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Who Moved My Class Rights? - A Short Study of Cayman Islands Law on Variation of Class Rights

December 2009 - Litigation & Dispute Resolution. Legal Developments by Ogier .

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The basic question is whether under Cayman Islands Law, a variation of a right attaching to a particular class of shares has to be consented to by special majority of the members? In other words, can the Article authorising the variation of class rights specify a simple majority or some other majority?

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