The BVI and the Cayman Islands both have regimes in place to address unfair prejudice suffered by shareholders, although each jurisdiction approaches the issue differently.
The threshold for successfully bringing an...more
3/12/2025
/ British Virgin Islands ,
Business Entities ,
Cayman Islands ,
Companies Act ,
Corporate Dissolution ,
Corporate Governance ,
Corporate Misconduct ,
Minority Shareholders ,
Shareholder Litigation ,
Shareholders ,
Unfair Prejudice ,
Winding Up Petitions
Where a debt is due under an agreement (and assuming there is no binding non-petition clause in effect), it is possible to take steps to wind up the company without first proceeding to arbitration, in accordance with the...more
A Cayman Islands scheme of arrangement is a court approved compromise or arrangement between a company and its creditors or shareholders (or classes thereof). A scheme of arrangement is frequently used to implement a...more