Shaun Maloney

Sep 23, 2024 | lexology.com | Shaun Maloney |James Clifford |Rebecca Findlay |Jade Parker

In a recent Abraaj-related decision, the Cayman Islands Court of Appeal provided valuable guidance on the availability of anti-suit injunctions in the jurisdiction and the extent of the Cayman Islands courts’ regard to English legal authorities. In IGCF SPV 21 Limited v Al Jomaih Power Limited and Denham Investment Ltd (Unreported, 2 July 2024, Smellie JA, Field JA, Martin JA), the Cayman Islands Court of Appeal (CICA) heard an appeal against an anti-suit injunction granted by the Grand Court.

Feb 18, 2024 | mondaq.com | Shaun Maloney |Dunzelle Daker

Section 238 of the Cayman Islands Companies Act (2023 Revision) (the Act) provides a mechanism by which shareholders can dissent from mergers and consolidations and have the fair value of their shares determined by the Grand Court of the Cayman Islands (the Court).

Dec 6, 2023 | irishnews.com | Séamas McAleenan |Shaun Maloney |Andy Watters

Danske Bank MacRory Cup round threeIN Wednesday night’s MacRory Cup action, Conal McGeough’s late, late goal rescued a draw for Abbey (2-7 to 1-10) in a tough battle against Monaghan side St McCartan’s. McGeough rattled the net in a low-scoring first half, which the Newry side led 1-3 to 0-3.  McCartan’s pulled a goal back with 10 minutes remaining to lead by two points and they looked odds-on to see the game out before McGeough completed his brace for a share of the spoils.

Jul 31, 2023 | mondaq.com | Shaun Maloney

Introduction Interim payments are an important aspect of section 238 appraisal proceedings, allowing dissenting shareholders receive a substantial sum pending the final determination of the fair value of their former shareholdings in a company.

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.