Third party litigation funding in the Cayman Islands: a shift in policy
In a landmark ruling, the Grand Court of Cayman approved a third party litigation funding agreement.
The Court's observations have until now been restricted to the use of funding for the benefit of impecunious liquidation estates. This was a case involving a large multinational seeking to take advantage of funding for other commercial reasons.
Read the full article: Third party litigation funding in the Cayman Islands: A shift in policy
Rare example of anti-anti-suit injunction in Guernsey
An anti-anti suit injunction is a form of anti-suit injunctive relief granted by a particular court to stop a party pursuing an application for an anti-suit injunction in another court. The Guernsey Court of Appeal case of Carlyle Capital Corporation (in liquidation) ("CCC") and others v Conway and others handed down on 27 April 2012, sets out the Guernsey position on anti-anti suit injunctions.
Read the full article: Rare example of anti-anti-suit injunction in Guernsey
What the China Agrotech ruling means for cross-border insolvency practitioners
The Grand Court of the Cayman Islands' decision to grant common law recognition and assistance to liquidators appointed by the High Court of Hong Kong over an exempted Cayman Islands incorporated company - without parallel insolvency proceedings in Cayman - is likely to be widely welcomed by insolvency practitioners and lawyers.
Read the full article: What the China Agrotech ruling means for cross-border insolvency practitioners
Continued growth in our global dispute resolution team
We're delighted to have recently welcomed six new lawyers to our global dispute resolution team: employment law counsel Rachel DeSanges (Guernsey/London), partner Marc Kish (Cayman), associate Deborah Barker Roye (Cayman), associate Joey Cheung (Hong Kong), associate Britt Smith (Cayman) and paralegal David Freeman (Cayman).