Vol 15 (2018) - Issue 3

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Shining a Light on Validation Orders: An Overview of Validation Orders in Cayman Insolvency Proceedings

Synopsis
A recent judgment of the Cayman Islands Court of Appeal has provided certainty for directors, general partners and insolvency practitioners with respect to the principles that the Cayman Islands Courts will take into account in determining whether to grant a validation order in the context of Cayman Islands winding up proceedings. This article provides an overview of validation orders in Cayman Islands insolvency proceedings and a summary of the relevant factors to consider when making an application seeking a validation order.