In the matter of Holt Fund SPC - Reasons for Decision [2024] CIFsd 7 (26 January 2024)
The court found that the statutory requirements for winding up were satisfied as the fund was unable to pay its debts.
Source-derived case information.
- Citation
- [2024] CIFsd 7
- Parties
- Applicant: Holt Fund SPC
- Jurisdiction
- Cayman Islands
- Judgment Date
- 26 January 2024
- Procedural Posture
- Company Law / Reasons for Decision
- Outcome
- petition granted
- Legal Topics
- Fund Management, Winding Up, Insolvency
Company Law Financial Services Fund Management Winding Up Insolvency
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Summary, issues, holding and outcome
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Parties
Holt Fund SPC
Applicant
Procedural Posture
Company Law / Reasons for Decision
Legal Issues
- 1 Whether Holt Fund SPC should be wound up
- 2 Whether the statutory requirements for winding up are satisfied
Ratio Decidendi
The court found that the statutory requirements for winding up were satisfied as the fund was unable to pay its debts.
Court Disposition
petition granted
Orders
- Holt Fund SPC is to be wound up
Full Case Text
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