Offshore jurisdictions such as the Cayman Islands offer a flexible company law regime that is attractive for those looking to save ailing businesses through debt-for-equity swaps, says Robert Duggan
Zombies are increasingly a feature of teen fiction, much as zombie companies are becoming a regular feature of our post-crisis business world. And as in popular fiction, banks, investors and other business executives are trying to work out just what to do with them: should life be breathed into them, should they be killed off or is their ‘undead’ status largely harmless?
