CAMAC International Limited – in official liquidation

Type of engagement

Official liquidation.

Jurisdiction

Cayman.

Situation

The company is a holding company with subsidiaries in the Cayman Islands and various African countries. A creditor petitioned the Grand Court of the Cayman Islands to wind the company up by virtue of an arbitration award that it had obtained at the London Court of International Arbitration. The company was subsequently placed into official liquidation in the Cayman Islands with Tammy Fu and Eleanor Fisher appointed as joint official liquidators (JOLs). The JOLs sought and obtained Chapter 15 recognition of their appointment in the United States Bankruptcy Court, Southern District of New York.

Key Facts

• Reported group assets of approximately US$829 million

Outcome

This assignment is ongoing.

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