Cayman: Grand Court rules in favour of National Conservation Council in Judicial Review
Grand Cayman – In a decision released 23 August 2022, the Grand Court of the Cayman Islands confirmed that the National Conservation Act (2013) provides the National Conservation Council (NCC) with the ability to direct government bodies in circumstances where…
UK’s Privy Council confirms Cayman Islands GC decision ‘redeemed’ Madoff investors are creditors
By Helen Burggraf From International Investment In what has been called a decision “of significant interest to the fund industry”, the UK’s Privy Council has upheld a ruling by the Cayman Islands Grand Court which held that redeemed but unpaid investors…
Leave for Cayman derivative actions – international or domestic only?
From APPLEBY Overview The rules of court in the Cayman Islands control shareholders’ entitlement to issue proceedings in the name of their company. A recent decision of the Appellate Division of the New York Supreme Court has confirmed that any…
