DD Growth Premium 2X Fund (in official liquidation) v RMF Market Neutral Strategies (Master) Ltd (Cayman Islands)

Company – Foreign company. The issue of whether it was possible to recover payment of redemption proceeds that had been unlawful by virtue of s 37(6)(a) of the 2007 Cayman Companies Law would be referred back to the court of the Cayman Islands, as the court below had not considered the factual basis on which a claim could be founded. The Privy Council considered whether, if payment of redemption proceeds had been unlawful by virtue of s 37(6)(a) of the 2007 Law, they were recoverable by the company.

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