Cayman court limits scope of arbitration clauses in dissolving limited partnerships

In the recent case of Cybernaut Growth Fund LP, limited partners accounting for approximately half of the partnership interest petitioned to wind up the partnership on just and equitable grounds, based upon loss of trust and confidence by the petitioning limited partners in the general partner.

That petition was met by an application to strike out or stay the petition, which asserted that: (i) the petitioning limited partners had contracted out of their right to petition; and (ii) the petition could not proceed until an arbitration commenced by the general partner had been resolved…

If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.

Briefings from Appleby

View more briefings from Appleby

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

1st Floor
3 Copthall Avenue
London
EC2R 7BH
UK
http://www.applebyglobal.com

Total staff: 528
Partners: 64