25-10-2011 | by Joey Garcia and others
Published: Gibraltar Funds Review - October 2011

Role of the Fund Director post Weavering - Gibraltar Funds Review 2

The role of the independent, non-executive fund director has come under the microscope in recent weeks. That is not to say that the Cayman case of Weavering Macro Fixed Income Fund Limited (In Liquidation) v Stefan Peterson (1) and Hans Ekstrom (2) ('Weavering') will be the last word on this issue. The decision may yet be subject to appeal, and no other Court has yet had the opportunity to comment, interpret or apply its statements of general principle.

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