Bahamas court: local liquidators can remit bank funds to Cayman Islands under common law
The Supreme Court of the Bahamas has found that common law principles allow the local liquidators of a bankrupt bank to remit funds to its Cayman liquidators, despite the court’s refusal to grant full recognition of the bank’s Cayman proceedings last year.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.