In The Courts: Fund Disputes

Funds were very much in view in the offshore courts during 2018 with the high-profile liquidations of Abraaj and Platinum Partners in the Cayman Islands, about which we expect to be writing in future issues. The offshore courts have also given judgments addressing issues that are relevant throughout a fund's life cycle, including indemnities and redemption notices, and – as set out here in our review of the year – there are important lessons which market participants can take from the cases to manage their own legal risk. We focus here primarily on cases where the main point in issue was specific to funds or of particular relevance to those involved with them, but some cases are straddle points of company and insolvency law and are also covered in our updates on those areas.