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In the Matter of the Bankruptcy Law (Cap.7) (1997 Revision) and In the Matter of Patricia H. Millard, a Debtor, and In The Matter of William H. Millard, a Debtor, Cause No. FSD 60 and 61 of 2013, per Jones J (26 November 2013)

November 2013 Insolvency Winding Up Liquidation

CAYMAN ISLANDS

GRAND COURT

BANKRUPTCY - AUDIT OF ACCOUNTS OF THE TRUSTEE IN BANKRUPTCY - ROLE OF AUDITOR

In the most recent Ruling on Bankruptcy Laws in the Cayman Islands, the Court had to consider whether the role of the Auditor General to audit the accounts of a Trustee in bankruptcy can be waived by a direction of the Court.

In the current proceedings, the Trustee’s Agents asked for a direction that the Auditor General shall not be required to audit the accounts of the Trustee in Bankruptcy, essentially on the grounds that it would service no useful purpose in the circumstances where the administration has been delegated to professional insolvency practitioners.

 

To continue reading full articles in PDF format:
In the Matter of the Bankruptcy Law (Cap.7) (1997 Revision) and In the Matter of Patricia H. Millard, a Debtor, and In The Matter of William H. Millard, a Debtor, Cause No. FSD 60 and 61 of 2013, per Jones J (26 November 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 the Bankruptcy Law (Cap.7) (1997 Revision) and In the Matter of Patricia H. Millard, a Debtor, and In The Matter of William H. Millard, a Debtor, Cause No. FSD 60 and 61 of 2013, per Jones J (26 November 2013)

18 November 2013

CAYMAN ISLANDS

GRAND COURT

BANKRUPTCY - AUDIT OF ACCOUNTS OF THE TRUSTEE IN BANKRUPTCY - ROLE OF AUDITOR

In the most recent Ruling on Bankruptcy Laws in the Cayman Islands, the Court had to consider whether the role of the Auditor General to audit the accounts of a Trustee in bankruptcy can be waived by a direction of the Court.

In the current proceedings, the Trustee’s Agents asked for a direction that the Auditor General shall not be required to audit the accounts of the Trustee in Bankruptcy, essentially on the grounds that it would service no useful purpose in the circumstances where the administration has been delegated to professional insolvency practitioners.

 

To continue reading full articles in PDF format:
In the Matter of the Bankruptcy Law (Cap.7) (1997 Revision) and In the Matter of Patricia H. Millard, a Debtor, and In The Matter of William H. Millard, a Debtor, Cause No. FSD 60 and 61 of 2013, per Jones J (26 November 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