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Insolvency law in the Cayman Islands is principally regulated by the Companies Law (2013) and the Companies Winding Up Rules 2008, which are supplemented by a wide body of case law. The following guidance is a summary only.
Insolvency
Under Cayman law, a company may be wound up on the basis of insolvency if it cannot pay its debts as they fall due. A company is treated as unable to pay its debts if:
it fails to satisfy a valid statutory demand;
execution of a judgment is returned wholly or part…
Insolvency law in the Cayman Islands is principally regulated by the Companies Law (2013) and the Companies Winding Up Rules 2008, which are supplemented by a wide body of case law. The following guidance is a summary only.
Insolvency
Under Cayman law, a company may be wound up on the basis of insolvency if it cannot pay its debts as they fall due. A company is treated as unable to pay its debts if:
it fails to satisfy a valid statutory demand;
execution of a judgment is returned wholly or part…
Police and FBI officials report that more than 14 are dead and more than 14 are wounded in a shooting in San Bernardino, California.
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Is this the last straw for a city already down – way down – on its luck?
When the shooters arrived at San Bernardino’s enormous and publicly-funded Inland Regional Centre for adults and children with disabilities, they were attacking a facility that catered for some of the most vulnerable people in one of the most vulnerable parts of California.
MUMBAI: A number of infrastructure companies, including some major private players, are looking to sell masala bonds, as they seek to reduce the risks associated with external commercial borrowings by moving to this rupee-denominated overseas debt that also comes with easier conditions.
As much as $6 billion (about Rs 40,000 crore) could be raised through masala bonds in the coming few months by Indian businesses, say industry trackers. Companies such as SREI Infrastructure Finance, GVK and GMR are some of the private infrastructure players that could be exploring the scope for raising funds through this route, people with knowledge of the plans said. Besides other benefits, the cost of borrowing could also be lower in masala bonds compar…
Lewis Hamilton might have won the title but Nico Rosberg ended 2015 as the man in front
The Formula 1 season ended on Sunday with a third consecutive victory for Mercedes driver Nico Rosberg, but it is important to remember how the year started.
There are now questions about just why Rosberg has hit this rich vein of form, but it has come at the end of a year that was owned outright by his team-mate Lewis Hamilton.
Unlike in 2014, when he retired from the first race of the season, Hamilton won in Australia in March and built up from there a momentum to which Rosberg had no answer.
The German had his moments but, generally speaking, Hamilton was in complete control of the season from Melbourne until he won the title in Aus…
Australia’s peak forest contractor lobby wants Federal Industry and Innovation Minister Christopher Pyne to include changes to preferential payments in his push for company law overhaul.
