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Court confirms “unique status” of insolvency proceedings as Abraaj adjourned

By Benjamin Clarke

09 January 2019

Court confirms “unique status” of insolvency proceedings as Abraaj adjourned Abraaj founder Arif Naqvi / wikimediacommons/World Economic Forum

The Cayman Islands Grand Court has adjourned a winding-up petition against private equity investor Abraaj Holdings for a third time, finding the applicant had failed to identify “any immediate, tangible benefit” of an official liquidation.