Client Advisories
Sign up here to receive updatesOut with the Hould: landmark decision paves the way for shareholder misrepresentation claims against companies in liquidation
07 Jul 2023In a significant decision for the Cayman Islands in In The Matter of HQP Corporation Ltd (in Official Liquidation) (FSD 190 of 2021 (DDJ)), the Grand Court has clarified that there is no bar to shareholders bringing claims for misrepresentation against a company in liquidation and, further, that such claims (if admitted) will rank as unsecured debts of the company.
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The Port Fund: Limited Partner Joinder and General Partner Interim Receivership
01 Jun 2023In a judgment delivered on 25 May 2023, the Grand Court of the Cayman Islands ordered the joinder of two plaintiff limited partners of The Port Fund L.P. as defendants to a crossclaim which had been filed against the general partner of the Fund, and appointed interim receivers over the GP to manage litigation related to the GP and the Fund, notwithstanding the GP was in voluntary liquidation.
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Updated Rules and Statement of Guidance on Corporate Governance for Mutual Funds and Private Funds
10 May 2023In April 2023, the Cayman Islands Monetary Authority issued a new Statement of Guidance on Corporate Governance for Mutual Funds and Private Funds and Rule on Corporate Governance for Regulated Entities. The Rule and SOG will replace the existing corporate governance regulatory measures.
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