November 14, 2019

Cayman Court of Appeal overturns CJ’s decision on same-sex marriages

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Today (7 Nov 2019) The Cayman Islands Court of Appeal have overturned Chief Justice Anthony Smellie’s judgement that Chantelle Day and Vickie Bodden Bush can get married here in the Cayman Islands. In a lengthy 37 page judgement the Court of Appeal Judges concluded: “We well understand how and why the Chief Justice reached his […]

Hedge fund fights over stem-cell company’s value in Cayman Court

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By Bei Hu From Bloomberg Jayhawk wants court-assessed value for Global Cord Blood stake  Suit claims Global Cord directors not independent, impartial A case brought by a U.S. hedge fund against China’s Global Cord Blood Corp. may set a precedent in the Cayman Islands for other minority shareholders who feel shortchanged by all-share mergers. Jayhawk Capital Management […]

Cayman Islands: Court grants Mandatory Arbitration Stay in Winding Up proceedings

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By Nick Dunne, Andrew Gibsin abd Xia Li – Walkers From Mondaq In the recent case of In the matter of China CVS (Cayman Islands) Holding Corp., Kawaley J of the Grand Court of the Cayman Islands (the “Court“) provided some helpful clarity in determining the question of when the mandatory arbitration stay under Section 4 […]

Anglian Water Services Financing Plc – Removal of Cayman Islands Company

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Anglian Water Services Financing Plc Anglian Water requests Cayman Court consent to progress with the removal of its Cayman Islands company Anglian Water has petitioned the Cayman Islands High Court in connection with the removal of its Cayman Islands holding company Anglian Water Services Overseas Holdings Limited, which has always been registered in the UK […]

Cayman Islands: Acorn International settles lawsuit against former directors

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SHANGHAI, Aug. 4, 2017 /PRNewswire/ — Acorn International, Inc. (NYSE: ATV) (“Acorn” or the “Company”) today announced that it entered into a settlement agreement on July 28, 2017 (concluding with the related share buyback onAugust 3, 2017) (the “Settlement Agreement“) relating to (among other things) a claim filed on December 1, 2016 in the Grand Court […]

Acorn International sues former directors, Andrew Y. Yan, Gordon Xiaogang Wang and Jing Wang for misconduct and USD43m in damages

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SHANGHAI, April 19, 2017 /PRNewswire/ — Acorn International, Inc. (NYSE: ATV) (“Acorn” or the “Company“) stated today that the Company continues to focus on enhancing corporate governance standards as it pursues damages claims against former directors Andrew Y. Yan, Gordon Xiaogang Wang, and Jing Wang for misconduct by suing them in court. Claims against Former Directors for Misconduct  […]

Cayman Islands Calling: Freezing injunction’s longer reach

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From Campbells In Batista[1], the Grand Court has clarified that the scope of the statutory jurisdiction to grant a freezing order in support of foreign proceedings may extend to a person outside the jurisdiction, whether or not that person has assets within the Cayman Islands (although on the facts there were assets in the Islands). […]

Cayman Court enforces agreement not to liquidate a Limited Partnership

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From Solomon Harris Rhone Holdings LP, In the matter of A July 2015 Cayman islands (‘CI’) judgment dismissed a winding up petition (‘Petition’), holding that it was an abuse of process for Petitioners to present a petition to wind up a CI Exempted Limited Partnership (‘ELP’) when they were contractually precluded from doing so by […]

iNews Briefs

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Search continues for two missing after Suriname-owned vessel capsizes From Caribbean360 GEORGETOWN, Guyana, Friday August 15, 2014, CMC – Rescue teams are expected to continue the search on Friday for two men still missing after their vessel capsized off the Corentyne Coast in Guyana’s waters earlier this week. Two other men have been rescued, but […]

Cayman collaboration: Using the Cayman Islands provisional liquidation procedure in support of US Chapter 11 Proceedings

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By Aristos Galatopoulos and Caroline Moran, Maples and Calder Introduction Cross border insolvencies can pose significant challenges to practitioners aiming to conduct an orderly and cost efficient wind down or restructuring process. A single insolvency process is rarely sufficient to protect assets located outside the local jurisdiction because foreign creditors will not necessarily be bound […]