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In its recent judgment of In the Matter of Qunar Cayman Islands Limited,(1) the Grand Court confirmed and clarified how interest on awards in Section 238 proceedings is to be calculated and how the costs of such proceedings are to be determined. The judgment helpfully clarifies that the midpoint approach previously taken in Shanda(3) is the correct methodology for determining the fair rate of interest payable in Section 238 proceedings. This will be welcomed by dissenting shareholders, partic...

In its recent judgment of In the Matter of Qunar Cayman Islands Limited,(1) the Grand Court confirmed and clarified how interest on awards in Section 238 proceedings is to be calculated and how the costs of such proceedings are to be determined. The judgment helpfully clarifies that the midpoint approach previously taken in Shanda(3) is the correct methodology for determining the fair rate of interest payable in Section 238 proceedings. This will be welcomed by dissenting shareholders, partic...

Zaki Cooper is Co-Founder of Integra Group (Photo by Duncan McGlynn/Getty Images) Zaki Cooper, Co-Founder of Integra Group says NO The Royal Family have an enduring importance in Britain, in our lives and our hearts. Every day, they champion important organisations at the heart of our communities. The family is an ancient institution which has adapted subtly over the ages and must continue to do so to cater for the needs of today. Over the last year, the Royals have been a key point of leadersh...