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Christopher Harlowe

Christopher Harlowe

Cayman Islands
Partner

Justine Lau

Justine Lau

Hong Kong
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Simon Dickson

Simon Dickson

Cayman Islands
Partner

Jessica Vickers

Jessica Vickers

Cayman Islands
Senior Associate

Harry Rasmussen

Harry Rasmussen

Cayman Islands
Senior Associate

Nord Anglia Education, Inc: Grand Court decides Cayman's most significant s.238 fair value appraisal case

[Dynamic date]

18 March 2020

The Grand Court of the Cayman Islands has recently released its decision on the most significant s.238 fair value appraisal case of its kind in the jurisdiction, determining that fair value of the dissenting shareholder's shares represents a blended value derived from the transaction price and an adjusted discounted cash flow (DCF) valuation, applying them on a 60/40 split respectively. Mourant acted for 22 of the 32 dissenting shareholders and was successful in securing a fair value determination in excess of the transaction price.