In the matter of UCF Fund Ltd (in Liquidation) [2011] CIFsd 13 (09 May 2011)

The court found that UCF Fund Ltd was insolvent and unable to pay its debts, justifying a winding up order under the Companies Law.

Citation: [2011] CIFsd 13
Parties: Applicant: UCF Fund Ltd (in Liquidation)
Jurisdiction: Cayman Islands
Judgment Date: 09 May 2011
Procedural Posture: Company Liquidation / Judgment
Outcome: winding up order granted
Legal Topics: Liquidation, Winding Up, Insolvent Companies

Insolvency Company Law Liquidation Winding Up Insolvent Companies

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Parties

UCF Fund Ltd (in Liquidation)

Applicant

Procedural Posture

Company Liquidation / Judgment

Legal Issues

1 Whether UCF Fund Ltd should be wound up under the applicable insolvency laws

Ratio Decidendi

The court found that UCF Fund Ltd was insolvent and unable to pay its debts, justifying a winding up order under the Companies Law.

Court Disposition

winding up order granted

Orders

UCF Fund Ltd is ordered to be wound up in accordance with the Companies Law