Contact

Christopher Harlowe

Christopher Harlowe

Cayman Islands
Partner

Neal Lomax

Neal Lomax

Cayman Islands
Partner

Simon Dickson

Simon Dickson

Cayman Islands
Partner

Update

No automatic redemptions in a master-feeder structure

[Dynamic date]

30 June 2020

In Ardon Maroon Asia Fund, the Cayman Islands Court of Appeal found that a notice to redeem served on a feeder fund did not automatically trigger an equivalent redemption in the master fund. This decision provides clarity as to the court's construction of a fund's redemption regime.