Legal
Exclusive Jurisdiction Clauses – Are They Really Exclusive?
Background Argyle Fund SPC Inc. (“Argyle”) is a Cayman Island Mutual Fund which went into insolvent liquidation on 26 April 2016, purportedly due to significant exposure to debt factoring via investments made through two credit advisors which each perpetrated major frauds at Argyle’s expense. Argyle’s auditor, BDO Cayman Ltd. (“BDO…
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