Cayman Court Ousts GP from $1.5B Fund, Igniting Cross-Border Bankruptcy Fight
A Cayman Islands court order stripping Seth Harrison of oversight of a $1.5 billion venture fund sets the stage for a high-stakes jurisdictional tussle with a U.S. bankruptcy court. The ruling adds a new dimension to a conflict that already includes a $97 million Delaware judgment and a contested Chapter 11 filing. The case exemplifies the complexity of enforcing fiduciary duties in cross-border fund disputes.