In the matter of Alpha Re Ltd (In Voluntary Liquidation) [2018] CIFsd 15 (02 March 2018)
The court granted the directions sought by the liquidator, confirming authority to distribute assets as proposed, finding the application consistent with statutory duties and proper liquidation practice.
- Citation
- [2018] CIFsd 15
- Parties
- Company in Voluntary Liquidation: Alpha Re Ltd
- Jurisdiction
- Cayman Islands
- Judgment Date
- 02 March 2018
- Procedural Posture
- Company Liquidation / Application for Directions
- Outcome
- directions granted
- Legal Topics
- Voluntary Liquidation, Liquidator's Powers, Distribution of Assets
Case Brief
Summary, issues, holding and outcome
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Parties
Alpha Re Ltd
Company in Voluntary Liquidation
Procedural Posture
Company Liquidation / Application for Directions
Legal Issues
- 1 Whether the liquidator has authority to distribute assets in the manner proposed
- 2 Whether the court should grant directions sought by the liquidator
Ratio Decidendi
The court granted the directions sought by the liquidator, confirming authority to distribute assets as proposed, finding the application consistent with statutory duties and proper liquidation practice.
Court Disposition
directions granted
Orders
- Liquidator authorised to distribute assets as proposed
- Liquidator to proceed in accordance with statutory duties
Full Case Text
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