Cayman Islands: Shareholders

When a majority shareholder sought to remove directors through an extraordinary general meeting, the board attempted to postpone the vote indefinitely using broadly drafted powers in the company's articles of association. The Cayman Grand Court was asked to determine whether such procedural mechanisms could be deployed to effectively neutralise fundamental shareholder rights, and whether directors could entrench themselves by blocking the very votes intended to remove them.

The case arose from a joint venture dispute with its origins in a debt-for-equity restructuring. From 2018 onwards, Haitong International Securities Group Limited (Haitong)...

The Cayman Islands operates as a common law jurisdiction based on the English model, offering diverse corporate vehicles including exempted companies, limited liability companies, and exempted limited partnerships. With no income, corporate, or capital gains taxes, the jurisdiction provides flexible structures for international business operations while maintaining robust regulatory frameworks for corporate governance, employment law, and anti-money laundering compliance.

The Cayman Islands Court of Appeal (CICA) has recently handed down its decision[1] following the jointly heard appeals in Re HQP Corporation Limited (in Official Liquidation)...

Segregated portfolio companies (collectively, "SPCs" and individually, an "SPC") are commonly used in the Cayman Islands as fund vehicles for umbrella funds.

Walkers represented the joint official liquidators of HQP Corporation Limited (in Official Liquidation) in a landmark decision in which the Court of Appeal...

Minority shareholders often query whether a jurisdiction's laws afford them a level of comfort or protection. Although there is no standalone statutory remedy under the Cayman Islands Companies Act...

The Cayman Islands continues to be a jurisdiction of choice for the establishment of investment funds.

In 2024, the global M&A market saw an 8% increase in deal values compared to 2023, reaching USD3.4 trillion.