Regional news: Cayman Islands

A Hong Kong court has appointed liquidators over a Cayman healthcare company accused of fraud, after dispensing with creditor meetings and rejecting opposition from contributories.

09 April 2021

Offering a rare glimpse into a cross-border insolvency in Africa, a Cayman court has appointed light-touch provisional liquidators over an oil and gas company finding its intention to restructure was there, despite its “precarious” negotiations being at an early stage and creditors in Kenya trying to stall a related Mauritian administration.

01 April 2021

Sequor Law has helped the English trustees of an Omani citizen secure interim recognition in Florida and is advising the Cayman liquidators of a segregated portfolio company on a recognition request in the same state – while a separate set of Cayman liquidators are seeking similar relief in New York.

31 March 2021

China’s Luckin Coffee has secured US recognition of its Cayman liquidation – but a New York court has asked for more information before it decides the scope of further Chapter 15 relief, in light of objections lodged over a stay on claims against non-debtor parties.

24 March 2021

The Cayman liquidators of a Vietnamese restaurant chain and the business rescue practitioners of a South African airline are seeking separate recognition orders in New York.

16 March 2021

An Australian litigation funder has obtained a Cayman winding-up order against a client that had its arbitral award sequestered in Albania, after withdrawing enforcement proceedings in Canada.

08 March 2021

The liquidators of a Cayman sanitary ware company have failed to secure a judicial review of its share delisting in Hong Kong, which came despite it pursuing a scheme of arrangement.

02 March 2021

An investment manager that operated within UAE private equity group Abraaj has failed to obtain documents from the Cayman liquidators of an Abraaj subsidiary, after a court blocked it from bringing litigation due to third-party confidentiality concerns.

01 March 2021

An Australian disputes funder has applied to wind up its Cayman oil company client after discovering that a US$12.6 million arbitral award it helped secure was sequestered by a bailiff in Albania.

15 February 2021

Hong Kong and Cayman Islands courts have sanctioned parallel schemes of arrangement for an investment holding company, finding the Gibbs rule did not prevent it from restructuring Macau law-governed debt.

09 February 2021