General Updates

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...

read more

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...

read more

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...

read more