In the recent decision of In the Matter of Holt Fund SPC, the Cayman Islands Grand Court confirmed for the first time that it has jurisdiction to wind...
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Maroc - HARNEYS.COM - A La Une - 09/Sep 18:15
Restructuring officer regime applies to segregated portfolios
In the recent decision of In the Matter of Holt Fund SPC, the Cayman Islands Grand Court confirmed for the first time that it has jurisdiction to wind up a segregated portfolio company (SPC) based on the insolvency of one or more (but not all) of its segregated portfolios, and accordingly restructuring officers could be appointed in relation to those segregated portfolios.
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