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Directors’ Duties – Two Stage Test for the Creditor Duty

We have published a series of articles dealing with directors’ duties in the zone of insolvency. In previous briefings, we have written about the high-profile UK Supreme Court ruling in Sequana and the New Zealand Supreme...more

Conyers secures US$178 million Judgment for Claimant in long-running BVI shareholder dispute

On 24-25 October 2023, Justice Wallbank of the BVI Commercial Court presided over a valuation trial in the matter of Soemarli Lie v Ng Min Hong & Success Overseas Finance Limited BVIHC(Com) 2020/147 (the “Valuation...more

Cayman Islands Joint Provisional Liquidators Appointed Over Failed Cryptocurrency Exchange

On 8 March 2023, the Grand Court of the Cayman Islands appointed Joint Provisional Liquidators (“JPLs”) over Atom Holdings (the “Company”), a Cayman incorporated holding company for the Atom Group, which operated a...more

Cayman Islands Restructuring: Court-to-Court Communication and Co-operation in Cross-Border Matters

With a marked increase in large-scale cross-border insolvency and restructuring proceedings in the Cayman Islands and elsewhere, there is a greater focus on principles of comity and co-operation between courts and...more

Hong Kong Court Renders Assistance to Cayman Islands Liquidators of a Solvent Investment Fund

On 24 June 2022, the Honourable Mr Justice Harris (of the High Court of Hong Kong Special Administrative Region) granted assistance to Cayman Islands appointed Joint Provisional Liquidators (the “JPLs”) of Seahawk China...more

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