Bernard Madoff may have dominated the headlines in 2008, but those who invested in his company were by no means the only ones affected during the market turmoil of that period. Now that the immediate crisis of liquidity and redemptions has passed, complex and novel issues surrounding investors' rights and fund structuring are making their way to court in popular hedge fund jurisdictions including the Cayman Islands and British Virgin Islands (BVI).
June 22, 2010 at 01:02 AM
1 minute read
The original version of this story was published on Legalweek
The rights of creditors versus investors have been thrust to the fore by the banking crisis. Harney Westwood & Riegels’ Phillip Kite discusses some of the distressed fund cases that have recently been decided in the British Virgin Islands
Bernard Madoff may have dominated the headlines in 2008, but those who invested in his company were by no means the only ones affected during the market turmoil of that period.
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