Update
Rectification and distribution of fund interests and assets
[Dynamic date]
27 February 2018
The recent judgment of the Cayman Islands Court of Appeal (the CICA) in the representative proceedings between Primeo Fund (in official liquidation) (Primeo) and the Additional Liquidator (Additional Liquidator) of Herald Fund SPC (in official liquidation) (Herald) considers and addresses how distributions should be made to investors from a Cayman Islands' fund.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
