Mark Chapman

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Lancer Offshore court hearing adjourned in British Virgin Islands

An application by the British Virgin Islands Financial Services Commission to force an offshore hedge fund group into administration has been adjourned to June 11. A hearing on the application against Lancer Offshore Inc. and The Omnifund Ltd. took place on Friday, May 30, 2003 but was not concluded. It was adjourned for 12 days because the judge is traveling this week.

BVI regulator acts against Lancer Offshore

An insolvent offshore hedge fund has been given a reprieve for now, at least from being forced into administration after it found out about an ex parte court application before it was heard.An application to place Lancer Offshore Inc. and