CaribPR Wire » Dismissal of Liquidation Petition https://caribpr.com Official PR Wire Of The Caribbean Tue, 02 Jun 2026 12:26:53 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Westford Fund Wins Dismissal of Liquidation Petition https://caribpr.com/westford-fund-wins-dismissal-of-liquidation-petition/ https://caribpr.com/westford-fund-wins-dismissal-of-liquidation-petition/#comments Wed, 29 Jun 2011 20:20:46 +0000 caribpr http://caribpr.com/?p=10046 NEW YORK, June 29, 2011 /PRNewswire/ — The British Virgin Islands Court of Appeal has unanimously reversed a lower court ruling and dismissed a petition by McKinsey & Co. to liquidate Westford Special Situations Fund Ltd.  McKinsey had filed the petition in an attempt to redeem its investment.

 McKinsey, which had invested in a feeder fund to Westford Special Situations Master Fund, L.P., attempted to liquidate Westford after the fund suspended redemptions — even though Westford had made partial payments to McKinsey. 

 In denying McKinsey’s motion, the Court upheld Westford’s argument that, as a redemption creditor, McKinsey did not have the legal standing to force the appointment of a liquidator.

 The Westford Special Situations Fund Ltd. and Westford Special Situations Master Fund L.P. are part of the Westford-Epsilon family of funds managed by Steve G. Stevanovich.

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