Mobile Menu
Articles

Offshore Special Report: Cayman Islands Modernises Insolvency Regime

On 1 March 2009, the Companies (Amendment) Law, 2007 came into effect. The highlights of the Amendment Law are:

-Clarification of existing law and practice;
-Introduction of remedy for Fraudulent Trading;
-Creation of a new “Oppression Remedy” for shareholders of companies registered in the Cayman Islands;
-New provisions with regard to the Voluntary Winding Up of Companies;
-Introduction of “International Co-operation” provisions; and
-Introduction of new Insolvency Rules.

 

To continue reading full articles in PDF format:
Offshore Special Report: Cayman Islands Modernises Insolvency Regime

 



A version of this article was originally published in The Lawyer and can be found here.

Accolades
_

"Few firms can come close to Conyers on one critical metric, and this is the breadth of the client base."
- IFLR1000