Contact

Christopher Harlowe

Christopher Harlowe

Partner | Cayman IslandsLondon

Eleanor Morgan

Eleanor Morgan

Partner | BVI

Update

Grand Court Orders the Repayment of Redemption Monies: Preferences and Clawing Back Redemption Payments

21 December 2015

In Conway and Walker (as joint official liquidators of Weavering Macro Fixed Income Fund) v SEB the Grand Court of the Cayman Islands has, for the first time, ordered the re-payment of redemption proceeds paid by a fund to an investor shortly before the commencement of the fund's liquidation on the basis that the payments constituted voidable preferences.

Contact

Christopher Harlowe

Christopher Harlowe

Partner | Cayman IslandsLondon

Eleanor Morgan

Eleanor Morgan

Partner | BVI

About Mourant

Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.

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