Mondaq USA - Cayman Islands: Wealth Management
In the course of international litigation a party seeks to depose a future witness of fact using powers available to that litigant under the laws of another jurisdiction or under powers of the domestic court.
A recent decision by the Cayman Islands Grand Court (In Re Freerider Ltd, judgment dated 13 May 2010) has provided useful guidance on "loss of substratum", one of the bases which justifies a winding-up on the just and equitable ground.
There has been significant discourse over the past eighteen months in response to the recent economic crisis on the need for increased governmental regulation for the hedge funds industry.
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