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Can beneficial noteholders commence insolvency proceedings? Diverging views emerge across the offshore world
This article discusses the recent flurry of cases in the BVI, Hong Kong and the Cayman Islands determining the standing of individual bondholders to bring liquidation proceedings against issuers. It examines the reasons for the divergent outcomes of the cases, and the factors which may contribute to the success or failure of future actions.
1 JAN 2024
