In the matter of Asia Momentum Fund (SPC) Ltd (In Voluntary Liquidation) [2022] CIFsd 24 (06 April 2022)

The court confirmed that the voluntary liquidation should proceed in accordance with the statutory framework for winding up companies in the Cayman Islands.

Citation: [2022] CIFsd 24
Parties: Company in Liquidation: Asia Momentum Fund (SPC) Ltd (In Voluntary Liquidation)
Jurisdiction: Cayman Islands
Judgment Date: 06 April 2022
Procedural Posture: Winding Up / Liquidation / Application in Voluntary Liquidation
Outcome: Application granted
Legal Topics: Voluntary Liquidation, Winding Up, Fund Liquidation

Insolvency Company Law Voluntary Liquidation Winding Up Fund Liquidation

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Parties

Asia Momentum Fund (SPC) Ltd (In Voluntary Liquidation)

Company in Liquidation

Procedural Posture

Winding Up / Liquidation / Application in Voluntary Liquidation

Legal Issues

1 Whether the voluntary liquidation of Asia Momentum Fund (SPC) Ltd should proceed under the applicable Cayman Islands law

Ratio Decidendi

The court confirmed that the voluntary liquidation should proceed in accordance with the statutory framework for winding up companies in the Cayman Islands.

Court Disposition

Application granted

Orders

The voluntary liquidation of Asia Momentum Fund (SPC) Ltd is to proceed in accordance with Cayman Islands law.