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Silicon Valley Bank (Cayman Islands Branch), (in Official Liquidation)
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February 23, 2024
A bankruptcy judge in New York has dismissed a petition from the Cayman Islands branch of Silicon Valley Bank that sought U.S. recognition of its Cayman insolvency proceedings, finding that it is not eligible to file a Chapter 15 petition.
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January 31, 2024
Liquidators of the Cayman Islands branch of defunct Silicon Valley Bank and U.S. bank regulators faced harsh questions on Wednesday from a New York bankruptcy judge as the liquidators sought the ability to conduct discovery regarding the fate of $477 million in deposits.
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January 19, 2024
The Cayman Islands unit of Silicon Valley Bank filed for Chapter 15 protection in New York, saying it needs authority to obtain documents from federal regulators about the status of its $866 million of customer deposits following the parent bank's 2023 collapse.