In the Matter of Axia Network Foundation (In Voluntary Liquidation)
The Cayman Islands Grand Court’s decision in In the Matter of Axia Network Foundation placed two crypto-focused companies’ voluntary liquidations under court supervision under section 131 of the Companies Act.
- Published
- in Analysis & Insights
Nick Herrod and Tiana Ritchie examine the Cayman Islands Grand Court’s decision in Axia Network Foundation (In Voluntary Liquidation), where two crypto-focused companies’ voluntary liquidations were brought under court supervision under section 131 of the Companies Act—highlighting the potential efficiency, investigatory, and cross‑border recognition advantages of court‑supervised liquidations in complex, multijurisdictional cases.
This article first appeared in Volume 22, Issue 6 of International Corporate Rescue and is reprinted with the permission of Chase Cambria Publishing.
