Articles Canada Cayman Islands FeaturedOctober 31, 1997

Cayman court enforces foreign judgment

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27 years ago

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Canada Cayman Islands

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Anthony Smellie Socoa International

In a ruling that could have implications for other offshore ‘paper’ companies registered in the Cayman Islands and operated elsewhere, the Grand Court of the Cayman Islands has allowed the enforcement of a foreign judgement against a Cayman entity called Socoa International.The Grand Court rejected one of the main defence arguments that to allow the enforcement of a foreign judgement would be against the national interests of the Cayman Islands and ruled that the Canadian judgement could be enforced without the plaintiff having to prove its case all over again in Cayman.