Judgment
In re SPhinX Group of Companies (In Official Liquidation) - Judgment
FSD 0021/2014 (ASCJ) · 2014-07-23
Jurisdiction to convene scheme meetings where proponents are investors rather than JOLs; Whether Amendment Scheme constitutes a “compromise or arrangement” under Companies Law s.86; Whether JOLs may cede statutory fiduciary powers to Scheme Supervisors; Compatibility of Amendment Scheme with Cayman statutory liquidation regime; Court’s power to disband liquidation committee under CWR O.9 r.1; Class composition principles under s.86 and scheme practice directions; Court’s sanction principles: compliance, voting threshold, and fairness (Hawk; Telewest; National Bank dictums)
Full metadata
| Cause Number | FSD 0021/2014 (ASCJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Smellie CJ |
| Parties | In re SPhinX Group of Companies (In Official Liquidation) - Judgment |
| Judgment Date | 2014-07-23 |
| Subject | Jurisdiction to convene scheme meetings where proponents are investors rather than JOLs; Whether Amendment Scheme constitutes a “compromise or arrangement” under Companies Law s.86; Whether JOLs may cede statutory fiduciary powers to Scheme Supervisors; Compatibility of Amendment Scheme with Cayman statutory liquidation regime; Court’s power to disband liquidation committee under CWR O.9 r.1; Class composition principles under s.86 and scheme practice directions; Court’s sanction principles: compliance, voting threshold, and fairness (Hawk; Telewest; National Bank dictums) |
| Filename (current) | 14-07-23-Sphinx-Group-of-Companies-In-re.pdf |
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