Client Advisories
Sign up here to receive updatesA Guide to the Enforcement of Foreign Arbitral Awards in the Cayman Islands and the British Virgin Islands
04 Mar 2020This article provides a general overview of the procedure for the enforcement of foreign arbitral awards in each of the two jurisdictions.
unfold
Nothing is illuminated: Shanda Games in the Privy Council
24 Feb 2020Guy Manning and Hamid Khanbhai discuss the Privy Council’s first consideration of an appraisal action brought under section 238 of the Companies Law of the Cayman Islands. The Board considered a narrow question of how a dissenter’s shares should be valued.
unfold
Clawback’s back (back again): The Privy Council rules on the power of a Cayman liquidator to rectify the register of members
04 Feb 2020In Pearson v Primeo [2020] UKPC 3, the Privy Council considered an appeal by a liquidator on the scope of section 112(2) of the Companies Law (2018 Revision) of the Cayman Islands. The provision relates to a liquidator’s power “to settle and if necessary rectify the company’s register of members, thereby adjusting the rights of members amongst themselves”. The power arises only in the context of a solvent liquidation of a company which has issued redeemable shares at prices based upon its net asset value.
unfold