Matter

Grand State Investments Limited

Grand State's share-redemption dispute with D. E. Shaw, with Cayman winding-up proceedings addressing the claimed debt and a request for an arbitration stay.

Jurisdiction and arbitration agreements
Cross-border insolvency

28 April 2021Cayman Islands
28 April 2021Cayman Islands
Judgment concerning Grand State Investments Limited
Grand Court of the Cayman Islands
Decision summary
The Grand Court of the Cayman Islands struck out the winding-up petition against Grand State Investments Limited as an abuse of process because the alleged debt and insolvency were subject to a bona fide and substantial dispute. The court dismissed the application for provisional liquidators and ordered the petitioner to pay costs.
Source

Procedural record