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Company – Compulsory winding up. The Privy Council, in dismissing an appeal by liquidators of a company incorporated in the Cayman Islands, held that, although the Bermuda court had a power to make an order against persons subject to its personal jurisdiction in favour of foreign liquidators for production of information for the purpose of identifying and locating assets of the company, provided they had a similar right under the domestic law of the court which appointed them, the material which the liquidators sought in Bermuda would not be obtainable under the law of the Cayman Islands pursuant to which the winding up was being carried out there.
Company – Compulsory winding up. The Privy Council, in dismissing an appeal by liquidators of a company incorporated in the Cayman Islands, held that, although the Bermuda court had a power to make an order against persons subject to its personal jurisdiction in favour of foreign liquidators for production of information for the purpose of identifying and locating assets of the company, provided they had a similar right under the domestic law of the court which appointed them, the material which the liquidators sought in Bermuda would not be obtainable under the law of the Cayman Islands pursuant to which the winding up was being carried out there.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
