Principal Tim McAnally Examines Recent Decisions by the Grand Court in the Cayman Islands in New Article
Principal Tim McAnally recently authored an article examining recent decisions by the Grand Court in the Cayman Islands and exploring what they reveal about the continuing evolution of appraisal litigation there.
Section 238 of the Cayman Islands Companies Act provides dissenting shareholders with a statutory right to be paid the “fair value” of their shares following a merger. On September 30, 2025, the Judicial Committee of the Privy Council delivered a long-awaited decision in Maso Capital Investments Ltd v Trina Solar Ltd, which provided authoritative guidance on the role of valuation methodologies in determining fair value. Since then, three different judges of the Grand Court have issued three major appraisal judgements, and, despite a common legal framework, the outcomes diverged significantly.
The full article, “Divergent Paths in Cayman Islands Appraisal Decisions After Trina Solar,” is available below.
