Take privates by way of a scheme of arrangement in the Cayman Islands
12 January 2021
There has been an increasing number of take-private transactions involving exempted companies incorporated in the Cayman Islands in recent years and this trend is set to continue, particularly in Hong Kong where the majority of companies listed on the main board of The Hong Kong Stock Exchange (HKEX) are Cayman-incorporated. The privatisation of a Cayman Islands company listed on the HKEX would typically be a scheme of arrangement. This guide examines the key features and requirements for taking a Cayman Islands company private by way of a scheme of arrangement.