Exempted Limited Partnerships in the Cayman Islands: Wind Down, Removing the General Partner and the Grand Court’s Flexibility

Exploring Offshore Litigation · Oct 16, 2025 · 2m

Section 36(13) of the Exempted Limited Partnership Act (2021 Revision) ('ELPA') gives the Grand Court of the Cayman Islands the power to override a limited partnership agreement and replace the general partner ('GP') of an exempted limited partnership ('ELP') during its winding up, if necessary for a proper dissolution. Recent cases, notably In the matter of One Thousand & One Voices Africa Fund I, LP (In Voluntary Liquidation) FSD 22 of 2024 (IKJ) ('1K1V') and In the matter of Sensegain Vorak Investment L.P. (in voluntary liquidation) FSD 62 of 2025 (DDJ) ('Sensegain') confirm the primacy of…