Update

Not Merely Shadowy Figures – In Re Exten Investment Fund et al

This decision represents the first time the wording of s. 151(3) of the Companies Law in its current form has been considered by the Cayman court. It confirms that Cayman will adopt the generous approach taken in other commonwealth countries on the issue of who is considered to be interested in deferral applications. The decision also informs the definition of a contingent creditor in the context of who can present a winding up petition and apply for a supervision order.