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British Virgin Islands New Mutual Fund Case

March 2010 Updated on 20 May 2010 Anton Goldstein

The British Virgin Islands Commercial Court has recently delivered a decision in Western Union International Limited vs. Reserve International Liquidity Fund Ltd. which will be of interest to all fund managers and practitioners. In particular, the case considers (i) the redemption process and the point in time at which a redeeming shareholder becomes a creditor and ceases to be a shareholder of a fund; and (ii) the appointment of a BVI liquidator to a fund which is already subject to liquidation proceedings in another jurisdiction. This article provides an outline of the key points of the case.

 

To continue reading full articles in PDF format:
British Virgin Islands New Mutual Fund Case

 


Anton Goldstein
Partner

British Virgin Islands   +1 284 852 1119


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Articles

British Virgin Islands New Mutual Fund Case

04 March 2010 Updated on 20 May 2010 Anton Goldstein

The British Virgin Islands Commercial Court has recently delivered a decision in Western Union International Limited vs. Reserve International Liquidity Fund Ltd. which will be of interest to all fund managers and practitioners. In particular, the case considers (i) the redemption process and the point in time at which a redeeming shareholder becomes a creditor and ceases to be a shareholder of a fund; and (ii) the appointment of a BVI liquidator to a fund which is already subject to liquidation proceedings in another jurisdiction. This article provides an outline of the key points of the case.

 

To continue reading full articles in PDF format:
British Virgin Islands New Mutual Fund Case

 


Anton Goldstein
Partner

British Virgin Islands   +1 284 852 1119


 

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