In the matter of Emergent Capital Ltd [2012] CIFsd 1 (05 January 2012)

The court found that Emergent Capital Ltd was unable to pay its debts and ordered that it be wound up.

Citation: [2012] CIFsd 1
Parties: Applicant: Emergent Capital Ltd
Jurisdiction: Cayman Islands
Judgment Date: 05 January 2012
Procedural Posture: Company Matter / Judgment
Outcome: winding up order granted
Legal Topics: Winding Up, Insolvency

Company Law Winding Up Insolvency

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Parties

Emergent Capital Ltd

Applicant

Procedural Posture

Company Matter / Judgment

Legal Issues

1 Whether Emergent Capital Ltd should be wound up under the Companies Law

Ratio Decidendi

The court found that Emergent Capital Ltd was unable to pay its debts and ordered that it be wound up.

Court Disposition

winding up order granted

Orders

Emergent Capital Ltd to be wound up under the supervision of the court