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