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Introduction
u003cp style=u0022text-align: justify;u0022u003eOur lawyers play a leading role in some of the high-profile insolvency related cases which are cross-border in scope and require efficient coordinated advice.u003c/pu003ernu003cp style=u0022text-align: justify;u0022u003eThese entities often face complex problems in dealing with enforcement of security, asset tracing, schemes of arrangement and other Court driven restructurings.u003c/pu003ernu003cp style=u0022text-align: justify;u0022u003eLoeb Smith provides the necessary Cayman Island and British Virgin Islands law expertise to resolve these issues.u003c/pu003e
Our Insolvency and Corporate Restructuring team is highly experienced in:
u003culu003ern tu003cliu003eDebt u0026amp; Equity Rescheduling u0026amp; Refinancingu003c/liu003ern tu003cliu003eDistressed situations, distressed asset investing, distressed Mu0026amp;Au003c/liu003ern tu003cliu003eDistressed funds and private equityu003c/liu003ern tu003cliu003eFunds restructuringu003c/liu003ern tu003cliu003eBanking and corporate restructuring and reorganizationu003c/liu003ern tu003cliu003eWinding-up proceedingsu003c/liu003ern tu003cliu003eLiquidationsu003c/liu003ernu003c/ulu003e
u003culu003ern tu003cliu003eSolvent and insolvent restructuringu003c/liu003ern tu003cliu003eMember and creditor schemes of arrangement/creditors’ rightsu003c/liu003ern tu003cliu003eCross-border issuesu003c/liu003ern tu003cliu003eContentious and non-contentious insolvenciesu003c/liu003ern tu003cliu003eConstructive trust proceedingsu003c/liu003ern tu003cliu003eInvestor and shareholder rightsu003c/liu003ern tu003cliu003eNegligence and breach of duty claimsu003c/liu003ernu003c/ulu003e
u003culu003ern tu003cliu003ePolicies and best practiceu003c/liu003ern tu003cliu003eStatutory remediesu003c/liu003ern tu003cliu003eAppointment and removal of liquidators, receivers, and provisional liquidatorsu003c/liu003ern tu003cliu003eEnforcement of securityu003c/liu003ern tu003cliu003eAsset recoveryu003c/liu003ernu003c/ulu003e
News and Insights
Corporate Rescue in the British Virgin Islands
In the British Virgin Islands (“BVI”), there are three main ways that a company can restructure or reorganize. These are…
BVI treatment of DAOs in insolvency
By way of an update on our recent publication (which can be found here) that the Financial Action Task Force (FATF) had determined that the Cayman Islands has substantively fulfilled its action plan, and following completion of a recent on-site visit by the FATF, the Cayman Islands has…
Loeb Smith Attorneys Advises Alpha Technology Group Limited and Lion Group Holding Ltd in their Share Capital Restructuring
Hong Kong (January 9, 2025) Loeb Smith Attorneys, one of the leading offshore corporate law firms with a strong growing presence in the APAC region, has recently advised Alpha Technology Group Limited (Nasdaq: ATGL), a British Virgin Islands company, and Lion Group Holding Ltd (Nasdaq: LGHL), a Cayman…
Cayman Islands: The New Regime For Restructuring Officers.
On 31 August 2022, the Cayman Islands introduced the restructuring officer regime by making certain amendments to the Cayman Islands Companies Act. Please see link below to an article first published in IFC Review where Gary Smith and Robert Farrell consider the benefits of the Regime now that…
Aubit International: Guidance on the Appointment of Restructuring Officers in the Cayman Islands
In August 2022, the Cayman Islands introduced the restructuring officer regime (the “Regime”) by amending the Cayman Islands Companies Act (the “Act”). Please see our previous briefings on this subject here. By way of summary, the Regime permits the presentation of a petition by a company for the…
Cayman Islands Court provides further guidance on the insolvency considerations for Segregated Portfolio Companies
The Grand Court of the Cayman Islands has recently offered additional, useful guidance in the growing jurisprudence on the insolvency of Segregated Portfolio Companies (“SPCs”). We have previously discussed the applicable test of insolvency that applies to the appointment of a receiver in respect of a segregated portfolio…
