Contact

Peter Hayden

Peter Hayden

Partner | Cayman Islands

Christopher Harlowe

Christopher Harlowe

Partner | Cayman IslandsLondon

Update

Independence of liquidators: Perception of the fair minded stakeholder

05 October 2015

The Grand Court of the Cayman Islands (the Court) recently endorsed the test articulated in the matter of Hadar Funds Ltd (in Voluntary Liquidation) in relation to the independence or otherwise of proposed joint official liquidators, confirming that the test to be applied in assessing the independence of liquidators is whether or not the Court considers that fair minded stakeholders are justified in being reasonably concerned that the liquidators operate under a conflict of interest.  

Contact

Peter Hayden

Peter Hayden

Partner | Cayman Islands

Christopher Harlowe

Christopher Harlowe

Partner | Cayman IslandsLondon

About Mourant

Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.

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