In the first seven months of this year alone, the international business court of the Cayman Islands concealed 21 insolvency petitions in which the liabilities collectively exceeded $1.2 billion, including five against companies listed on foreign stock exchanges. Their existence is only now known because the Court unsealed dozens of cases after OffshoreAlert’s exposé of its draconian secrecy practices.
Articles Banks & Trusts Cayman Islands China Featured Hong Kong Insurance Investment Jordan Legal Liquidations & Insolvencies Listed Securities Singapore United Arab Emirates USAAugust 30, 2018
Topics
Banks & Trusts Cayman Islands China Hong Kong InsuranceKeywords
Abacus Abraaj Group Anthony Smellie Auctus Fund Ltd. Bank El Etihad