BVI court decision on where redeemed members rank as against continuing members in the liquidation of a fund
In the case of Somers Dublin Ltd a/c KBCS & Ors v Monarch Pointe Fund Limited BVIHCV2008/97, the Commercial Division of the BVI High Court ruled that in a liquidation of a fund the claims of a redeemed member for unsatisfied redemptions and continuing members for their equitable interests rank pari passu in the estate of the…