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Cayman Islands Litigation Guide 2021 (Chambers) - Litigation, Mediation & Arbitration

striking out of pleadings; and
judgments in default of
acknowledgment of service or defence.
Early Judgment Applications
Can a party apply for (i) early judgment on some or all of the
issues in dispute, or (ii) the other party s case to be struck
out before trial or substantive hearing of the claim? What is the
timing, applicable procedure and legal standard for such
applications/motions?
Summary judgment
Both the plaintiff and the defendant can apply for summary
judgment on the other party s case under the provisions of
Order 14 of the Grand Court Rules. For the plaintiff this can be a ....

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Law And Practice Cayman Islands - Insolvency/Bankruptcy/Re-structuring

schemes of arrangement.
It is also possible for receivers to be appointed over Cayman
Islands companies, either by the Grand Court or by a creditor of
the company with suitable security.
2.3 Obligation to Commence Formal Insolvency
Proceedings
If a Cayman company is insolvent or of doubtful solvency, its
directors have a fiduciary duty to act with regard to the interests
of its creditors. Therefore, in these circumstances they must have
regard to whether it is in creditors interests for insolvency
proceedings to be instigated.
Directors also have a duty to commence insolvency proceedings if
directed to do so by a resolution of the shareholders or a ....

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