December 1, 2020

Cayman Islands: Show me the money: Identification and Preservation of Assets in the Cayman Islands

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Last Updated: 5 November 2019 Article by David Lee and Mehreen Siddiqui Appleby From Mondaq The Cayman Islands has long had a developed arbitration framework providing for the recognition and enforcement of international arbitration awards. As the Cayman Islands is also a jurisdiction in which many organisations hold substantial assets, this can prove a valuable route for enforcement. […]

Failure to Launch: Cayman Court has “Scant Sympathy” for Plaintiff who did not serve writ in time

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From Appleby Weavering Macro Fixed Income Fund Limited (In Official Liquidation) (the “Plaintiff”) was a Cayman investment fund which made headlines in 2009 when it emerged that the counterparty for its biggest trading position was controlled by the fund’s manager. An allegation that the fund’s NAV was artificially inflated due to a sham transaction with […]