In the Matter of Gulf Investment Corporation et al v The Port Fund LP et al (“Gulf Investment”) and the earlier judgment of Dorsey Ventures Limited v XIO GP Limited (“Dorsey Ventures”), the Cayman Islands Grand Court provided...more
Although there are occasions when formal insolvency proceedings are unavoidable, there are many cases where a consensual, out-of-court approach is more appropriate and desirable.
We are often engaged to assist creditors,...more
The successful appeal by dissenting shareholders in Trina Solar provides key insights into the importance of establishing a robust merger process, the company’s burden to make all relevant information available in appraisal...more
10/17/2023
/ Appeals ,
Cayman Islands ,
Companies Act ,
Conflicts of Interest ,
Corporate Restructuring ,
Dispute Resolution ,
Dissenting Opinions ,
Insolvency ,
Mergers ,
Shareholders ,
UK ,
Valuation
In a series of recent judgements, the Cayman Islands Grand Court has celebrated the 25th anniversary of the introduction of the segregated portfolio company (“SPC”) regime in the Companies Act by confirming the strict...more
A warm welcome to our latest edition of Conyers Coverage. It’s been a dizzying year to date for the Cayman Islands (re)insurance industry, so it’s time for some updates and insights.
The momentum is real and the pipeline...more
8/11/2023
/ Acquisitions ,
AML/CFT ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Conflicts of Interest ,
Corporate Governance ,
Insurance Industry ,
Investment ,
Mergers ,
New Rules ,
Regulatory Agenda ,
Reinsurance ,
Required Documentation ,
Shareholders
On 20th December 2022, the Cayman Islands Court of Appeal (“CICA”) delivered its second judgment in the matter of Changyou.com Limited v Fourworld Global Opportunities Fund Ltd & others (“Changyou.com case”). The CICA...more
5/3/2023
/ Appeals ,
Appellate Courts ,
Cayman Islands ,
CICA ,
Companies Act ,
Dissenters Rights ,
Mergers ,
Shareholders ,
Short-Form Mergers ,
Stocks ,
UK Privy Council
On 11 November 2022, Mr Justice Kawaley ordered the first appointment of restructuring officers in Re Oriente Group Limited (FSD 231 of 2022) under the new Cayman Islands restructuring regime, with reserved written reasons to...more
1/12/2023
/ Advertising ,
Business Litigation ,
Cayman Islands ,
Companies Act ,
Corporate Officers ,
Corporate Restructuring ,
Creditors ,
Debt ,
Debtors ,
Insolvency ,
Restructuring ,
Winding Up Petitions
On 11 November 2022, Mr Justice Kawaley ordered the first appointment of restructuring officers in Re Oriente Group Limited (FSD 231 of 2022) under the new Cayman Islands restructuring regime, with reserved written reasons to...more
A very warm welcome to our eighth edition of Conyers Coverage. As we start to wind down on 2022 #TeamConyers is already reflecting on what a hectic and exciting year it’s been for the Cayman Islands (re)insurance industry –...more
12/2/2022
/ AML/CFT ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Corporate Counsel ,
Corporate Governance ,
Economic Substance Doctrine ,
Environmental Social & Governance (ESG) ,
EU ,
Insolvency ,
Insurance Industry ,
Investment ,
Mediation ,
Regulatory Agenda ,
Segregated Portfolio Companies ,
Taxation
In a recent judgment in the case of Re Changyou.com Limited, CICA (Civil) Appeal 6 of 2021, delivered on 16 September 2022, the Cayman Islands Court of Appeal has applied the interpretative provisions of section 25 and...more
10/4/2022
/ Acquisitions ,
Appeals ,
Appellate Courts ,
Cayman Islands ,
CICA ,
Companies Act ,
Compensation ,
Dissenters Rights ,
Incorporation ,
Mergers ,
Shareholders ,
Short-Form Mergers ,
Stocks ,
UK Privy Council
We are pleased to bring you the summer 2022 edition of Conyers Coverage, the Cayman Islands insurance newsletter.
The Cayman Islands insurance and reinsurance industry has had a strong start to the year and Conyers is...more
7/22/2022
/ AML/CFT ,
Anti-Money Laundering ,
Cayman Islands ,
Companies Act ,
Compliance ,
EU ,
Funding ,
Insolvency ,
Insurance Industry ,
Investment ,
Limited Liability Company (LLC) ,
New Rules ,
Pari Passu ,
Private Equity Funds ,
Regulatory Requirements ,
Reinsurance ,
Restructuring
A fundamental principle of insolvency law in the Cayman Islands is that upon the commencement of a liquidation of a company, a line is drawn in the sand and the assets of an insolvent company should be distributed on a pari...more
The demand for Special Purpose Acquisition Company (SPAC) formations in the Cayman Islands increased through the first quarter of 2021 following robust performance in 2020. Whilst the second quarter of 2021 has seen a...more
5/17/2021
/ Acquisitions ,
Board of Directors ,
Capital Raising ,
Cayman Islands ,
Corporate Governance ,
Domicile ,
Fiduciary Duty ,
Initial Public Offering (IPO) ,
Jurisdiction ,
Mergers ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Special Purpose Acquisition Companies (SPACs)