Joey C. Cheung

Dec 10, 2024 | bccpa.ca | Dan Eisner |Ron Monteiro |Michelle McRae |Joey C. Cheung

Recently, the word “inflation” has been front and center from a consumer perspective, and it continues to be a significant issue for employee benefits plans, averaging about 6% per year over the past 25 years. Over the past three years we saw annual inflation rates higher than this historical average, but we also saw a decreasing trend. The good news for 2025 is that these decreases have continued, but the bad news is that employee benefits inflation is still above general market inflation.

Jul 19, 2023 | lexology.com | Shaun Maloney |Joey C. Cheung |Michael Snape

IntroductionBackgroundDecisionCommentIntroductionIn September 2022 the Grand Court of the Cayman Islands delivered final judgment in FGL Holdings,(1) an appraisal action arising out of a section 238 dissent to a Cayman merger.(2) (For further details please see "FGL Holdings – Cayman Court determines fair value at transaction price".)Parker J ruled that the fair value of the dissenting shareholders' former shares was the same as the merger price that had originally been offered to them.

Jun 8, 2023 | mondaq.com | Shaun Maloney |Michael Snape |Joey C. Cheung

The dissenting shareholders in Trina Solar1 have successfully challenged the fair value awarded to them by the Grand Court of the Cayman Islands, improving the appraisal landscape for future dissenters in the jurisdiction. The Cayman Islands Court of Appeal threw out the merger price altogether, and placed a 70% weighting on a positively adjusted discounted cash flow valuation.

May 30, 2023 | mondaq.com | Shaun Maloney |Michael Snape |Joey C. Cheung

As we previously reported in our briefing FGL Holdings - Cayman Court determines fair value at transaction price, in September 2022 the Grand Court of the Cayman Islands delivered final judgment in FGL Holdings1, an appraisal action arising out of a section 238 dissent to a Cayman merger.2 Parker J ruled that the fair value of the dissenting shareholders' former shares was the same as the merger price that had originally been offered to them.