The recent economic crisis has seen the collapse of funds in various jurisdictions, including the Cayman Islands. In many instances, the value of a fund has been effectively wiped out. This brings into focus the extent to which these losses can be blamed on one or more of the professional advisers involved in the fund. This article identifies the professional advisers who may be exposed to such litigation and discusses the kind of remedies that may be available. In particular, it examines the sources of Cayman Islands law and the structure of the judicial system, relevant professional advisers and possible actions in contract law, tort law and equitable claims.