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Welcome to our media pages which contain client advisories, articles, press releases and details about upcoming events.

Nothing is illuminated: Shanda Games in the Privy Council

24 Feb 2020
Guy 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.

Clawback’s back (back again): The Privy Council rules on the power of a Cayman liquidator to rectify the register of members

04 Feb 2020
In 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.