In the matter of Acorn International Inc [2015] CIFsd 7 (06 March 2015)

In the matter of Acorn International Inc [2015] CIFsd 7 (06 March 2015)

The court found that Acorn International Inc was unable to pay its debts and satisfied the statutory grounds for winding up under the Companies Law.

Citation
[2015] CIFsd 7
Parties
Subject Company: Acorn International Inc
Jurisdiction
Cayman Islands
Judgment Date
06 March 2015
Procedural Posture
Company Matter / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Insolvency, Financial Services
Company Law Winding Up Insolvency Financial Services

Case Brief

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Parties

Acorn International Inc

Subject Company

Procedural Posture

Company Matter / Judgment

Legal Issues

  1. 1 Whether Acorn International Inc should be wound up under the Companies Law

Ratio Decidendi

The court found that Acorn International Inc 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

  • Acorn International Inc is to be wound up under the Companies Law