Cayman Court confirms Redemption Creditors' entitlement to Statutory Interest
[Dynamic date]
04 October 2018
In a recent decision, the Grand Court of the Cayman Islands determined, for the first time, the question of whether a redeemed but unpaid investor is entitled to receive statutory interest on its debt for the period it remains unpaid.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
