General Updates

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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Six-monthly stakeholders’ report now issued

The Fund has issued its report to stakeholders dated 19 April 2019 in relation to the period 1 September 2018 to 28 February 2019. The report may be accessed by registered stakeholders with a password at the Creditor and Investor Information...

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Second interim distribution

The Fund has declared a second interim distribution to Redemption Creditors. Please refer to the attached Appendix A regarding the Notice of Intention to Declare Interim Dividend (Form CWR32), as required under Cayman Islands law. Further details on the distribution...

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Notice of stakeholders’ meeting (May 2019)

Please be advised that the Joint Official Liquidators of the Fund will hold the next meeting of the Fund’s creditors and investors on 2 May 2019. Take note that the venue for this meeting has changed as compared to previous years. For further details on attendance,...

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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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