Timothy Derksen

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Ascot Fund Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Michael Penner, as the Foreign Representative of Ascot Fund Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

BTU Power Company: Petition

Petition In the Matter of BTU Power Company (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Ritz-Carlton, Grand Cayman’s balance sheet shows insolvency of $340 m, court told

The Ritz-Carlton, Grand Cayman development appears to be insolvent by at least US$340 million, developer Michael Ryan and one of his many firms took out more than US$44 million from 2005 to 2012 in circumstances that are under investigation, and the "best hope" for unsecured creditors is a dividend of 2.5 cents on the dollar, according to information in a court ruling issued yesterday.

Cesar Hotelco (Cayman) Ltd. et al v. Michael Ryan et al: Ruling on Indemnity & Security for Costs

Ruling on Indemnity & Security for Costs in Cesar Hotelco (Cayman) Ltd., Cesar Properties Ltd., Condoco Grand Cayman Resort Ltd., Condoco Properties Ltd., and Endless Service Ltd. v. Michael Ryan, Orion Developers Ltd., Deckhouses Construction Company Ltd., I.R.R. Ltd., Endless Services Management Ltd., and BlueTip Watersports Ltd. at the Grand Court of the Cayman Islands.

Cesar Hotelco (Cayman) Ltd. et al v. Michael Ryan et al: Order Refusing Defendants’ Costs Security Application

Order Refusing Defendants' Costs Security Application in Cesar Hotelco (Cayman) Ltd., Cesar Properties Ltd., Condoco Grand Cayman Resort Ltd., Condoco Properties Ltd., and Endless Service Ltd. v. Michael Ryan, Orion Developers Ltd., Deckhouses Construction Company Ltd., IRR Limited, Endless Service Management Ltd., and Bluetip Watersports Ltd. at the Grand Court of the Cayman Islands.