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
Summary, issues, holding and outcome
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Parties
GFN Corporation Ltd
Subject Company
Procedural Posture
Corporate Insolvency / Judgment
Legal Issues
- 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
Full Case Text
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