The position and rights of secured creditors in a Cayman liquidation
Stingrays getting into position off the coast of Grand Cayman (Credit: iStock.com/IreneCorti)
While secured creditors are usually better off than unsecured ones, they can face a number of pitfalls as a result of much-overlooked Cayman law, warn partner Nick Hoffman and senior associate Katie Pearson from Harneys in Grand Cayman.
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