Cayman Islands: Restoration to the register of companies and winding up order
In the recent judgment of In the Matter of Margara Shipping Limited the Cayman Islands Grand Court provided some useful guidance on the basis on which a company can be restored to the Register of Companies and subsequently wound up pursuant to section 159 of the Companies Act (2021 Revision) and the Grand Court Rules (2022 Consolidation), Order 102, Rule 18.