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Cayman Islands Court of Appeal overturns antisuit injunction in favour of Argyle Funds SPC Inc
David Marchant
Posted: Thursday, October 11, 2018
Joined: 9/13/2007
Posts: 1278

Ogier: The Cayman Islands Court of Appeal has unanimously allowed every ground of an appeal by the liquidators of Argyle Funds SPC Inc., holding that its former auditors, BDO Cayman Ltd., had no sustainable basis for restraining Argyle from continuing claims of fraud and gross negligence against three of BDO Cayman's affiliate entities in the New York courts. This decision will therefore be of particular interest to Cayman Islands professional service providers who delegate some or all of their work to be undertaken outside of the jurisdiction.

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