Calum and Luke have been wanting to share this episode for a while now. It was great to catch up with Ben Hobden of Forbes Hare - a leading and highly regarded restructuring and insolvency lawyer in the Cayman Islands. Here it is:
Administration and insolvency proceedings are on the rise. This was before the horrific events in Eastern Europe of the past week, which have caused major turmoil on global markets and remain front of mind for us all. Of course, the pandemic had a significant impact on a variety of businesses, and not uniformly so. Some businesses have benefitted and many have not. This plays into the rising prominence of administration and insolvency law, globally.
Ben takes us through the recent decisions in the Silver Base matter. This shines a spotlight on administrative proceedings in the Cayman Islands, the interaction with the Hong Kong jurisdiction, questions of comity, and how the Cayman Islands is viewed as a serious jurisdiction of choice for incorporation, with a robust legal system. The nuance involved in the judgment, which we discuss, is evidence of this.
These decisions also provide an excellent platform to look at new upcoming legislative changes in the Cayman Islands. Those changes should provide greater certainty to parties, creditors and other stakeholders looking to this jurisdiction.
Ben - thank you very much for your time and getting involved in Case by Case. Really enjoyed catching up with you!
Read more about Ben here: https://forbeshare.com/team/ben-hobden-partner-litigation-and-insolvency-forbes-hare-cayman-islands/