Disputes amongst shareholders, and the litigation that follows, are commonplace in financial centres such as the Cayman Islands. To put this into context, and while estimates range, there are believed to be in excess of 100,000 companies worldwide incorporated in the Cayman Islands. This is not surprising, given that it is a sophisticated jurisdiction with a well-developed legal system, which has produced a rich line of jurisprudence regarding shareholder disputes. In particular, many of these disputes involve complaints brought by minority shareholders to the effect that their rights are being infringed or their shares are being expropriated.

Comparative considerations

In England, there are broadly two statu...

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