Offshore Litigation

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Offshore Litigation

The Offshore Litigation Blog is where you will find recent case updates, offshore litigation news, offshore filings lists, interviews and even some insights into island life, written by Harneys litigators from around the world.

Contributors

Jonathan Addo
Jonathan Addo
  • Jonathan Addo

  • Partner
  • British Virgin Islands
Ian Mann
Ian Mann
  • Ian Mann

  • Partner
  • Hong Kong
Nick Hoffman
Nick Hoffman
  • Nick Hoffman

  • Partner
  • Cayman Islands
Vicky Lord
Vicky Lord
  • Vicky Lord

  • Partner
  • Hong Kong
Chai Ridgers
Chai Ridgers
  • Chai Ridgers

  • Partner
  • Hong Kong
William Peake
William Peake
  • William Peake

  • Partner
  • London
Peter Ferrer
Peter Ferrer
  • Peter Ferrer

  • Partner
  • British Virgin Islands
James Noble
James Noble
  • James Noble

  • Partner
  • Singapore
Jeremy Child
Jeremy Child
  • Jeremy Child

  • Partner
  • London
Claire Goldstein
Claire Goldstein
  • Claire Goldstein

  • Partner
  • British Virgin Islands
Jayson Wood
Jayson Wood
  • Jayson Wood

  • Partner
  • Cayman Islands
Phillip Kite
Phillip Kite
  • Phillip Kite

  • Partner
  • London
Stuart Cullen
Stuart Cullen
  • Stuart Cullen

  • Partner
  • British Virgin Islands
Lorinda Peasland
Lorinda Peasland
  • Lorinda Peasland

  • Consultant
  • Hong Kong
Paul Madden
Paul Madden
  • Paul Madden

  • Partner
  • Cayman Islands
Jessica Williams
Jessica Williams
  • Jessica Williams

  • Partner
  • Cayman Islands
Paula Kay
Paula Kay
  • Paula Kay

  • Partner
  • Hong Kong
Andrew Thorp
Andrew Thorp
  • Andrew Thorp

  • Partner
  • British Virgin Islands
Henry Mander
Henry Mander
  • Henry Mander

  • Partner
  • Cayman Islands
Andrew Johnstone
Andrew Johnstone
  • Andrew Johnstone

  • Partner
  • Hong Kong
Nicola Roberts
Nicola Roberts
  • Nicola Roberts

  • Partner
  • Hong Kong
Julie Engwirda
Julie Engwirda
  • Julie Engwirda

  • Partner
  • Hong Kong
Paul Smith
Paul Smith
  • Paul Smith

  • Partner
  • Cayman Islands

Exceptions to worldwide freezing orders: English High Court confirms it is not for the Court to second-guess directors

In the recent case of Vneshprombank v Bedzhamov the English High Court held that when considering whether a payment is in the “proper and ordinary course of business”, once the directors of a company have come to a bona fide decision that expenditure was in the company’s interests, it is not for the Court to second-guess their decision.

Anya Park, Jessica Williams,
Claire Goldstein, Ian Mann

Delaware Courts revive Unaffected Trading Price as indicator of Fair Value

In a recent decision of the Delaware Court of Chancery, which will be of particular interest to parties involved in Cayman Islands ‘section 238’appraisal litigation, Vice Chancellor Joseph Slights dealt strategic investors a significant blow by relying solely on the unaffected trading price to determine fair value. Although it remains to be seen whether the Cayman Islands Courts will adopt a similar approach under section 238 of the Cayman Islands Companies Law, the decision in In re: Appraisal of Jarden Corporation is a particularly stinging loss for appraisal investors.

Mark Burrows, Nick Hoffman,
Ian Mann, James Noble

A delay in applying for worldwide freezing order is not always fatal

In the recent case of PJSC National Bank v Mints the English High Court found that a six month delay in applying for a worldwide freezing order (WFO) did not mean there was no real risk of dissipation, and the delay was readily understandable given the complexity of the case. The decision will be useful for practitioners in the Cayman Islands given the FSD Judges often draw guidance from English principles when considering applications for injunctive relief.

Anya Park, Jessica Williams,
Paula Kay, Peter Ferrer