The Cayman Islands now offers a very effective way for companies
to amalgamate. Partner, Paul Scrivener and Senior Associate, Kay
Carter, of Cayman Islands law firm, Solomon Harris, explain.
In May 2009 the Cayman Islands Companies Law (Revised) (the
"Companies Law") was amended to provide a new statutory
framework for companies to amalgamate either by way of merger or
consolidation. Previously, an amalgamation could only be achieved
by a purchase by Company A of shares in Company B, a purchase by
Company A of the business and undertaking of Company B or by a
scheme of arrangement involving a court-approved amalgamation of
Company A and Company B. None of these offer the level of relative
simplicity provided by the statutory framework for amalgamations
introduced in May 2009 and further enhanced in April 2011. This
statutory framework permits the merger or consolidation of two or
more companies, called "constituent companies" and
greatly facilitates company
