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Cayman court appoints “soft-touch” liquidators over CW Group

By Douglas Thomson

16 August 2018

Cayman court appoints “soft-touch” liquidators over CW Group istock.com/lutavia

Engineering company CW Group has won an application for the appointment of “soft touch” provisional liquidators in the Cayman Islands, against the objections of banking creditors who alleged mismanagement – a month after a Hong Kong court said it could not recognise the group’s Singaporean restructuring.