Snapshot — highlights from analysis of Cayman petition filings 2008–13

By Tony Heaver-Wren and Jeremy Walton

This Snapshot report sets out our analysis of petition filings in the Cayman Islands in 2013 against the backdrop of the prior five years and covers the following categories of petitions: winding up; conversion of voluntary liquidation to court-supervised liquidation; schemes of arrangement; and capital reduction.

There are a number of key findings from our analysis: there were more petition filings (across all categories) in 2013 than in each of the preceding two years; winding-up petition filings in 2013 were up 26 per cent when compared with 2012 and up 81 per cent compared with the 2011 filings; in 2013 there was also a 50 per cent increase, compared with 2012, in the number of petitions for conversion of voluntary liquidation to court-supervised liquidation based on insolvency grounds; taken together, winding-up petitions and petitions for conversion of voluntary liquidation to court-supervised liquidation increased by 33 per cent in 2013 when compared with 2012; schemes of arrangement picked up in 2013 as well, having reached their lowest point in the review period in 2012; and the number of share capital reduction petitions in 2013 was consistent with the annual number of these filings, across the period…

If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Appleby

View more briefings from Appleby

Analysis from The Lawyer

View more analysis from The Lawyer


1st Floor
3 Copthall Avenue

Qualified lawyers: 223
Partners: 59