'Cayman' derivative actions abroad
[Dynamic date]
06 April 2018
The Grand Court of the Cayman Islands, in Top Jet Enterprises Limited v. Sino Jet Holding Limited & Anor (Unreported, 19 January 2018 per Segal J), held that a shareholder of a Cayman Islands company does not require leave from the Cayman courts to pursue a derivative action in a foreign jurisdiction, and identified the circumstances in which a derivative action may be brought against a third party.
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