In the matter of Premier Assurance Group [2023] CIFsd 36 (17 May 2023)

The court found that Premier Assurance Group was unable to pay its debts and ordered that it be wound up.

Citation: [2023] CIFsd 36
Parties: Subject Company: Premier Assurance Group
Jurisdiction: Cayman Islands
Judgment Date: 17 May 2023
Procedural Posture: Winding Up Petition / Judgment
Outcome: winding up order granted
Legal Topics: Winding Up, Liquidation, Financial Services

Insolvency Company Law Winding Up Liquidation Financial Services

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Parties

Premier Assurance Group

Subject Company

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

1 Whether Premier Assurance Group should be wound up under the Companies Act

Ratio Decidendi

The court found that Premier Assurance Group was unable to pay its debts and ordered that it be wound up.

Court Disposition

winding up order granted

Orders

Premier Assurance Group is to be wound up under the Companies Act