Cayman Islands General Update

This panel focuses on the amendments to the Companies Act (particularly the implementation of the restructuring officer role); choice of appointee and appointee independence (Re Adamas Heracles Multi-Strategy Fund and Re Adamas Asian Origin Fund SPC/Re Global Fidelity Bank Ltd.); segregated portfolio companies, including alternative schemes for proving debts in liquidation (Re Premier Assurance Group SPC) and other SPC issues (i.e., apportioning fees and expenses among SPC and segregated portfolios); and other new cases.