Cayman Proceeding definition

Cayman Proceeding means the case commenced by FTL Cayman's filing of a petition on December 30, 1999 in the Cayman Court (Cause No. 823 of 1999) for the appointment of two JPLs pursuant to the Cayman Islands Companies Law, Section 99.
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Cayman Proceeding means a parallel insolvency proceeding of PDCL in a court of competent jurisdiction in the Cayman Islands, commenced substantially simultaneously with the Chapter 11 Cases.
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Cayman Proceeding means the restructuring proceedings commenced by filing the Cayman Petition on or immediately after the Petition Date.
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Examples of Cayman Proceeding in a sentence

  • The proposed KEIP Participants fell into two categories: individuals whose responsibilities have increased due to the Chapter 11 Cases and the Cayman Proceeding, and individuals who oversee specific Arcapita Group portfolio companies.

  • A “foreign main proceeding” is defined, in chapter 15’s Definitions section, section 1502(4), as a “foreign proceeding pending in the country where the debtor has theIslands on August 28, 2007 clearly designates the petitioners as representatives of the Cayman Proceeding for the purposes of obtaining relief under Chapter 15.

  • On the Effective Date or, to the extent subject to the Cayman Proceeding, as soon as practicable after the Effective Date, all Existing CHC Interests and all options and other entitlements to purchase and/or receive Existing CHC Interests, and all instruments and documents evidencing the foregoing, shall be deemed surrendered and cancelled and obligations of the Debtors thereunder shall be discharged.

  • In addition, the Debtors, the Committee, the JPLs, and SCB reserved certain rights in relation to treatment under any chapter 11 plan or the use of what SCB argued was “trust property” in the Cayman Proceeding and the Chapter 11 Cases.

  • Pursuant to an order entered on May 31, 2013, the Grand Court of the Cayman Islands authorized the Plan insofar as it relates to the Cayman Proceeding, thereby demonstrating the Grand Court’s recognition of the Plan and acknowledgment of the significant cooperation between the Grand Court and this Court related to AIHL, and satisfying one of the key conditions precedent to the Effective Date of the Plan.

  • South Africa has elected the last day of February as the reporting period.

  • This undertaking was strictly voluntary and served to preserve assets to which the MP Funds have recourse sufficient to satisfy any ultimate final judgment and allow the Cayman Proceeding to run its course and has been complied with at all times.

  • For the reasons described below, the Cayman Proceeding is a foreign proceeding.

  • COMI The sole question disputed and litigated by the parties is whether the Cayman Proceeding can be recognized as a “foreign main proceeding.”9 A “‘foreign main proceeding’ means a foreign proceeding pending in the country where the debtor has the center of its main interests,” 11 U.S.C. § 1502(4), or COMI.

  • Further, in satisfaction of section 1515(c), the Foreign Representatives have filed, accompanying the Foreign Debtor’s Petition, a statement identifying the Cayman Proceeding as the only foreign proceeding with respect to the Foreign Debtor that is known to the Foreign Representatives, although the Joint Provisional Liquidators did apply for and obtain recognition of the Cayman Proceeding in Hong Kong to enable them to assert their powers in that jurisdiction.

Related to Cayman Proceeding

  • Criminal proceeding means a proceeding instituted by means of the swearing of an information, the laying of a charge or the return of an indictment, before a Court of competent jurisdiction in Canada with jurisdiction to hear and determine the charges referred to therein, alleging or charging that the "Insured" has contravened the provisions of any Provincial or Federal statute, including the Criminal Code, R.S.C. 1985 ch. C-46 as amended, which creates an offence or crime and which provides for conviction thereunder, whether by way of summary conviction or indictment, and as a result of which the "Insured" is liable to be convicted, fined or sentenced to some form of imprisonment or other punishment.

  • foreign proceeding means a collective judicial or administrative proceeding in a foreign State, including an interim proceeding, pursuant to a law relating to insolvency in which proceeding the assets and affairs of the debtor are subject to control or supervision by a foreign court, for the purpose of reorganization or liquidation;

  • Adjudicative proceeding means the procedure to be followed in contested cases, as set forth in RSA 541-A:31 through RSA 541-A:36.

  • ADR Proceeding means either an Arbitration or a Mediation.

  • Protective proceeding means a judicial proceeding in which a protective order is sought or has been issued.

  • Administrative proceeding means a non-judicial process that is adjudicatory in nature in order to make a determination of fault or liability (e.g., Securities and Exchange Commission Administrative Proceedings, Civilian Board of Contract Appeals Proceedings, and Armed Services Board of Contract Appeals Proceedings). This includes administrative proceedings at the Federal and State level but only in connection with performance of a Federal contract or grant. It does not include agency actions such as contract audits, site visits, corrective plans, or inspection of deliverables.

  • foreign main proceeding means a foreign proceeding taking place in the State where the debtor has the centre of its main interests;

  • criminal proceedings means criminal proceedings in relation to which the strict rules of evidence apply;

  • Proceeding means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding, such as a deposition), whether commenced or threatened.

  • Litigation means any action, suit or proceeding before any court, mediator, arbitrator or Governmental Authority.

  • Derivative proceeding means a civil suit in the right of a domestic corporation or, to the extent

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • CCAA Proceedings means the proceedings commenced by the Applicant under the CCAA as contemplated by the Initial Order;

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.

  • Official proceeding means any proceeding before a legislative, judicial, administrative, or other governmental agency or official authorized to take evidence under oath and includes any proceeding before a referee, hearing examiner, commissioner, notary, or other person taking testimony or a deposition in connection with an official proceeding.

  • third party proceeding means any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation.

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • Adjudicatory proceeding means a contested case, a proceeding that may culminate in a contested case, a petition for declaratory order, a petition for expedited resolution of a negotiability dispute, or any other proceeding which may require the board or its designee to issue a decision, order, or ruling.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Insolvency Proceeding means any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage Loan Borrower, except following a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage Loan Documents; provided, further, however, that for the purposes of this definition, in the event that more than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • Tribal Court means a court with jurisdiction over child custody proceedings and that is either a Court of Indian Offenses, a court established and operated under the code of custom of an Indian tribe or any other administrative body of a tribe that is vested with authority over child custody proceedings.

  • Disciplinary proceeding means an adjudicative proceeding permitted under this

  • civil proceedings means any proceedings in or before any court or tribunal that are not criminal proceedings;

  • Child custody proceeding means a proceeding in which legal custody, physical custody, or visitation with respect to a child is an issue. The term includes a proceeding for divorce, separation, neglect, abuse, dependency, guardianship, paternity, termination of parental rights, and protection from domestic violence in which the issue may appear. The term does not include a proceeding involving juvenile delinquency, contractual emancipation, or enforcement under Part 3 of this Article.

  • Formal proceedings means proceedings conducted before a judge with notice to interested persons.