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Peter Hayden

Peter Hayden

Cayman Islands
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Christopher Harlowe

Christopher Harlowe

Cayman Islands
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Jonathon Milne

Jonathon Milne

Cayman Islands
Counsel

Update

Independence of liquidators: Perception of the fair minded stakeholder

[Dynamic date]

05 October 2015

The Grand Court of the Cayman Islands (the Court) recently endorsed the test articulated in the matter of Hadar Funds Ltd (in Voluntary Liquidation) in relation to the independence or otherwise of proposed joint official liquidators, confirming that the test to be applied in assessing the independence of liquidators is whether or not the Court considers that fair minded stakeholders are justified in being reasonably concerned that the liquidators operate under a conflict of interest.  

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