Yes, in In the Matter of Aubit International the company’s restructuring officers (RO) petition was dismissed because there was no credible evidence of a rational restructuring proposal with reasonable prospects of success and the purpose of appointing ROs was not a proper use of the restructuring regime. The Cayman Court therefore lacked jurisdiction to grant the order. This case is a reminder that companies should only apply for the appointment of ROs if confident they can adduce the required evidence. Failure to do so would make the company ripe to be wound up given that it would have had to admit inability to pay is debts as part of its RO application (see our Q3 article for further details on the RO regime, or revisit our previous articles on this case for further information: In the Matter of Aubit International and Intention Matters in the Matter of Aubit International).