In the matter of Freerider Ltd [2010] CIFsd 9 (09 March 2010)
The Court held that the breakdown in relations and loss of substratum justified winding up the company on just and equitable grounds.
- Citation
- [2010] CIFsd 9
- Parties
- Applicant: Freerider Ltd
- Jurisdiction
- Cayman Islands
- Judgment Date
- 09 March 2010
- Procedural Posture
- Company Law Petition / Judgment
- Outcome
- petition granted
- Legal Topics
- Winding Up, Just and Equitable Grounds
Case Brief
Summary, issues, holding and outcome
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Parties
Freerider Ltd
Applicant
Procedural Posture
Company Law Petition / Judgment
Legal Issues
- 1 Whether Freerider Ltd should be wound up on just and equitable grounds
Ratio Decidendi
The Court held that the breakdown in relations and loss of substratum justified winding up the company on just and equitable grounds.
Court Disposition
petition granted
Orders
- Freerider Ltd to be wound up
Full Case Text
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