Australia: Litigation, Mediation & Arbitration

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Article
Escaping “Zombie” Funds: Court Supervision Over Cayman ELPs When GP-Led Liquidations Stall
Cayman exempted limited partnerships (ELPs) can drift into “zombie” territory when a GP‑led voluntary liquidation (VL) drags on without distributions and with limited transparency. In such cases, limited partners (LPs) have a practical route to reset governance: applying for the voluntary liquidation to continue under court supervision, with independent official liquidators appointed to take control of the wind‑up.
Australia Litigation
C
Conyers
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Article
Escaping “Zombie” Funds: Court Supervision Over Cayman ELPs When GP-Led Liquidations Stall
Cayman exempted limited partnerships (ELPs) can drift into “zombie” territory when a GP‑led voluntary liquidation (VL) drags on without distributions and with limited transparency. In such cases, limited partners (LPs) have a practical route to reset governance: applying for the voluntary liquidation to continue under court supervision, with independent official liquidators appointed to take control of the wind‑up.
Australia Litigation
C
Conyers
See more
See more
See more