In the matter of the liquidation of Saad Investment and Finance Company Ltd [2010] CIFsd 25 (02 August 2010)

In the matter of the liquidation of Saad Investment and Finance Company Ltd [2010] CIFsd 25 (02 August 2010)

The court held that the liquidation should proceed as per the statutory framework governing insolvency in the Cayman Islands.

Citation
[2010] CIFsd 25
Parties
Company in Liquidation: Saad Investment and Finance Company Ltd
Jurisdiction
Cayman Islands
Judgment Date
02 August 2010
Procedural Posture
Liquidation / Judgment
Outcome
Liquidation to proceed
Legal Topics
Liquidation, Winding Up, Financial Services
Insolvency Company Law Liquidation Winding Up Financial Services

Case Brief

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Parties

Saad Investment and Finance Company Ltd

Company in Liquidation

Procedural Posture

Liquidation / Judgment

Legal Issues

  1. 1 Whether the liquidation of Saad Investment and Finance Company Ltd should proceed under Cayman Islands law

Ratio Decidendi

The court held that the liquidation should proceed as per the statutory framework governing insolvency in the Cayman Islands.

Court Disposition

Liquidation to proceed

Orders

  • Liquidation of Saad Investment and Finance Company Ltd to continue under Cayman Islands law