Cayman Islands court orders winding up of LDK Solar
From SeeNews Renewables April 8 (SeeNews) – The Grand Court of the Cayman Islands this week ordered that Chinese photovoltaics (PV) maker LDK Solar Co Ltd (OTCMKTS:LDKYQ), officially in liquidation, be wound up in accordance with the Companies Law. The…
Cayman Islands: Petitioning for change?
From Harneys Cayman Insolvency Update Despite the absence of a formal restructuring regime, the Courts in Cayman (and latterly by way of the Companies Law) have developed a flexible and pragmatic approach, deploying provisional liquidators to provide breathing space for…
Cayman Islands foundations
By Tony Pursall and Richard Grasby, Maples & Calder From Trusts & trustees Vol 20 No. 6 July 2014 You can download the whole article at: http://tandt.oxfordjournals.org/content/20/6/561.full.pdf?keytype=ref&ijkey=HKjwOifd1pqRzaI Abstract The Cayman Islands plan to introduce the foundation as a new…
Cayman Court of Appeal clarifies the scope of the international cooperation provisions of the Companies Law
From Mourant Ozannes The Court of Appeal (Chadwick, Mottley and Campbell JJA) delivered its judgment in the case of Picard (Trustee for the liquidation of Bernard L Madoff Investment Securities LLC) v Primeo Fund (in official liquidation) on 16 April…
Lending & Secured Finance Guide 2014: Cayman Islands
Article by Alasdair Robertson and Tina Meigh, Maples and Calder 1 Overview 1.1 What are the main trends/significant developments in the lending markets in the Cayman Islands? There have been no changes to the Companies Law (2013 Revision) of the…
Cayman Court of Appeal clarifies the scope of the international co-operation provisions of the Companies Law
From Mount Ozannes The Court of Appeal (Chadwick, Mottley and Campbell JJA) delivered its judgment in the case of Picard (Trustee for the liquidation of Bernard L Madoff Investment Securities LLC) v Primeo Fund (in official liquidation) on 16 April…
Structured Finance – Why Cayman?
Article by Alasdair Robertson and Nicola Bashforth From Maples and Calder Cayman SPVs The Cayman Islands is one of the leading jurisdictions in which to establish special purpose vehicles (SPVs) used for securitisation and other structured-finance transactions. A structured-finance transaction…
Offshore Case Digest: Cayman Islands January 2013-March 2013
From Conyers Dill & Pearman Cayman Islands Grand Court January 2013 CROSS-BORDER INSOLVENCY LAW – JURISDICTION TO DETERMINE CLAW-BACK CLAIMS – FOREIGN TRUSTEE GRANTED RECOGNITION IN THE CAYMAN ISLANDS – ABILITY OF THE CAYMAN ISLANDS COURTS TO ASSIST IN AID…
