Judgment
In re Heriot African Trade Finance Fund Limited - Judgment
FSD 0087/2010; FSD 0219/2010 (AJJ) · 2011-01-04
Just‑and‑equitable winding up; loss of substratum in open‑ended mutual fund; failure to file audited financial statements under Mutual Funds Law s.8(2); non‑compliance with PPM prudential risk limits; material change requiring updated offering document; ad hoc liquidation vs statutory winding up; investor committee dynamics; related‑party allegations; appointment of KPMG as liquidators and independence analysis; indemnity costs
Full metadata
| Cause Number | FSD 0087/2010; FSD 0219/2010 (AJJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Jones J |
| Parties | In re Heriot African Trade Finance Fund Limited - Judgment |
| Judgment Date | 2011-01-04 |
| Subject | Just‑and‑equitable winding up; loss of substratum in open‑ended mutual fund; failure to file audited financial statements under Mutual Funds Law s.8(2); non‑compliance with PPM prudential risk limits; material change requiring updated offering document; ad hoc liquidation vs statutory winding up; investor committee dynamics; related‑party allegations; appointment of KPMG as liquidators and independence analysis; indemnity costs |
| Filename (current) | 11-01-04-Heriot-African-Trade-Finance-Fund-Limited-In-re.pdf |
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