Guide
Confirmation: dissenting shareholders are entitled to interim payments
10 August 2017
The Grand Court has confirmed its previous decision that it has jurisdiction to order that a company subject to a "fair value" proceeding pursuant to section 238 of the Companies Law make interim payments to dissenting shareholders. This decision has a significant impact on other cases before the Court and on fair value determinations in the Cayman Islands generally.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
