Hayden Morgan Cayman Islands: Grand Court Adopts Vitol Rule for Post-Judgment Asset Disclosure (Global Capital Partners) In Global Capital Partners LLC v Alpha Carta, Ltd [2026] CIGC (FSD) 72, Justice Asif formally aligned Cayman practice with the English High Court's Vitol doctrine. The Financial Services Division conf... Cayman Freezing Order Liquidation
Hayden Morgan Cayman Islands: Grand Court Sanctions US$11.9B Logan Group Restructuring Scheme (Re Logan Group) 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 cla... Cayman Equitable Interest
Hayden Morgan Cayman Islands: Grand Court Upholds Negotiated Merger Price in s. 238 Appraisal (Re 58.com) In In the matter of 58.com, Inc [2026] CIGC (FSD) 31 , Chief Justice Margaret Ramsay-Hale determined that the US$56 per ADS negotiated merger price represented fair value in a take-private appraisal d... Cayman Litigation Merger
Hayden Morgan Cayman Islands: Grand Court Applies Order 24 Rule 7A Non-Party Discovery (Tianrui) The Financial Services Division (FSD) of the Grand Court delivered its inaugural ruling interpreting Grand Court Rules Order 24, Rule 7A in Tianrui (International) Holding Co Ltd v China Shanshui Ceme... Cayman Discovery Litigation
Hayden Morgan Cayman Islands: Proof of Debt Submission Equals Jurisdictional Submission (Conway v Air Arabia) In Conway v Air Arabia [2026] CICA (Civ) 10 (arising from the Abraaj liquidation), the Cayman Islands Court of Appeal confirmed that a foreign creditor who lodges a proof of debt implicitly submits to... Cayman Litigation
Hayden Morgan Cayman Islands: Grand Court Refuses LP Specific Discovery Against GP (Thalassa Investments) In Thalassa Investments LP [2026] CIGC (FSD) 32, the Financial Services Division of the Cayman Grand Court refused an application by limited partner (LP) petitioners for specific discovery from a gene... Cayman Litigation
Hayden Morgan Cayman Islands: High Threshold Re-Affirmed for Open Justice Derogations (Fundbank) In Fundbank Ltd v Accurso [2026] CIGC (Civ) 9 (published 23 July 2026 / analysis released late August 2026), Acting Justice Walters dismissed a defendant's application for broad file-sealing and confi... Cayman Litigation
Hayden Morgan Cayman Islands: CICA Restricts Administrative "Paper" Winding-Up (PetroSaudi) The Cayman Islands Court of Appeal (CICA) handed down its decision in In the Matter of PetroSaudi International [2026] CICA (Civ) 14, setting aside two first-instance Grand Court orders arising from i... Cayman Insolvency
Hayden Morgan Cayman Islands: Court of Appeal Overturns Paper Winding-Up in 1MDB Fraud Dispute (In re PetroSaudi International) The Cayman Islands Court of Appeal (CICA) has handed down its decision in In the Matter of PetroSaudi International [2026] CICA (Civ) 14. The appeal arose in connection with international recovery eff... Cayman Litigation
Hayden Morgan UK High Court & Offshore Fund Nexus: PE Continuation Vehicle Asset Transfers Voided (Cedar Mundi) The High Court of England and Wales (Commercial Court) has handed down judgment in Cedar Mundi (Holding) SAL v Bassel Attieh and others [2026] EWHC 1820 (Comm), setting aside two transactions that pur... BVI Cayman Litigation UK
Hayden Morgan Cayman Islands: Provisional Liquidations Pending Foreign Arbitration & Statutory Restructuring Officers 1. Provisional Liquidators Appointed Pending Arbitration ( Peakwave ) In Peakwave Investment Management Ltd v Energy Evolution GP Ltd [2026] CIGC (FSD) 7, the Financial Services Division (FSD) of the ... Cayman Insolvency
Hayden Morgan Cayman Islands: FSD Grants Proprietary Injunction Over Private Wealth Asset Transfers (Charitable DAF HoldCo) In Charitable DAF HoldCo Ltd [2026] CIGC (FSD), Mr Justice Parker sitting in the Financial Services Division of the Cayman Islands Grand Court delivered a detailed judgment regarding proprietary injun... Cayman