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
Summary, issues, holding and outcome
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Parties
Pacific Harbor Asia Fund I Ltd
Subject Company
Procedural Posture
Winding Up Petition / Judgment
Legal Issues
- 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
Full Case Text
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