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Cayman Companies: New Merger and Consolidation Provisions

May 2009 - Corporate & Commercial. Legal Developments by Ogier .

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Following the amendments to the Companies Law (2007 Revision) (“Companies Law”) changing the provisions of that law relating to the winding up of companies, further amendments have been enacted, introducing new provisions for mergers and consolidations of companies. These amendments, contained in the Companies (Amendment) Law, 2009 are expected to come into effect before the end of April 2009.