Cayman Islands Law Update. Vol.2 Issue I

A liquidator of a British Virgin Islands (“BVI”) company which is in insolvent liquidation can make various applications against current directors or former directors of the company. This includes any shadow or de facto directors. The relevant legislation is the Insolvency Act 2003 (as amended). This Briefing sets...

A liquidator of a British Virgin Islands (“BVI”) company which is in insolvent liquidation can make various applications against current directors or former directors of the company. This includes any shadow or de facto directors. The relevant legislation is the Insolvency Act 2003 (as amended). This Briefing sets...

The recent Privy Council ruling in Tianrui (International) Holding Company Ltd v China Shanshui Cement Group Ltd [2024] UKPC 36 has significant implications for Cayman Islands company law, insofar as the judgment clarifies critical principles governing derivative actions and the rights of shareholders (including minority shareholders) to bring...

A liquidator of a British Virgin Islands (“BVI”) company which is in insolvent liquidation can make various applications against current directors or former directors of the company. This includes any shadow or de facto directors. The relevant legislation is the Insolvency Act 2003 (as amended). This Briefing sets...