Cayman Islands Investment Funds: Winding Up Petitions
Cayman Islands insolvency law empowers the Grand Court to wind up a company under specified circumstances. Among them, the recent global recession has been a leading factor in the number of contested petitions, initiated by fund investors, being heard by the Cayman courts. Matthew Crawford summarises several circumstances which might give rise to a successful petition and provides a general account of the Cayman Islands winding up regime in a fund context.
Please see the attached article for further information. It was first published in International Corporate Rescue in September 2010.