Cayman Court definition
Examples of Cayman Court in a sentence
No indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that any court in which the Proceeding was brought or the Cayman Court shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification.
But we may reverse these orientations such that e1 goes from B to A and e2 from A to B.
If the Dissenting Aquila Shareholders do not agree with the fair value determined by the Aquila Board and file a petition with the Cayman Court for a determination of the fair value of the Dissenting Aquila Shares, the Cayman Court will determine the fair value of the Dissenting Aquila Shares as at the date of the EGM at which the Merger is approved.
On March 20, 2012, the Cayman Court entered an order (the “Commencement Order”) enjoining creditors from taking actions against AIHL in the Cayman Islands, appointing Gordon MacRae and Simon Appell of Zolfo Cooper (Cayman) Limited as joint provisional liquidators of AIHL (the “JPLs”) pursuant to s.104(3) of the Cayman Companies Law (2011 Revision), and also staying the winding-up of AIHL.
On August 30, 2012, the Cayman Court approved the JPLs’ entry into the Cross Border Protocol, and on September 11, 2012, the Bankruptcy Court entered an order authorizing AIHL to execute the Cross Border Protocol [Docket No. 471].