In the matter of Freerider Ltd (In Official Liquidation) [2011] CIFsd 7 (04 March 2011)

In the matter of Freerider Ltd (In Official Liquidation) [2011] CIFsd 7 (04 March 2011)

The court held that Freerider Ltd should remain in official liquidation and clarified the scope of the liquidator's powers under the Companies Law.

Citation
[2011] CIFsd 7
Parties
Company in Liquidation: Freerider Ltd
Jurisdiction
Cayman Islands
Judgment Date
04 March 2011
Procedural Posture
Winding Up Proceedings / Judgment
Outcome
company to remain in official liquidation
Legal Topics
Official Liquidation, Winding Up, Liquidator Powers
Insolvency Company Law Official Liquidation Winding Up Liquidator Powers

Case Brief

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Parties

Freerider Ltd

Company in Liquidation

Procedural Posture

Winding Up Proceedings / Judgment

Legal Issues

  1. 1 whether the company should remain in official liquidation
  2. 2 scope of liquidator's powers

Ratio Decidendi

The court held that Freerider Ltd should remain in official liquidation and clarified the scope of the liquidator's powers under the Companies Law.

Court Disposition

company to remain in official liquidation

Orders

  • liquidator's powers clarified
  • company remains in liquidation