In the matter of Rye Select Broad Market XL Portfolio Ltd [2009] CIFsd 20 (31 July 2009)

In the matter of Rye Select Broad Market XL Portfolio Ltd [2009] CIFsd 20 (31 July 2009)

The court found that Rye Select Broad Market XL Portfolio Ltd was unable to pay its debts and ordered that it be wound up.

Citation
[2009] CIFsd 20
Parties
Subject Company: Rye Select Broad Market XL Portfolio Ltd
Jurisdiction
Cayman Islands
Judgment Date
31 July 2009
Procedural Posture
Company Matter / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Liquidation, Investment Funds
Company Law Insolvency Winding Up Liquidation Investment Funds

Case Brief

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Parties

Rye Select Broad Market XL Portfolio Ltd

Subject Company

Procedural Posture

Company Matter / Judgment

Legal Issues

  1. 1 Whether Rye Select Broad Market XL Portfolio Ltd should be wound up under the Companies Law

Ratio Decidendi

The court found that Rye Select Broad Market XL Portfolio Ltd was unable to pay its debts and ordered that it be wound up.

Court Disposition

winding up order granted

Orders

  • The company is to be wound up under the supervision of the court.