Judgment · jid 11700
Charitable DAF HoldCo Ltd - Judgment
[2026] CIGC (FSD) 9
· FSD 0201 OF 2025 (RPJ) · 2026-Feb-10
Proprietary injunction - jurisdiction - s.11 of the Grand Court Act (2015 Revision) - O.29, r.1 and r.2 of the Grand Court Rules - test for grant of injunction - serious issue to be tried - nature of proprietary interest - discretion - cross undertaking in damages - fortification - charitable fund structure - Cayman Islands exempted limited company in structure to make charitable distributions for US tax reasons to US charities - reorganisation by directors of fund structure - transference of limited partnership interest without notification to supporting organisations - claims of improper purpose to gain control - claims of excessive remuneration against directors - alleged transactions at undervalue
Full metadata
| Neutral Citation | [2026] CIGC (FSD) 9 |
|---|---|
| Cause Number | FSD 0201 OF 2025 (RPJ) |
| Court | Grand Court |
| Judgment Date | 2026-Feb-10 |
| Subject | Proprietary injunction - jurisdiction - s.11 of the Grand Court Act (2015 Revision) - O.29, r.1 and r.2 of the Grand Court Rules - test for grant of injunction - serious issue to be tried - nature of proprietary interest - discretion - cross undertaking in damages - fortification - charitable fund structure - Cayman Islands exempted limited company in structure to make charitable distributions for US tax reasons to US charities - reorganisation by directors of fund structure - transference of limited partnership interest without notification to supporting organisations - claims of improper purpose to gain control - claims of excessive remuneration against directors - alleged transactions at undervalue |
| Category | Financial Services Division |
| Filename (current) | FSD0201202502102026CHARITABLE.pdf |
| Source pipeline | csv |