Company law, International / offshoreTuesday 8 October 2024
On 3 October 2024 the Grand Court of the Cayman Islands (FSD) granted a case management stay of a just and equitable winding up petition in the case of Re TFKT True Holdings pending the resolution of separate proceedings in Hong Kong between the same parties to the petition. The judgment of Hon Justice David Doyle contains a comprehensive survey of the now very well-developed Cayman law on case management stays, which has become a very important aspect of Cayman procedural law.
Thomas Grant KC, instructed by Anna Peccarino, Ian Huskisson and Ray Ng of Travers Thorp Alberga, acted for the successful respondent.
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