In the matter of Washington Special Opportunity Fund Inc [2016] CIFsd 5 (01 March 2016)
The court held that the applicant had established grounds for winding up the company on a just and equitable basis due to loss of substratum and breakdown in trust and confidence between shareholders and management.
- Citation
- [2016] CIFsd 5
- Parties
- Subject Entity: Washington Special Opportunity Fund Inc
- Jurisdiction
- Cayman Islands
- Judgment Date
- 01 March 2016
- Procedural Posture
- Company Matter / Judgment
- Outcome
- petition granted
- Legal Topics
- Winding Up, Liquidation, Funds
Case Brief
Summary, issues, holding and outcome
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Parties
Washington Special Opportunity Fund Inc
Subject Entity
Procedural Posture
Company Matter / Judgment
Legal Issues
- 1 Whether Washington Special Opportunity Fund Inc should be wound up under the Companies Law
Ratio Decidendi
The court held that the applicant had established grounds for winding up the company on a just and equitable basis due to loss of substratum and breakdown in trust and confidence between shareholders and management.
Court Disposition
petition granted
Orders
- Washington Special Opportunity Fund Inc is to be wound up by the court
- Official liquidators to be appointed
Full Case Text
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