There continues to be numerous issues surrounding the “creditor/investor” debate in fund’s litigation. There have been a number of cases of particular note. First of all Citco Global v Y2K Finance where a winding up petition was brought on two basis. First of all, alleged improper redemption payments made by the fund prior to the suspension of redemptions.
British Virgin Islands, Capital Markets, Insolvency & Restructuring, Litigation, Harneys, Share (finance), Shareholder, Dividends, Memorandum of understanding, Market liquidity, Liquidation, Articles of association, Liquidator (law)
In recognition of the new BVI Commercial Court, Harneys is publishing quarterly Commercial Court case notes which summarise some of the more important judgments delivered by the Court.
Appropriation
British Virgin Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Harneys, Share (finance), Ex parte, Liquidator (law), Court of Appeal of England & Wales, Commercial Court (England and Wales)