In the matter of Heriot African Trade Finance Fund Ltd [2011] CIFsd 1 (04 January 2011)

In the matter of Heriot African Trade Finance Fund Ltd [2011] CIFsd 1 (04 January 2011)

The court found that Heriot African Trade Finance Fund Ltd was unable to pay its debts and that it was just and equitable to order its winding up.

Citation
[2011] CIFsd 1
Parties
Subject Company: Heriot African Trade Finance Fund Ltd
Jurisdiction
Cayman Islands
Judgment Date
04 January 2011
Procedural Posture
Company Matter / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Liquidation, Funds
Company Law Insolvency Winding Up Liquidation Funds

Case Brief

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Parties

Heriot African Trade Finance Fund Ltd

Subject Company

Procedural Posture

Company Matter / Judgment

Legal Issues

  1. 1 Whether Heriot African Trade Finance Fund Ltd should be wound up

Ratio Decidendi

The court found that Heriot African Trade Finance Fund Ltd was unable to pay its debts and that it was just and equitable to order its winding up.

Court Disposition

winding up order granted

Orders

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