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Commencing Proceedings Against A Cayman Islands Company In Liquidation: Having A Case Worth Entertaining - Corporate/Commercial Law

Commencing Proceedings Against A Cayman Islands Company In Liquidation: Having A Case Worth Entertaining - Corporate/Commercial Law
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New York , United States , Nassau County , State Of New York , City Of , United Kingdom , Cayman Islands , Michael Pearson , Sam Keogh , Thompsonv Mulgoa , William Jones , Registry Of The Privy Council , York Court , Parliament Law , Irrigation Co Ltd , Cayman Ltd , Trinity Ltd , Supreme Court , Ardent Harmony Fund Inc , Argyle Fund , Companies Law , Cayman Islands The Grand Court , Grand Court , Ardent Harmony Fund , Official Liquidation , Harmony Fund ,

Principles To Be Applied By Cayman Court In Granting Leave To Pursue Company In Liquidation - Corporate/Commercial Law

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The Grand Court of the Cayman Islands (the

Court ) recently handed down a decision
in the case of
BDO Cayman Ltd. and BDO Trinity Ltd. v Ardent
Harmony Fund Inc. (In Official Liquidation). This case
provides helpful guidance on the exercise of the Court s
discretion to grant leave to commence proceedings against a company
in liquidation.
Background
The plaintiffs, BDO Cayman Ltd. and BDO Trinity Ltd. sought
leave from the Grand Court pursuant to section 97(1) of the
Companies Act (2020 Revision) (the
Companies
Act ) to commence proceedings against the defendant, ....

New York , United States , Cayman Islands , Revision The Companies , Ardent Harmony Fund Inc , Harmony Fund Inc , York Court , Cayman Ltd , Trinity Ltd , Grand Court , Harmony Fund , Official Liquidation , Companies Act , Ardent Harmony Fund , New York Court , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , கேமன் தீவுகள் , திருத்தம் தி நிறுவனங்கள் , தீவிரமான நல்லிணக்கம் நிதி இன்க் , நல்லிணக்கம் நிதி இன்க் , யார்க் நீதிமன்றம் , கேமன் லிமிடெட் , திரித்துவம் லிமிடெட் , மாபெரும் நீதிமன்றம் , நல்லிணக்கம் நிதி ,