Commercial, Banking & Corporate Law Firm in Cayman Islands
Stuarts Walker Hersant, Attorneys at Law
Main Office4th Floor Cayman Financial Centre
36A Dr. Roy's Drive, Grand Cayman
George Town KY1-1104
Cayman Islands
+1 345 9493344
+1 345 9492888
www.stuartslaw.com
Contact Mr. Andrew Hersant
Firm's Profile Articles Published by Stuarts Walker Hersant, Attorneys at Law
Side Letters: Guidelines from Cayman Court on Who Should be the Parties to Them
An analysis of a fund's side letters and guidelines to the parties that should be involved. The Grand Court of the Cayman Islands recently ruled on the enforceability of side letters in the case of Medley Opportunity Fund Ltd. v. Fintan Master Fund Ltd & Nautical Nominees Ltd (21 June 2012) and in so doing has emphasized a number of points to bear in mind when entering into side letters.
Read ArticleCayman Islands' Court of Appeal Re-affirms Status of Segregated Portfolio Companies
The Cayman Islands Court of Appeal has re-affirmed the distinction between segregated portfolio companies (“SPCs”) and their segregated portfolios and the insolvency implications for each. In ABC Company (SPC) v J & Co. Ltd (CICA Unreported, May 2012) the Court of Appeal re-affirmed that the insolvency of one segregated portfolio in an SPC will not impact the other segregated portfolios in that SPC so as to require a winding up order to be made over the SPC as a whole.
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