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Herald v Primeo: The Court Of Appeal Clarifies The Status And Priority Of Unpaid Redemption Creditors
In a recent judgment, the Cayman Islands Court of Appeal (the "Court") has upheld the decision of the Grand Court which found that investors who have redeemed their shares but remain unpaid at the commencement of a company's liquidation are entitled to prove in the liquidation for their redemption proceeds as a creditor.
Cayman Islands
4 Aug 2016
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