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Judgment

The Trustee v The Funder - Ruling

FSD 0098/2018 (NSJ) · 2018-07-26

Litigation funding; maintenance and champerty; validity of third‑party funding agreements; relevance of UK ALF code; cross‑collateralisation concerns; court jurisdiction when judge is off‑island; whether declaration applications are interlocutory

Full metadata
Cause Number FSD 0098/2018 (NSJ)
Court CIGC (FSD)
Judge Segal J
Parties The Trustee v The Funder - Ruling
Judgment Date 2018-07-26
Subject Litigation funding; maintenance and champerty; validity of third‑party funding agreements; relevance of UK ALF code; cross‑collateralisation concerns; court jurisdiction when judge is off‑island; whether declaration applications are interlocutory
Filename (current) 18-07-26-The-Trustee-v-The-Funder.pdf
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In the Grand Court of the Cayman Islands — Financial Services Division
Cause No. FSD 0098/2018 (NSJ)
Between
The Trustee
- v -
The Funder - Ruling
Before
Segal J
Judgment delivered 2018-07-26

IN THE GRAND COURT OF THE C
that I would inform the parties (through
“This is in reality an administrative action brought

The Originating Summons has
That is correct but not relevant. I
seeking relief and a real legal issue
Trustee. It appears that the F
(c). the level of communication between the
tracing and enforcement services firm on such
(c). *the level of communication between
(i). Leading Counsel for the Trustee
element was in the tens of millions of
to law of the country where it is
will remain accountable for its conduct to the

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