In the matter of Pacific Harbor Asia Fund I Ltd [2017] CIFsd 59 (06 December 2017)

In the matter of Pacific Harbor Asia Fund I Ltd [2017] CIFsd 59 (06 December 2017)

The court found that Pacific Harbor Asia Fund I Ltd was unable to pay its debts and that it was just and equitable to wind up the company.

Citation
[2017] CIFsd 59
Parties
Subject Company: Pacific Harbor Asia Fund I Ltd
Jurisdiction
Cayman Islands
Judgment Date
06 December 2017
Procedural Posture
Winding Up Petition / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Funds, Liquidation

Case Brief

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Parties

Pacific Harbor Asia Fund I Ltd

Subject Company

Procedural Posture

Winding Up Petition / Judgment

  1. 1 Whether Pacific Harbor Asia Fund I Ltd should be wound up under the Companies Law

Ratio Decidendi

The court found that Pacific Harbor Asia Fund I Ltd was unable to pay its debts and that it was just and equitable to wind up the company.

Court Disposition

winding up order granted

Orders

  • Pacific Harbor Asia Fund I Ltd is to be wound up by the court
  • Official liquidators to be appointed