Peter Halsey Sherwood

1 month ago | mondaq.com | Sam Dawson |Denis Olarou |Peter Halsey Sherwood |Nigel Smith

This guide explores the latest legislative, regulatory andenforcement developments in the Cayman Islands and provides expertanalysis on industry-wide topics including the local legalframework, the main stages of a fraud case, parallel proceedings,cross-jurisdictional mechanisms, recent developments, technologyand other impacting factors.

Sep 11, 2024 | mondaq.com | Nigel Smith |Peter Halsey Sherwood

The Cayman Islands team obtained what may be the first instance of a permanent stay of an official liquidation of a Cayman Islands company. Few would disagree that when a company is placed in official liquidation, that is the penultimate step before the company's death. Official liquidators will realise the company's assets and distribute them to stakeholders, before the company's eventual, but inevitable dissolution. But does official liquidation have to be the end of the company?

Jun 30, 2023 | mondaq.com | Peter Halsey Sherwood

1. What measures are available in your jurisdiction to allow struggling businesses to enter into a "pre-pack"? There is no bespoke legislation dealing with "pre-pack" restructuring or sale of the business or assets of an insolvent Cayman Islands company. However, the existing insolvency legislation is sufficiently flexible to allow transactions approximating an English "pre-pack" to take place in the appropriate case, albeit there will be limitations compared with the English regime.

May 31, 2023 | mondaq.com | Sam Dawson |Denis Olarou |Peter Halsey Sherwood

This guide explores the latest legislative, regulatory and enforcement developments in the Cayman Islands and provides expert analysis on industry-wide topics including the local legal framework, the main stages of a fraud case, parallel proceedings, cross-jurisdictional mechanisms, recent developments, technology and other impacting factors. 1.