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In the matter of Sections 94 and 159 of the Companies Law (2012) Revision; And in the Matter of Grencorp Ltd FSD 42 of 2013; Foster J, 15 August 2013

August 2013 Companies

CAYMAN ISLANDS

GRAND COURT

RESTORATION OF COMPANY TO THE REGISTER OF COMPANIES - CONDITIONS WHICH COURT MAY IMPOSE FOR RESTORATION

On 1 April 2013, the Judge made an order that Grencorp Ltd (the “Company”), an exempted company, be restored to the register of companies and that the petitioning Creditor pay the re-instatement fee equivalent to the original incorporation fee and on the condition that the annual return fees and penalties as specified by the Registrar also be paid. By this Ruling the Judge gave his reasons for the Order as it was questioned whether the Court may or should order such restoration on condition of payment by the petitioning creditor of the arrears of annual fees and penalties.

 

To continue reading full articles in PDF format:
In the matter of Sections 94 and 159 of the Companies Law (2012) Revision; And in the Matter of Grencorp Ltd FSD 42 of 2013; Foster J, 15 August 2013

 

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EDITOR & HEAD OF LITIGATION BERMUDA

Christian R. Luthi
Tel: +1 441 298 7814
Email: christian.luthi@conyersdill.com


Head of Litigation British virgin islands

Mark J. Forte
Tel: +1 284 852 1113
Email: mark.forte@conyersdill.com


Head of Litigation Cayman Islands

Paul Smith
Tel: +1 345 814 7777
Email: paul.smith@conyersdill.com


HEAD OF THE ASIA DISPUTES & RESTRUCTURING GROUP

Nigel K. Meeson, QC
Tel: +852 2842 9553
Email: nigel.meeson@conyersdill.com

Offshore Cases

In the matter of Sections 94 and 159 of the Companies Law (2012) Revision; And in the Matter of Grencorp Ltd FSD 42 of 2013; Foster J, 15 August 2013

17 August 2013

CAYMAN ISLANDS

GRAND COURT

RESTORATION OF COMPANY TO THE REGISTER OF COMPANIES - CONDITIONS WHICH COURT MAY IMPOSE FOR RESTORATION

On 1 April 2013, the Judge made an order that Grencorp Ltd (the “Company”), an exempted company, be restored to the register of companies and that the petitioning Creditor pay the re-instatement fee equivalent to the original incorporation fee and on the condition that the annual return fees and penalties as specified by the Registrar also be paid. By this Ruling the Judge gave his reasons for the Order as it was questioned whether the Court may or should order such restoration on condition of payment by the petitioning creditor of the arrears of annual fees and penalties.

 

To continue reading full articles in PDF format:
In the matter of Sections 94 and 159 of the Companies Law (2012) Revision; And in the Matter of Grencorp Ltd FSD 42 of 2013; Foster J, 15 August 2013

 

 

EDITOR & HEAD OF LITIGATION BERMUDA

Christian R. Luthi
Tel.: +1 441 298 7814
Email.: christian.luthi@conyersdill.com


Head of Litigation British virgin islands

Mark J. Forte
Tel.: +1 284 852 1113
Email.: mark.forte@conyersdill.com


Head of Litigation Cayman Islands

Paul Smith
Tel.: +1 345 814 7777
Email.: paul.smith@conyersdill.com


HEAD OF THE ASIA DISPUTES & RESTRUCTURING GROUP

Nigel K. Meeson, Q.C.
Tel.: +852 2842 9553
Email.: nigel.meeson@conyersdill.com