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Cayman creditor complaints sink Hong Kong fund’s asset sale

By Dominic Lawson

21 May 2020

Cayman creditor complaints sink Hong Kong fund’s asset sale Grand Cayman, Cayman Islands / shutterstock.com/Yevgen Belich

A Cayman Islands court has refused to sanction an asset sale for an insolvent Hong Kong-based feeder fund, following complaints by creditors over the transparency of the bidding process.