Esteemed in international finance for their stability, tax neutrality, and professional infrastructure, The Cayman Islands legal and financial ecosystem, is bolstered by a robust insolvency and restructuring regime, prioritizes creditors’ rights and ensures transparency in proceedings. The jurisdiction empowers creditors, recognizes international claims, and mandates directors to consider creditors’ interests in insolvency scenarios.  Join Broadhurst LLC’s Partner, Ian […]

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Join Digital Sponsor Kyle Broadhurst of Broadhurst LLC and partner Richard Parish in a brief overview discussing crypto in insolvency and the issues of knowing who it belongs to. The article highlights the confusion caused by the lack of regulatory guidance currently in place, as Kyle states, “….at least seven different jurisdictions approaching the treatment of crypto assets in […]

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Insolvency – Crypto How is cryptocurrency treated as an asset in a bankruptcy proceeding in your jurisdiction? While the Cayman Court has not yet had the opportunity to rule on the matter, it is highly likely that cryptocurrencies will be treated as property of the company which the liquidators are empowered to collect and which […]

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The Cayman Islands restructuring regime will continue to be on the cutting edge and enhanced whenamendments to the Cayman Islands restructuring laws come into force on 31 August 2022. Some keyhighlights and features of the new regime include:• Allowing a company through its directors to restructure under the supervision of a qualifiedinsolvency practitioner (the “Restructuring […]

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A judgment from the United States is generally enforceable in the Cayman Islands and is categorized as a foreign judgment. A judgment creditor of a US Judgment (“Creditor”) can sue the US judgment debtor (“Debtor”) in the Cayman Islands on the judgment debt flowing from the US Judgment as an unpaid debt obligation in a […]

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Broadhurst LLC attended the Cayman Islands Red Cross Golf Tournament , which was held at the North Sound Golf Club. Great time supporting the Cayman Islands Red Cross at their golf tournament last week and for a good cause Colleagues Kyle Broadhurst, Joseph Romano, Kirstin Micucci, and Jodie O’Mahony attended the event.

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By Compass Contributor -April 3, 2022 IDG is a leading interior design consultancy in the Cayman Islands for the scope of what it can achieve for clients, including boutique corporations like Broadhurst LLC, from concept to design and build. IDG has a holistic vision and mission to design spaces that are a true reflection of the people […]

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11 August, 2020 A recent decision of the Grand Court has brought the issue of annulments (sometimes known as “nullity”) to the fore of matrimonial law and is a timely reminder to not overlook that potential relief as well as the particular legal rules governing the topic.  Annulments, like divorce, are governed by the Matrimonial […]

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20 August, 2020 In a recent judgment of the Grand Court1, Kawaley J confirmed the Court’s jurisdiction to extend the definition of “assets” in a worldwide freezing order to include those assets held directly and/or indirectly by a party through its subsidiaries, as well as confirming the power of the Court to order full ancillary […]

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18 September, 2020 Key Takeaway In a recent judgment of the Grand Court (Anna Bennett (Personal Representative of Mr George McIrvin Deceased) v. Mr Peter Right – P105 of 2018 (Unreported)), McMillan J set aside a default judgment after having found that there had been an inadequacy and a deficiency in complying with O.13, r.7 of […]

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20 August, 2021 A recent judgment of the Grand Court[1] has served as a reminder to parties that the appointment of provisional liquidators to a company is treated by the Court as a “serious step” for which an applicant bears a “heavy and onerous burden” in satisfying the Court that such an appointment is warranted. Key […]

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