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Cayman court rejects “back-to-back” redemptions as proof of debt

By Dominic Lawson

22 May 2020

Cayman court rejects “back-to-back” redemptions as proof of debt Grand Cayman, Cayman Islands / shutterstock.com/Richard Whitcombe

A Cayman Islands appellate court has rejected a proof of debt filed by an insolvent Hong Kong-focused feeder fund in the liquidation of its master fund, declining to follow market practice on share redemption notices.