General Updates

The Fund has issued its report to stakeholders in relation to the period 1 September 2019 to 29 February 2020. The report may be accessed by registered stakeholders with a password at the Creditor and Investor Information section.

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...

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...

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...

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...

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...

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,...

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...

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...

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...