The companies’ restructuring regime in the Cayman Islands has undergone a significant change in 2022. In a welcome development for the jurisdiction, the Companies Amendment Act 2021 (which commenced on 31 August 2022), allows a debtor to seek the appointment of a restructuring officer (a newly-created role), supported by a worldwide moratorium, with a view to allowing a company to restructure its debts through a refined scheme of arrangement. Dillon Eustace Cayman are ready and able to provide practical, speedy and cost-effective advices to shareholders, directors, creditors, liquidators and liquidation committees concerning their respective rights when a company or group of companies is in financial difficulty.