Nov 30

$1.5bn XiO fund dispute settled on confidential terms

Earlier this month parties finally reached a confidential settlement in the long running XiO Fund dispute. The XiO litigation has been taking place continuously for several years and across numerous jurisdictions including Hong Kong, the Netherlands, London and the Cayman Islands. McGrath Tonner has acted as Cayman Islands counsel in the bitterly contested ownership battle since May 2019. The dispute revolved around the true ownership of a group of companies managing over $1.5 billion in assets.