Insolvency & Restructuring

11 June 2021

Grand Court strikes out creditor's winding-up petition and comments on relationship with arbitration clauses

The Grand Court recently struck out a winding-up petition presented against Grand State Investments Limited by a shareholder claiming a debt on the ground that the alleged debt was disputed on bona fide and substantial grounds. In addition, the court went on to hold that, had the petition not been struck out, it would have been stayed anyway in favour of arbitration.

Michael Snape Authors: Michael Snape | Nicholas Tam | Christopher Levers | Nour Khaleq

Cayman Islands | Ogier

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