Following a 3-week trial of a just and equitable winding up petition, the Grand Court of the Cayman Islands has handed down judgment in Re Position Mobile Ltd SEZC [2026] CIGC (FSD) 10.

Doyle J held that the winding up threshold had been met due to a lack of probity in the conduct of the Company’s affairs on behalf of the majority shareholder and their appointed directors. The decision is one of the rare cases in the Cayman Islands that a buy-out order was deemed to be the most appropriate remedy. It also contains an interesting application of the principles in Scottish Co-operative Wholesale Society Ltd v Meyer [1959] AC 324.

James Anson-Holland was instructed by Michael Wingrave and Jack Stringer at Dentons to assist with the trial on behalf of the successful Petitioner, Technology Investment Consortium LLC.

Read the full judgment here.