Cayman Court of Appeal clarifies the scope of the international cooperation provisions of the Companies Law
- Section 241(1) is intended to be an exhaustive list of the Court's statutory powers to grant ancillary relief in aid of a foreign bankruptcy proceeding.
- Section 241(e) does not constitute a power to make orders for the purposes of setting aside antecedent transactions and ordering the repayment of money to the debtor. The Judge found that the phrase property belonging to a debtor, relates only
Published May 13, 2014
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