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Torchlight: Cayman winding-up settled, judgment issued anyway on public interest grounds

By Benjamin Clarke

12 October 2018

Torchlight: Cayman winding-up settled, judgment issued anyway on public interest grounds iStock.com/LarsHallstrom

Despite the parties reaching a confidential settlement out of court, a Cayman judge that sat through a mammoth 41-day trial of a winding-up petition has handed down his judgment on the grounds there was a “strong public interest” to do so - dismissing the case as “improper”.