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Contingent liabilities: points for the Cayman Islands voluntary liquidator to consider

Overview

A liquidator is generally concerned with admissibility to proof of contingent liabilities in an entity's liquidation and its creditors' entitlement to attend and vote at meetings of the entity.


This briefing:



  • Explains why contingent liability is a matter for careful consideration by a voluntary liquidator

  • Looks at how entities report contingent liabilities; and

  • Sets out key challenges for Cayman liquidators.