A substantive hearing of a winding up petition in the Financial Services Division last week successfully conducted via video-link shows the Cayman Court is effectively responding to the challenges
The statutory demand process is widely used by creditors seeking to secure payment of their debts.
As COVID-19 wreaks havoc throughout the global economy – disrupting supply chains, creating liquidity crises and roiling business relationships – the prevalence of commercial disputes is expected to increase dramatically.
Enforcement of an award shall not be refused except in the circumstances set out above.
The Grand Court has handed down its ruling in eHi Car Services Limited, roundly rejecting an attempt by eHi Car Services Limited to re-write the procedural framework for s.238 proceedings.
Trustees can all too easily find themselves caught up in litigation in another jurisdiction given the increasingly international nature of offshore trusts.
Carey Olsen has appointed James Noble to lead the development of the firm's litigation, insolvency and restructuring offering in Asia.
The Cayman Islands continues to enhance its reputation as a pro-arbitration jurisdiction, with recent court decisions affirming the judiciary's
In previous years we saw a few particular areas of major interest emerge, but the past year has been a year of wide variety.
The Cayman Islands has long had a developed arbitration framework providing for the recognition and enforcement of international arbitration awards.
Bedell Cristin Cayman Partnership
The English High Court ("Court") has found that an arbitrator could consider a letter containing an offer of settlement but not expressly marked "Without prejudice"...
In an unreported judgment of the Civil Division of the Grand Court of the Cayman Islands dated 26 August 2019, Mrs Justice Mangatal has provided some helpful clarification.
The August 2019 judgment of Kawaley J, sitting in the Grand Court of the Cayman Islands (the "Grand Court"), in Riad Tawfiq Al Sadik v Investcorp Bank B.S.C & Ors (FSD 47 of 2009) has provided litigants with judicial guidance.
Walkers successfully represented the appellant in a recent BVI appeal, in which the Court of Appeal overturned the decision to appoint a receiver over a BVI company owned by the appellant.
The common law principle of reflective loss has been judicially described as a "perplexing and developing area".
Higgs & Johnson
Argyle Fund SPC Inc. is a Cayman Island Mutual Fund which went into insolvent liquidation on 26 April 2016, purportedly due to significant exposure to debt factoring via investments made through two credit advisors ...
Legislative amendments to the Cayman Islands' Trusts Law have been passed and are expected to take effect shortly.
A recent decision of the Grand Court has opened the door to litigation funding in the Cayman Islands, which is now poised to be among the first offshore jurisdictions to welcome the industry and benefit from the opportunities it presents.
We are delighted to share with you this special publication containing offshore insolvency and restructuring articles written from each of the Walkers offices.