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The memorandum and articles of association can only be amended by a special resolution, [19] which under Cayman Islands law normally means a two-thirds majority, although this can be increased under the articles of association. [20] The company's memorandum and articles may be supplemented by a shareholders' agreement.
For example, in the United Kingdom under the Companies Act 1985, an extraordinary resolution was a resolution passed by not less than 75% of the members, whereas a special resolution was a resolution passed by the same majority, but having given the members not less than 21 days' notice of the intention to put the resolution to a vote. [1]
Harney Westwood & Riegels (or Harneys) is a global offshore law firm that provides advice on British Virgin Islands, Cayman Islands, Cyprus, Luxembourg, Bermuda and Anguilla law to an international client base that includes law firms, financial institutions, investment funds, and private individuals. They have locations in major financial ...
Walkers' Cayman Islands office at 190 Elgin Avenue, George Town, Grand Cayman. Walkers is an offshore law firm headquartered on the Cayman Islands.Walkers provides legal, corporate, compliance and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
The Cayman Islands Court of Appeal is the highest court on the Islands, but a final appeal may be heard by the Judicial Committee of the Privy Council sitting in London. The Grand Court, ranking below the Cayman Islands Court of Appeal, was first created in 1877 as a court of special limited jurisdiction by statute.
The Parliament of the Cayman Islands is the unicameral legislature of the British Overseas Territory of the Cayman Islands. It is composed of 21 members; 19 elected members for a four-year term and two members ex officio. [1] The Governor may at any time, by Proclamation, prorogue or dissolve the Parliament.
Cayman Enterprise City consists of three special economic zones; Cayman Tech City, Commodities & Derivatives City, and Maritime & Aviation City. [9] Since its launch in February 2012, the Cayman Enterprise City special economic zones have attracted over 250 companies to set up a physical office presence within the three zones.
Cayman Islands bankruptcy law is principally codified in five statutes and statutory instruments: the Bankruptcy Law (1997 Revision) the Companies Law (2013 Revision)