Judgment
In re Belmont Asset Based Lending Ltd - Judgment
FSD 0015/2009 (AJJ) · 2010-01-21
Just and equitable winding up; Loss of substratum for open‑ended mutual fund; Suspension of NAV and redemptions; Fund no longer viable following credit crisis and Petters fraud; Inability of investment manager (Harcourt/Vontobel group) to place fund into voluntary liquidation; Importance of independent liquidators; Policy reasons for requiring formal liquidation even when no misconduct by manager; Appointment of professional official liquidators under Insolvency Practitioners Regulations
Full metadata
| Cause Number | FSD 0015/2009 (AJJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Jones J |
| Parties | In re Belmont Asset Based Lending Ltd - Judgment |
| Judgment Date | 2010-01-21 |
| Subject | Just and equitable winding up; Loss of substratum for open‑ended mutual fund; Suspension of NAV and redemptions; Fund no longer viable following credit crisis and Petters fraud; Inability of investment manager (Harcourt/Vontobel group) to place fund into voluntary liquidation; Importance of independent liquidators; Policy reasons for requiring formal liquidation even when no misconduct by manager; Appointment of professional official liquidators under Insolvency Practitioners Regulations |
| Filename (current) | 10-01-21-Belmont-Asset-Based-Lending-Ltd-in-Liquidation-In-re.pdf |
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