In the matter of Platinum Partners Value Arbitrage Fund (International) [2018] CIFsd 57 (18 October 2018)

In the matter of Platinum Partners Value Arbitrage Fund (International) [2018] CIFsd 57 (18 October 2018)

The Fund was insolvent and unable to pay its debts, and no opposition was raised; therefore, the Court ordered the winding up and appointment of official liquidators.

Citation
[2018] CIFsd 57
Parties
Subject Entity: Platinum Partners Value Arbitrage Fund (International)
Jurisdiction
Cayman Islands
Judgment Date
18 October 2018
Procedural Posture
Winding Up Petition / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Appointment of Liquidators
Insolvency Company Law Winding Up Appointment of Liquidators

Case Brief

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Parties

Platinum Partners Value Arbitrage Fund (International)

Subject Entity

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

  1. 1 Whether the Fund should be wound up
  2. 2 Whether official liquidators should be appointed

Ratio Decidendi

The Fund was insolvent and unable to pay its debts, and no opposition was raised; therefore, the Court ordered the winding up and appointment of official liquidators.

Court Disposition

winding up order granted

Orders

  • The Fund is to be wound up.
  • Official liquidators are appointed.