Charitable DAF HoldCo Ltd - Judgment
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. Company Law; Insolvency; Trusts and Equity; Civil Procedure; Investment Funds
| Neutral Citation | [2026] CIGC (FSD) 9 |
|---|---|
| Cause Number | FSD 0201/2025 (RPJ) |
| Court | CIGC (FSD) |
| Judge | Parker J |
| Parties | Charitable DAF HoldCo Ltd - Judgment |
| Judgment Date | 2026-02-10 |
| 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. Company Law; Insolvency; Trusts and Equity; Civil Procedure; Investment Funds |
| Filename (current) | FSD0201202502102026CHARITABLE.pdf |
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