Judgment
In the Matter of Oakrun Precious Metals Fund, Ltd - Reasons for Order and Ruling on Costs
FSD 0009/2019 (IKJ) · 2019-04-30
Petition presented as creditor and shareholder to wind-up Fund on insolvency and/or just and equitable grounds- principal of the Manager appearing in person to seek adjournment of petition in order for Fund to obtain legal advice - custodian of Fund's assets seeking validation order to enable Company to pay for legal advice-principles governing applications for validation order-principles applicable to costs of an unsuccessful application for a validation order.
Full metadata
| Cause Number | FSD 0009/2019 (IKJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Kawaley J |
| Parties | In the Matter of Oakrun Precious Metals Fund, Ltd - Reasons for Order and Ruling on Costs |
| Judgment Date | 2019-04-30 |
| Subject | Petition presented as creditor and shareholder to wind-up Fund on insolvency and/or just and equitable grounds- principal of the Manager appearing in person to seek adjournment of petition in order for Fund to obtain legal advice - custodian of Fund's assets seeking validation order to enable Company to pay for legal advice-principles governing applications for validation order-principles applicable to costs of an unsuccessful application for a validation order. |
| Filename (current) | 19-04-30-Oakrun-Precious-Metals-Fund-Ltd-In-re.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 99 | 4 |
| Companies Winding Up Rules, 2008 (subordinate) | — | 1 |
| Directors Registration and Licensing Act | — | 1 |
| Grand Court Rules - Vol I - Orders (subordinate) | 6 | 1 |
| Matrimonial Causes Rules (subordinate) | — | 1 |
| Mutual Funds Act | — | 1 |
| The Cayman Islands Constitution Order 2009 (UKSI 1379:2009) (constitution) | — | 1 |
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