The Duomatic principle concerns shareholders’ informal approval of a company’s actions. Provided that the shareholders’ approval is unanimous and given with full knowledge of what they are approving, their informal assent to a course of action, whether given prospectively or retrospectively, will be as binding as a resolution passed at a general meeting.
This chapter covers Enforcing Foreign Arbitral Awards in the Cayman Islands, The 2019 Hague Convention on Enforcing Judgments and Enforcement and Digital Assets.
This edition discusses identifying assets, domestic judgments, foreign judgments and arbitral awards.
Shaun brings a wealth of expertise to the firm. He has extensive experience in complex, high value, cross-border disputes and proceedings acting both for and against insolvency practitioners in all forms of external administrations, as well as acting for parties involved in general commercial, financial services and trust disputes.
Campbells is pleased to announce that it has been ranked as one of the top five offshore law firms, by transaction value, on Hong Kong Stock Exchange listings, by China Business Law Journal. The Hong Kong team advised on two of the top ten largest IPOs on the Hong Kong Stock Exchange this year.
In its long-awaited judgment in Sevilleja v Marex Financial Ltd [2020] UKSC 31, the UK Supreme Court has clarified the rule barring the recovery of reflective loss, which is likely to be of importance in most common law jurisdictions. The Court has narrowed the application of the rule to shareholders seeking to recover loss suffered in their capacity as shareholder.
Campbells acted as Cayman Islands and British Virgin Islands legal counsel for Honliv Healthcare Management Group Company Limited (宏力醫療管理集團有限公司)(“Honliv Healthcare”) in connection with its HK$315 million (US$40.5 million) (and up to HK$362 million (US$46.5 million) upon exercise of the over-allotment option) initial public offering on the Main Board of the Hong Kong Stock Exchange.
Following a recent decision of the Cayman Islands courts on the information rights which limited partners have against the general partner of a fund, Paul Kennedy and Simon Thomas consider the case and the very different position of corporate fund shareholders under Cayman Islands law.
This article explores the statutory powers which can be invoked by foreign litigants seeking to obtain evidence in the Cayman Islands under the Evidence (Proceedings in Other Jurisdictions) (Cayman Islands) Order 1978.
Dealing with shares in a company incorporated in the British Virgin Islands (“BVI”) following the death of the sole shareholder can be a complicated, costly and time consuming processes. To alleviate the difficulties that can arise, you or your client, may wish to consider making a BVI Will.
We summarise below the process by which shares in a BVI Company can transfer following the death of the sole shareholder.