January 29, 2023

Preliminary Hurdle for Cayman Derivative Claims Does Not Bar Suit in New York

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By Elizabeth C. Quirk, Stephen P. Younger, Patterson Belknap Webb & Tyler LLP From Lexology Cayman Islands, USA November 27 2017 A shareholder bringing a contested derivative claim in the Cayman Islands must seek leave from the court before proceeding. This litigation prerequisite — imposed by Rule 12A of the Rules of the Grand Court […]