UK Appeals Court Finds Fund's $23M Share Payout Unlawful
By Richard Crump ( November 27, 2017, 5:10 PM GMT) -- The court of final appeal for the U.K.'s overseas territories has ruled that a payment of approximately $23 million made by a now-defunct Cayman Islands investment company to one of its investors when it redeemed its shares in the investment fund was unlawful....
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