In Re Logan Group Company Limited [2026] CIGC (FSD) 65, Mr Justice Doyle sanctioned a major scheme of arrangement compromising approximately US$11.9 billion in offshore notes, loans, and guarantee claims. The scheme operates inter-conditionally with a parallel Hong Kong scheme sanctioned by the Hong Kong High Court.
- Class Constitution & Interest Treatment: The Court affirmed its convening ruling that varying ratios of default and accrued interest among creditors do not fracture the single scheme class, rejecting arguments that separate interest-based classes were required.
- Deference to Commercial Majority: The Court held that where sophisticated, financially astute creditors in a properly constituted class vote overwhelmingly in favour (98.7% by number and 89.3% by value), the court should be "slow to look for obstacles and fast to respect the will of the majority".
- Source: Read South Square's analysis of Re Logan Group Company Limited (Sanction Hearing).
Cayman Islands: Grand Court Sanctions US$11.9B Logan Group Restructuring Scheme (Re Logan Group)