Legal News

Jurisdictional reach of clawback claims in winding up proceedings (AWH Fund Ltd (in compulsory liquidation) v ZCM Asset Holding Co (Bermuda) Ltd (Bahamas))

Published on: 29 August 2019
Published by: LexisPSL
  • Jurisdictional reach of clawback claims in winding up proceedings (AWH Fund Ltd (in compulsory liquidation) v ZCM Asset Holding Co (Bermuda) Ltd (Bahamas))
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?

Article summary

Restructuring & Insolvency analysis: Was the liquidator of a Bahamian mutual fund, in compulsory liquidation, entitled to serve a fraudulent preference claim outside the jurisdiction? Representatives of the appellant, Brian Simms QC and Sophia Rolle-Kapousouzoglou, senior partner and partner respectively at Lennox Paton, discuss the outcome of the case which has far-reaching implications for the insolvency law of The Bahamas. or take a trial to read the full analysis.

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