Section 154Part 5 — Company Restructuring and Winding UpAmended
Insolvency Rules Committee
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Amended by LG72/S3
There shall be established an Insolvency Rules Committee comprising —
the Chief Justice or other judge nominated by the Chief Justice in that person’s place who shall be chairperson ;
the Attorney General or that person’s nominee;
two attorneys - at - law appointed by the Chief Justice on the recommendation of the Cayman Island s Legal Practitioner s Association;
a qualified insolve ncy practitioner appointed by the Chief Justice upon the recommendation of the Cayman Islands Institute of Professional Accountants;
a person appointed by the Chief Justice who, in that person’s opinion, demonstrates a wide knowledge of law, finance, financial re gulation or insolvency practice; and
a qualified insolvency practitioner appointed by the Chief Justice on the recommendation of the Recovery and Insolvency Specialists Association.
The quorum of the Insolvency Rules Committee shall b e the chairperson and three other members of the Committee; and the chairperson shall have a casting vote.