Cayman Liquidators: use of discretionary powers
01 November 2016
The Cayman Islands Court of Appeal has held that there was no jurisdiction to order Cayman liquidators to exercise their liquidation powers under sections 103 and 138 of the Companies Law and/or the common law to gather in information and documentation, for the purpose of collecting evidence for discovery in proceedings, through an application for a letter of request to obtain documents from foreign third parties.
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