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. Subsequently, Paula Richmond replaced Ms Fisher by order dated 20 November 2019. As at today’s date, Mr MacRae and Ms Richmond 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.

Another Victory for Investor Certainty in the Cayman Islands

This morning the Privy Council handed down its judgment in the Pearson (in his capacity as Additional Liquidator of Herald Fund SPC (in Official Liquidation)) v Primeo Fund (in Official Liquidation) representative proceedings. The decision is of great importance for...

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Six-monthly stakeholders’ report now issued

The Fund has issued its report to stakeholders dated 18 October 2019 in relation to the period 1 March 2019 to 31 August 2019. The report may be accessed by registered stakeholders with a password at the Creditor and Investor Information...

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CICA issues judgment on HSBC

The Fund has issued an update to stakeholders dated 21 June 2019 in relation to the Cayman Islands Court of Appeal judgment on Primeo v HSBC. The update may be accessed by registered stakeholders with a password at the Creditor and Investor...

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