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Boards of offshore companies often have to make difficult commercial decisions where the contractual consequences are not clear-cut. This can be particularly challenging in structures involving SPVs, holding companies and joint venture vehicles, where contractual obligations may sit with one entity…
The UK Supreme Court has recently delivered judgment in Skatteforvaltningen v MCML Ltd which has helped focus the parameters of estoppel, together with previous landmark decisions, such as Tinkler v HMRC estoppel by convention (Harneys' article on Tinkler can be viewed here), and Guest v Guest, reg…
The recent judgment in China Export & Credit Insurance Corporation v Hyalroute Communication Group Limited (No.3) sets out the costs consequences of a dismissed winding-up petition based on a bona fide dispute. It also clarifies the scope of GCR O62, r18, which governs recovery of foreign lawye…
The recent decision of the Grand Court of the Cayman Islands in In the Matter of Logan Group Company Limited provides a useful reminder of the principles governing the sanctioning of schemes of arrangement under section 86 of the Cayman Islands' Companies Act. The Court's clear articulation of the …
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