In the matter of GFN Corporation Ltd [2009] CIFsd 2 (15 January 2009)

In the matter of GFN Corporation Ltd [2009] CIFsd 2 (15 January 2009)

The court found that GFN Corporation Ltd was unable to pay its debts and satisfied the statutory grounds for winding up under the Companies Law.

Citation
[2009] CIFsd 2
Parties
Subject Company: GFN Corporation Ltd
Jurisdiction
Cayman Islands
Judgment Date
15 January 2009
Procedural Posture
Corporate Insolvency / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Liquidation, Corporate Restructuring

Case Brief

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Parties

GFN Corporation Ltd

Subject Company

Procedural Posture

Corporate Insolvency / Judgment

  1. 1 Whether GFN Corporation Ltd should be wound up under the Companies Law

Ratio Decidendi

The court found that GFN Corporation Ltd was unable to pay its debts and satisfied the statutory grounds for winding up under the Companies Law.

Court Disposition

winding up order granted

Orders

  • GFN Corporation Ltd is ordered to be wound up under the Companies Law