English court decision highlights difference with Cayman law

Judge's gavel
English court decision impacts investors in hedge funds domiciled in Cayman

Derivative claims enable fund investors to sue the fund’s manager. For limited companies, the scope of such claims is commonly understood. However, there is a big difference between what is allowed in limited partnership derivative claims in England and Wales and what is permitted in the Cayman Islands.

A recent court decision, the first English case to deal with such a claim, clearly highlights these differences and is something both investors and hedge fund managers should keep in mind.

A key

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