Mr Michael Snape

Michael Snape

Updates

Insolvency & Restructuring

Court of Appeal validates test under Section 99 of Companies Law
Cayman Islands | 17 April 2020

The Court of Appeal has provided much needed clarification of the test for validating certain transactions by companies that are subject to a winding-up petition, pursuant to Section 99 of the Companies Law (2020 Revision). Section 99 operates to help maintain the status quo of a company at the date of a winding-up petition so that the winding-up petition can continue to achieve its purposes.

Private Client & Offshore Services

Court of Appeal validates test under Section 99 of Companies Law
Cayman Islands | 16 April 2020

The Court of Appeal has provided much needed clarification of the test for validating certain transactions by companies that are subject to a winding-up petition, pursuant to Section 99 of the Companies Law (2020 Revision). Section 99 operates to help maintain the status quo of a company at the date of a winding-up petition so that the winding-up petition can continue to achieve its purposes.