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Recent decisions by the Cayman Islands courts have illustrated how difficult it is for a petitioner to successfully wind up a company on just and equitable grounds. Establishing the existence of unfair prejudice is often a key component in such petitions. However, a recent decision of the English High Court illustrates that proving unfair prejudice will be a formidable task at trial.

The Annual IWIRC Black Tie Dinner was held at the Hong Kong Club on Wednesday, 19 June 2019. It is known as the premier social event of the year within the Insolvency and Restructuring community in Hong Kong with tickets selling out each year in under five minutes.

Jurisdiction clauses in contractual disputes are of seminal importance and dictate the location and often the mechanism by which litigation between parties is to be decided. However, in complex contractual relationships between parties spanning varying commercial interests, conflicting jurisdiction clauses are frequently encountered and can cause uncertainty when disputes arise.

In a recent hearing of the Supreme Court of Bermuda, Chief Justice Hargun made an order validating the sale by GTL International Limited (In Provisional Liquidation) (the Company) of 12 of its subsidiaries. The Company is part of a larger global group of companies which operates in the telecommunications sector.

In Emmerson International Corp v Renova Holding Ltd (British Virgin Islands), the Privy Council held that leave is not required to appeal disclosure provisions within a freezing injunction. The Privy Council confirmed the position is the same whether the appeal is in respect of the initial freezing order or a subsequent variation of the order.

The BVI Commercial Court has recently ruled that applications for Norwich Pharmacal relief should, as a general rule, be made on notice to the respondent subsequent to the granting of any seal and gagging order made to preserve the confidentiality of such an application.