October 14, 2019

Cayman Islands: Another chapter in the China Milk Saga

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Article by Ben Hobden From Conyers Dill & Pearman As a jurisdiction that currently has no formal restructuring regime, the appointment of a provisional liquidator has long since been utilised for the purpose of facilitating a corporate restructuring in the Cayman Islands. A provisional liquidator may only be appointed following the presentation of a winding […]

Cayman Islands: Introduction of beneficial ownership registers proposed

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Contributed by Harneys From ILO Introduction Reasons for the proposal Beneficial ownership register Contents of register Failure to maintain register Next steps Introduction Following an initial public consultation during 2016, the government has published draft legislation which, when adopted, will require Cayman companies to maintain beneficial ownership registers and for the information in the registers […]

Restoration of the ‘Redemption Creditor’ in the Cayman Islands

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By Matthew Goucke and Chris Keefe From Walkers A recent judgment of the Cayman Islands Court of Appeal (‘CICA’) has provided a welcome degree of certainty for investors and insolvency practitioners alike with respect to the priority to be afforded to investors’ claims for unpaid redemption proceeds in the winding up of Cayman Islands investment […]

Cayman Islands: Winding Up order issued for Bateman & Company

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IN THE GRAND COURT OF THE CAYMAN ISLANDS FINANCIAL SERVICES DIVISION CAUSE NO: 123 OF 2016 (IMJ) WINDING UP ORDER UPON HEARING counsel for the Petitioner upon its petition dated 10th August 2016 (“the Petition”) for an Order that BATEMAN & COMPANY LTD (the “Company”) be wound up AND UPON reading the Petition and the […]

Second Bateman company receives Winding Up Petition in the Cayman Islands

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By Georgina Wilcox Ryan Bateman, a Canadian National, whose company B&C Capital Ltd.) is already under the direction of a winding up order, now has a second company facing the same direction. This second company is Bateman & Company and the the petition seeks the appointment of well known insolvency practitioner Chris Johnson, and Graham […]

Trina Solar to be taken private in $1.1 Bln deal

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(RTTNews.com) – Trina Solar Limited ( TSL ) said that it has entered into a definitive agreement and plan of merger with Fortune Solar Holdings Limited or “Parent” and Red Viburnum Company Limited , a wholly owned subsidiary of Parent, pursuant to which the Company will be acquired by an investor consortium in an all-cash […]

Ryan Bateman Cayman Islands’ company ordered to be wound up

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Georgina Wilcox It would appear that it is the end of the road for Ryan Bateman’s Cayman Islands company B & C Capital Ltd to be wound up. Local accountants Christopher Johnson and Graham Robinson of Chris Johnson Associates Ltd., have been appointed as joint official liquidators of the Company. A Winding Up Petition from […]

Cayman Islands guide to ship finance 2016

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From Harneys This Cayman guide to ship finance provides an overview of the key shipping-related issues, legal system and laws in Cayman, and explores the following questions:  Due diligence 1. How does one demonstrate title to or legal ownership of a vessel registered under the laws of your jurisdiction? A certificate of registry issued by […]

Cayman legislative changes demonstrate commitment to global transparency

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By Colin Riegels Contributed by Harney Westwood & Riegels LLP  From International Law Office The spotlight of the international community is shining more brightly than ever on international financial centres and those that use them, in an effort to reduce aggressive tax avoidance, tax evasion and other practices which are perceived to be practised largely through […]

Lending & Secured Finance Guide 2016: Cayman Islands

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By Tina Meigh, Nick Herrod From Maples In this guide, Tina Meigh and Nick Herrod provide an overview of lending and secured finance law in the Cayman Islands. Their contribution formed part of the 4th edition of the Lending & Secured Finance guide, published in April 2016 and covering law in 42 jurisdictions. This article […]