Cayman court ruling upholds rights of hedge fund in case involving a side letter

Hedge Funds Review – A Cayman court decision outlines the position of hedge fund investors when using an intermediary. It also shows hedge funds they have other options when hit with redemption requests, says Ogier.

A Cayman Islands court judgement has highlighted issues involving the rights of an investor using a nominee when a restructuring occurs and is particularly interesting given some fear redemptions on the scale of 2008 and 2009 if the eurozone crisis causes a credit squeeze, says law firm Ogier.

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