Regional news: Cayman Islands

Hong Kong court strikes out part of China Medical fraud claim

A Hong Kong court has struck out part of a fraud claim brought by the liquidators of Cayman-incorporated China Medical Technologies against one of the company’s former directors.

02 January 2020

Bondholders reach lock-up agreement over Tchenguiz sheltered housing rents

Senior bondholders in a Cayman-registered issuer have agreed a US$482 million restructuring with Lloyds and UBS for a deal securitising ground rents from a Tchenguiz-owned portfolio of sheltered housing properties.

18 December 2019

Cayman Islands

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12 December 2019

EY to hire Cayman Kalo duo

Big Four firm EY is set to hire Kalo Advisors managing directors Eleanor Fisher and Tammy Fu in the Cayman Islands.

18 November 2019

Kalo appoints new managing director in Cayman

Offshore restructuring and insolvency boutique Kalo has hired a former AlixPartners managing director for its Cayman Islands office.

01 November 2019

Cayman oil holding company seeks recognition in New York

The liquidator of an international oil and gas group’s Cayman holding company has filed Chapter 15 proceedings in New York, accusing its US-based directors of being “consistently uncooperative”.

31 October 2019

Conyers hires in Cayman

Offshore firm Conyers Dill & Pearman has hired Jonathon Milne from Mourant Ozannes as a partner in its Cayman Islands litigation and restructuring practice.

28 October 2019

Cayman court authorises Saad distributions pending AHAB appeal

After over a decade of waiting, creditors of a Saad Group holding company are to receive distributions in the wake of Saudi conglomerate Ahmad Hamad Algosaibi & Brothers’ failed US$4 billion Cayman fraud litigation – even as AHAB’s appeal in the case remains underway.

22 October 2019

Vantage “discrimination” claims dismissed in Chapter 11 appeal

A Taiwanese businessman contesting the US$2.6 billion restructure of an offshore oil drilling group does not have a dog in the fight, a US district court judge has ruled.

26 June 2019

R&H Restructuring hires former EY director in the Cayman Islands

Recently rebranded boutique R&H Restructuring has hired former EY executive director Claire Loebell in the Cayman Islands.

15 May 2019

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