In the matter of Fortuna Development Corporation [2009] CIFsd 27 (16 November 2009)
The company was unable to pay its debts and no opposition was raised; therefore, the court ordered winding up.
- Citation
- [2009] CIFsd 27
- Parties
- Applicant: Fortuna Development Corporation
- Jurisdiction
- Cayman Islands
- Judgment Date
- 16 November 2009
- Procedural Posture
- Corporate Insolvency / Final Judgment
- Outcome
- application granted
- Legal Topics
- Winding Up, Liquidation
Case Brief
Summary, issues, holding and outcome
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Parties
Fortuna Development Corporation
Applicant
Procedural Posture
Corporate Insolvency / Final Judgment
Legal Issues
- 1 Whether Fortuna Development Corporation should be wound up under the Companies Law
Ratio Decidendi
The company was unable to pay its debts and no opposition was raised; therefore, the court ordered winding up.
Court Disposition
application granted
Orders
- Fortuna Development Corporation is to be wound up under the Companies Law
Full Case Text
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