Live Breaking News & Updates on Farrah sbaitiat ogier

Stay informed with the latest breaking news from Farrah sbaitiat ogier on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Farrah sbaitiat ogier and stay connected to the pulse of your community

Approach to interest and costs in Section 238 proceedings confirmed

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, particularly where the company has a relatively high cost of borrowing and/or where the prudent investment rate of return has been high during the period that they have been kept out of their money. However, the precise midpoint will always be fact specific and is likely to be the subject of expert evidence in most cases.

China , Chinese , Farrah-sbaitiat-ogier , Justice-parker , Companies-law , Matter-of-qunar-cayman-islands , Integra-group , Segalj-grand-court , Citation-of-acts-parliament-law , Qunar-cayman-islands , Shanda-games , Qunar-cayman-islands-limited

Approach to interest and costs in Section 238 proceedings confirmed

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, particularly where the company has a relatively high cost of borrowing and/or where the prudent investment rate of return has been high during the period that they have been kept out of their money. However, the precise midpoint will always be fact specific and is likely to be the subject of expert evidence in most cases.

China , Chinese , Farrah-sbaitiat-ogier , Justice-parker , Companies-law , Matter-of-qunar-cayman-islands , Integra-group , Segalj-grand-court , Citation-of-acts-parliament-law , Qunar-cayman-islands , Shanda-games , Qunar-cayman-islands-limited

Short-form mergers: Changyou.com judgment confirms appraisal rights

The Grand Court has confirmed that shareholders of companies that effect a short-form merger pursuant to Section 233(7) of Part XVI of the Companies Act (2021 Revision) are entitled to be paid the fair value of their shares on dissenting from the merger under Section 238 of the act. The eagerly awaited judgment in <I>Changyou.com</i> clarifies an issue which was previously the subject of extensive debate and provides welcome certainty to minority shareholders of Cayman companies.

China , Grand-cayman , 00 , Cayman-islands , Cayman , Farrah-sbaitiat-ogier , Exchange-commission , Court-under-section , Nasdaq , Grand-court , Companies-act , Cayman-islands-incorporated