Cayman court reinforces liquidators’ clawback powers
The Cayman Islands (Credit: iStock.com/mikolajn)
A Cayman Islands appeals court has upheld the authority of liquidators to pursue clawback actions in the name of pari passu distribution, dismissing a challenge from an investor into a Cayman vehicle whose manager was found to have fraudulently covered up its insolvency.
To read more
Subscribe to Global Restructuring Review
Subscribe & start reading now!
GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.
Subscribe now