Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Madoff investor’s Cayman liquidation recognised in New York

By Dominic Lawson

14 August 2019

Madoff investor’s Cayman liquidation recognised in New York Grand Cayman, Cayman Islands / iStock.com/JodiJacobson

A New York court has recognised the Cayman liquidation of a Madoff Ponzi scheme investor, overturning a shareholder’s objection that the islands were not its centre of main interest (COMI).