Mergers & Acquisitions Guide 2019

1 Relevant Authorities and Legislation

1.1 What regulates M&A?

The primary sources of regulation of M&A in the Cayman Islands are the Companies Law (2016 Revision) (the "Companies Law") and common law.

Part XVI of the Companies Law facilitates mergers and consolidations between one or more companies, provided that at least one constituent company is incorporated under the Companies Law. The Limited Liability Companies Law, 2016 (the "LLC Law") also provides for a similar framework for Cayman Islands limited liability companies.

In addition:

• mergers, amalgamations and reconstructions by way of a scheme of arrangement approved by the requisite majorities of shareholders and creditors and by an order of the Cayman Islands court under section 86 or 87 of the Companies Law are still available for complex mergers (and are mirrored in the LLC Law); and