RE: Adjourning a winding up Petition - No immediate tangible benefit.29 Oct 2020 23:46
Interesting article from Lexology, especially given the release date:
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Marc KishGemma LardnerOliver PayneJeremy Snead
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Cayman Islands October 16 2020
Introduction
It is trite law that where a petition debt is disputed in good faith and on substantial grounds, the ordinary practice of the Court is to dismiss or strike out the winding up petition. However, this principle is more easily applied in theory than in practice. As a result, the Grand Court of the Cayman Islands has observed recently that "It is remarkable how much case law has been generated in relation to a legal test which has essentially been settled for many years" (Re Sky Solar Holdings Ltd).