Out of the Ordinary: The Meaning of 'Ordinary Course of Business' and Retrospective Validation of Post-Petition Dispositions
05 Sep 2011
A recent decision by the Grand Court of the Cayman Islands considered the meaning of 'ordinary course of business' and highlighted the risks involved in seeking retrospective validation on post-petition dispositions. Rebecca Collins and Aristos Galatopoulos discuss the approach adopted by the court in construing the meaning.
This article was first published in Butterworths Journal of International Banking and Financial Law in May 2011.
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