In the matter of Herald Fund SPC [2018] CIFsd 45 (27 August 2018)

The court determined that Herald Fund SPC was insolvent and ordered its winding up pursuant to the relevant provisions of the Companies Law.

Source-derived case information.

Citation: [2018] CIFsd 45
Parties: Applicant: Herald Fund SPC
Jurisdiction: Cayman Islands
Judgment Date: 27 August 2018
Procedural Posture: Financial Services Division Proceeding / Judgment
Outcome: application granted
Legal Topics: Winding Up, Liquidation, Investment Funds

Insolvency Funds Law Winding Up Liquidation Investment Funds

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Parties

Herald Fund SPC

Applicant

Procedural Posture

Financial Services Division Proceeding / Judgment

Legal Issues

1 whether Herald Fund SPC should be wound up
2 application of insolvency principles to segregated portfolio companies

Ratio Decidendi

The court determined that Herald Fund SPC was insolvent and ordered its winding up pursuant to the relevant provisions of the Companies Law.

Court Disposition

application granted

Orders

Herald Fund SPC is to be wound up under the supervision of the court

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