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ARTICLE · 11 OCTOBER 2010

Sometimes it’s the Simple Things…

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Law is often viewed as being a pursuit involving highly technical issues which require a great deal of thought from experienced minds. This is frequently the case.

GuernseyWealth Management
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Law is often viewed as being a pursuit involving highly technical issues which require a great deal of thought from experienced minds. This is frequently the case. However, sometimes important matters arise out of circumstances which are, ultimately, quite simple. This is illustrated by a recent decision from the High Court in England by Mrs Justice Proudman in Re Kaupthing Capital Partners II LP Inc [2010] EWHC 836 (Ch), which involved a Guernsey investment fund.

The Technical Bit

An investment fund, Kaupthing Capital Partners II LP Inc (the "Fund"), was established using a Guernsey incorporated limited partnership. Largely as a result of the collapse of Kaupthing Bank in Iceland, a demand for a significant amount of money was made against the Fund which it was unable to meet.

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