In the recent decision of In the Matter of Tyr Capital Partners SPC Ltd, the Grand Court of the Cayman Islands considered an application by Tyr...
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Maroc - HARNEYS.COM - A La Une - 09/Sep 18:16
Beware the “non petition” clause
In the recent decision of In the Matter of Tyr Capital Partners SPC Ltd, the Grand Court of the Cayman Islands considered an application by Tyr Capital Partners SPC Ltd (the Fund) seeking an order that a winding up petition issued by TGT GP (the Petitioner) against the Fund be struck out pursuant to section 95(2) of the Companies Act (2023 Revision) which provides that where a petitioner is contractually bound not to present a winding-up petition, the court shall dismiss or adjourn the hearing of the petition.
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