Skye Assets Fund Spc: Pressing the pause button on a voluntary liquidation
In the recent judgment involving Skye Assets Fund SPC (in voluntary liquidation), the Grand Court of the Cayman Islands considered an application brought by an interested party for the deferral of the liquidation of the company pending the determination of a petition for a court-supervised liquidation. The Court considered (i) the relief sought by the petitioner and (ii) the possible abuse of court process.