In the matter of BAF Latam Credit Fund [2021] CIFsd 17 (16 March 2021)

In the matter of BAF Latam Credit Fund [2021] CIFsd 17 (16 March 2021)

The court found that the fund was insolvent and that it was just and equitable to wind it up, thus appointing liquidators.

Citation
[2021] CIFsd 17
Parties
Subject Entity: BAF Latam Credit Fund
Jurisdiction
Cayman Islands
Judgment Date
16 March 2021
Procedural Posture
Financial Services Division Matter / Judgment
Outcome
Petition granted
Legal Topics
Winding Up of Funds, Appointment of Liquidators
Insolvency Financial Services Winding Up of Funds Appointment of Liquidators

Case Brief

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Parties

BAF Latam Credit Fund

Subject Entity

Procedural Posture

Financial Services Division Matter / Judgment

Legal Issues

  1. 1 Whether BAF Latam Credit Fund should be wound up
  2. 2 Whether liquidators should be appointed

Ratio Decidendi

The court found that the fund was insolvent and that it was just and equitable to wind it up, thus appointing liquidators.

Court Disposition

Petition granted

Orders

  • BAF Latam Credit Fund is to be wound up
  • Liquidators are appointed over BAF Latam Credit Fund