Liquidation of Primeo Fund

On 23 January 2009, the founding shareholder of Primeo Fund (the Fund) passed a resolution to place the Fund in voluntary liquidation and appoint James Cleaver and Richard Fogerty as joint voluntary liquidators.  On 8 April 2009, an order was made for the liquidation of the Fund to continue under the supervision of the Grand Court of the Cayman Islands with Mr Cleaver and Mr Fogerty being appointed as joint official liquidators.

Gordon MacRae replaced Mr Cleaver as a joint official liquidator by order dated 17 August 2011.  Subsequently, Eleanor Fisher replaced Mr Fogerty by order dated 11 May 2012.  As at today’s date, Mr MacRae and Ms Fisher are the duly appointed joint official liquidators of the Fund.

Stakeholders are encouraged to monitor this site, as the joint official liquidators will post important updates on the progress of the liquidation here.

Statutory interest ruling

In its decision dated 27 August 2018, the Grand Court of the Cayman Islands (Grand Court) held that both Ordinary Creditors and Redemption Creditors (as defined in the FAQ section here) are entitled to statutory interest on their claims pursuant to section 149 of the...

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First Interim Distribution

The Fund has made an interim distribution to admitted Ordinary Creditors and admitted Redemption Creditors (defined in the FAQ) in respect of their principal claims.  For further details, kindly refer to the stakeholder reports. A recent ruling by the Grand Court of...

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Privy Council rectification appeal

As announced on the Primeo Fund’s (the Fund) previous website, on 27 February 2018, the Cayman Islands Court of Appeal allowed the Fund’s appeal in its entirety and dismissed that of the Additional Liquidator of Herald Fund SPC – in official liquidation (Herald) in...

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