Colette Wilkins

Nov 28, 2023 | mondaq.com | Barnaby Gowrie |Siobhan Sheridan |Luke Petith |Colette Wilkins

On 20 November 2023, the Grand Court of the Cayman Islands (the "Grand Court") issued its ruling on a preliminary issue in In the matter of Re BPGIC Holdings Limited; namely whether a winding up petition should be stayed or dismissed pending resolution of a purported dispute relating to the subject debt by a foreign arbitral tribunal, without any examination by the Grand Court as to whether the subject debt is genuinely disputed on substantial grounds.