December 6, 2023

Cayman Court exercises Inherent Jurisdiction to restore a de-registered company

From Conyers Sep 2023 Introduction In a recent judgment Re Cradle Holdings Inc. (FSD 318 of 2022, unreported, 4 September 2023), the Chief Justice of the Cayman Islands ruled on the novel issue as to whether and by what route a company which has been de-registered could be restored to the register of companies, where there is […]

Cayman Court of Appeal rules in favour of NCC

In a decision released 1 September, the Cayman Islands Court of Appeal confirmed that the National Conservation Act (2013) provides the National Conservation Council (NCC) with the ability to direct government bodies in circumstances where actions could have an adverse effect on protected areas or species. Premier and Minister for Sustainability & Climate Resiliency, Hon. […]

Cayman: Court decision to delay referendum

Verdant Isle Port Partners look forward to the outcome of the judicial review hearing for the proposed cruise berthing and cargo port project, which is expected take place in January 2020. Verdant Isle Port Partners believes the information being distributed to date via a variety of channels including public and stakeholder meetings, social media, online […]

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

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

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

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

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

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

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

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). […]