Securities and Exchange Commission v Samuel E Wyly & Ors [2016] CIFsd 23 (29 August 2016)

The court held that the assets held in Cayman entities by the respondents are subject to enforcement in accordance with Cayman law, recognizing the US judgment.

Citation: [2016] CIFsd 23
Parties: Applicant: Securities and Exchange Commission; Respondent: Samuel E Wyly; Respondent: Ors
Jurisdiction: Cayman Islands
Judgment Date: 29 August 2016
Procedural Posture: Civil / Final Judgment
Outcome: judgment for applicant
Legal Topics: Regulatory Enforcement, Asset Recovery

Financial Services Securities Law Regulatory Enforcement Asset Recovery

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 2 Authorities cited 3 Party arguments 2

Parties

Securities and Exchange Commission

Applicant

Samuel E Wyly

Respondent

Ors

Respondent

Procedural Posture

Civil / Final Judgment

Legal Issues

1 whether respondents violated securities regulations
2 whether assets held in Cayman entities are subject to enforcement

Ratio Decidendi

The court held that the assets held in Cayman entities by the respondents are subject to enforcement in accordance with Cayman law, recognizing the US judgment.

Court Disposition

judgment for applicant

Orders

assets held in Cayman entities by respondents to be enforced
costs awarded to applicant