Restructuring and insolvency in Cayman Islands: overview

Harneys Partner Nick Hoffman authored a Q&A guide, published by Thomson Reuters Practical Law, in relation to restructuring and insolvency law in the Cayman Islands.

The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.

Click here to read the guide.