In the matter of Sterling Macro Fund No. 2 [2016] CIFsd 18 (27 July 2016)

In the matter of Sterling Macro Fund No. 2 [2016] CIFsd 18 (27 July 2016)

The court found that the fund was unable to pay its debts and that it was just and equitable to wind up the fund, and therefore granted the winding up order.

Citation
[2016] CIFsd 18
Parties
Subject Entity: Sterling Macro Fund No. 2
Jurisdiction
Cayman Islands
Judgment Date
27 July 2016
Procedural Posture
Winding Up Petition / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Fund Liquidation
Insolvency Company Law Winding Up Fund Liquidation

Case Brief

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Parties

Sterling Macro Fund No. 2

Subject Entity

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

  1. 1 Whether Sterling Macro Fund No. 2 should be wound up under the Companies Law

Ratio Decidendi

The court found that the fund was unable to pay its debts and that it was just and equitable to wind up the fund, and therefore granted the winding up order.

Court Disposition

winding up order granted

Orders

  • Sterling Macro Fund No. 2 is ordered to be wound up.
  • Official liquidators to be appointed.