Misled or defrauded shareholders may rank equally with creditors in liquidations of insolvent funds
Cayman Islands, Insolvency & Restructuring, Litigation, Ogier, House of Lords, Corporations Act 2001 (Australia), Insolvency Act 1986 (UK)
In Re Touradji Private Equity Master Fund Ltd, the Grand Court of the Cayman Islands made a supervision order in respect of three funds in voluntary liquidation, following applications by certain aggrieved investors and the joint voluntary liquidators, and over the objections of the investment manager.
Cayman Islands, Insolvency & Restructuring, Litigation, Ogier, Private equity, Liquidation, Companies Act, Cayman Islands Court of Appeal
Introduction
In the recent decision of Re Ascentra Holdings Inc.(in Official Liquidation), the Grand Court of the Cayman Islands has once again confirmed the significant scope of its sanction jurisdiction in the context of official liquidations under section 110(2) of the Companies Act.
Cayman Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Ogier, Sanctions, Companies Act