Judgment
In the Matter of Formation Group (Cayman) Fund I, LP - Judgment
FSD 0366/2021 (IKJ) · 2022-04-21
Petition by limited partners to dissolve or wind-up an exempted limited partnership-strike-out application by general partner-whether winding-up proceedings can validly be brought against an exempted limited partnership in its own name as opposed to against the general partner-statutory interpretation-Exempted Limited Partnership Act (2021 Revision), sections 3, 4, 33(1), 36(3)- Companies Act (2021 Revision), section 92(e). Insolvency and Restructuring; Partnership Law; Company Law; Statutory Interpretation
Full metadata
| Cause Number | FSD 0366/2021 (IKJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Kawaley J |
| Parties | In the Matter of Formation Group (Cayman) Fund I, LP - Judgment |
| Judgment Date | 2022-04-21 |
| Subject | Petition by limited partners to dissolve or wind-up an exempted limited partnership-strike-out application by general partner-whether winding-up proceedings can validly be brought against an exempted limited partnership in its own name as opposed to against the general partner-statutory interpretation-Exempted Limited Partnership Act (2021 Revision), sections 3, 4, 33(1), 36(3)- Companies Act (2021 Revision), section 92(e). Insolvency and Restructuring; Partnership Law; Company Law; Statutory Interpretation |
| Filename (current) | 22-04-21-Formation-Group-Cayman-Fund-I-L.P.-In-re.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Exempted Limited Partnership Act | 14, 15(2), 16(1), 16(2), 17, 2, 3, 33, 33(1), 33(1) and 36(3), 36(1), 36(3), 4 | 52 |
| Companies Act | 123 (1), 91, 92(c), 92(d), 92 (e), 92(e), 92(e) and 94(1)(c) | 38 |
| Partnership Act | 15(1), 35, 35(e), 52(2) | 12 |
| Companies Winding Up Rules (subordinate) | — | 6 |
| Grand Court Rules - Vol I - Orders (subordinate) | 12, 12-15 | 2 |
| Companies (Amendment) Law, 2007 (amending) | — | 1 |
| Exempted Limited Partnership (Amendment) Law, 2009 (amending) | — | 1 |
| Grand Court Act | 19(1) | 1 |
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