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Cayman’s offshore insolvency petitions fall in 2017 – Cayman 27





Fewer companies wound up operations in Cayman last year as opposed to 2016.

These are the findings of the Offshore Corporate Insolvency Restructuring Annual Review 2017 compiled by Applebys.

For 2017 40 companies filed insolvency petitions in the Caymans jurisdiction, as opposed to 70 in 2016.

Dispute resolution partner at the firm, Tony Heaver-Wren, says decreases or increases in insolvency petition filings are more likely to affect insolvency and restructure professionals and not the wider economy.

This is because the firms winding up are international and are not Caymanian.

Very few of the petition filings have been for local enterprises. Instead, they are enterprises based around the world that are structu…

Read the full article at: https://cayman27.ky/2018/07/caymans-offshore-insolvency-petitions-fall-in-2017/

Category: LiquidationBy Insolvency GuardianJuly 4, 2018

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Cayman’s offshore insolvency petitions fall in 2017 – Cayman 27





Fewer companies wound up operations in Cayman last year as opposed to 2016.

These are the findings of the Offshore Corporate Insolvency Restructuring Annual Review 2017 compiled by Applebys.

For 2017 40 companies filed insolvency petitions in the Caymans jurisdiction, as opposed to 70 in 2016.

Dispute resolution partner at the firm, Tony Heaver-Wren, says decreases or increases in insolvency petition filings are more likely to affect insolvency and restructure professionals and not the wider economy.

This is because the firms winding up are international and are not Caymanian.

Very few of the petition filings have been for local enterprises. Instead, they are enterprises based around the world that are structu…

Read the full article at: http://cayman27.ky/2018/07/caymans-offshore-insolvency-petitions-fall-in-2017/

Category: LiquidationBy Insolvency GuardianJuly 4, 2018

Post navigation

PreviousPrevious post:Banks told to help people in card debt – SBSNextNext post:Subbies’ advocate tests tech for non-payment solution – The West Australian

Related Posts

SC agrees to hear petition by Byju’s promoters – ThePrint – PTIFeed
May 30, 2025
Access Denied
May 30, 2025
Deep Creek liquidation: ASB recoups funds, other creditors face $1.4m loss
May 30, 2025
Supreme Court admits Byju’s insolvency appeals | Bengaluru News
May 30, 2025
Builder fined $3500 for taking deposit on home he couldn’t deliver – thepost.co.nz
May 30, 2025
Cafe closed, life savings gone and $491k in debt
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