October 19, 2021

Cayman Islands Court of Appeal – Receivers ‘sell’ away into the sunset!

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From Harneys In a recent decision of the Grand Court of the Cayman Islands in Sellten Polska SP. Z.O.O. v JSC Mezhdunarodniy Promyshlenniy Bank, the Honourable Justice Mangatal approved an application by the joint receivers of DB Marine, to sell a yacht known as DB9 for $US6 million. Sellten Polska SP. Z.O.O. (the “Appellant”) appealed […]

Cayman Islands: The Paralysed Trustee: A Cayman Approach

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By Bernadette Carey Conyers Dill & Pearman While it is a relatively rare occurrence, circumstances can arise in the life of a trust that lead a trustee to the view that its hands are effectively tied and which potentially put the proper administration of the trust, and the interests of its beneficiaries, in great peril. […]

Cayman Islands: The paralysed trustee: A Cayman approach

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Article by Bernadette Carey From Conyers Dill & PearmanWhile it is a relatively rare occurrence, circumstances can arise in the life of a trust that lead a trustee to the view that its hands are effectively tied and which potentially put the proper administration of the trust, and the interests of its beneficiaries, in great […]