Primeo v HSBC: Cayman Court delivers Madoff judgment
By Sarah Twohig William Fry From Lexology Cayman Islands September 4 2017 On 23 August 2017, the Grand Court of the Cayman Islands delivered a landmark judgment in Primeo Fund (in Official Liquidation) (Primeo) v Bank of Bermuda (Cayman Limited)…
Caribbean News Events iBusiness iCommunity iCrime iFinance iLocal News iWorld News News Publisher's Choice
Pearson v. Primeo Fund (Cayman Islands) [2017] UKPC 19
From Ashfords LLP Cayman Islands July 25 2017 The Privy Council sitting as the final court of appeal for the Cayman Islands recently considered a case concerning prioritisation in a Liquidation between feeder hedge funds where the investment medium was…
UK’s Privy Council confirms Cayman Islands GC decision ‘redeemed’ Madoff investors are creditors
By Helen Burggraf From International Investment In what has been called a decision “of significant interest to the fund industry”, the UK’s Privy Council has upheld a ruling by the Cayman Islands Grand Court which held that redeemed but unpaid investors…
Madoff case ruling means some offshore funds protected
From Offshore Bankers A ruling in a bankruptcy case in a federal court in New York involving fraudster Bernard Madoff and the Koch brothers, U.S. billionaires known for funding conservative causes, has put some offshore funds out of reach of…
Cayman Islands: More clarity on redemption rights for distressed funds
By Robert Searle DEACONS From Lexology When Cayman Islands funds undergo liquidity stress on their balance sheet due to holding illiquid assets or irregular large redemption requests, directors of Cayman Islands funds generally consider mechanics to provide for an orderly…
John Harris joins Higgs & Johnson partnership in the Cayman Islands
The Partners of Higgs & Johnson wish to announce that Mr. John M. Harris has been admitted into the partnership as at 1st January 2016. John, who joined the firm in 2010, specializes in commercial litigation with an emphasis on…
