In the matter of Sterling Macro Fund No. 1 [2016] CIFsd 17 (26 July 2016)

In the matter of Sterling Macro Fund No. 1 [2016] CIFsd 17 (26 July 2016)

The court found sufficient grounds for winding up the fund based on insolvency and/or just and equitable considerations.

Citation
[2016] CIFsd 17
Parties
Subject Entity: Sterling Macro Fund No. 1
Jurisdiction
Cayman Islands
Judgment Date
26 July 2016
Procedural Posture
Financial Services Division Matter / Judgment
Outcome
petition granted
Legal Topics
Winding Up, Fund Management
Company Law Insolvency Winding Up Fund Management

Case Brief

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Parties

Sterling Macro Fund No. 1

Subject Entity

Procedural Posture

Financial Services Division Matter / Judgment

Legal Issues

  1. 1 Whether Sterling Macro Fund No. 1 should be wound up under the Companies Law

Ratio Decidendi

The court found sufficient grounds for winding up the fund based on insolvency and/or just and equitable considerations.

Court Disposition

petition granted

Orders

  • Sterling Macro Fund No. 1 is to be wound up