By Ben Hobden, Paul Smith, Erik Bodden, Jordan McErlean
Yesterday the Grand Court of the Cayman Islands delivered its long awaited judgment in the winding up proceedings brought against the Torchlight Fund L.P. (“Torchlight”). Conyers is Cayman counsel for Torchlight.
The 366 page judgment of the Honourable Justice McMillan notes that at around the time the judgment was substantially completed, but not yet circulated, the parties informed the Court that they had reached settlement on a confidential basis. Nevertheless, the Learned Judge chose to deliver the judgment, notwithstanding a late attempt by the Petitioners to suppress its publication.