Update

Admissibility and priority of shareholder misrepresentation claims in a Cayman Islands liquidation

minute read

3 July 2024

Update

Following the recent conflicting decisions in HQP Corporation (in official liquidation) (HQP) and Direct Lending Income Feeder Fund, Ltd (in official liquidation) (DLI), Simon Dickson and Laura Stone of Mourant Ozannes (Cayman) LLP consider whether shareholder misrepresentation claims can be admitted in a Cayman Islands liquidation. They also review the unresolved question of how such claims rank in the order of priorities.

This article was first published in INSOL World Q2 2024.