The Cayman Islands’ statutory merger regime is set out in the Companies Act and the Limited Liability Companies Act which provide a process for ‘merger’ or ‘consolidation’ of companies.
A ‘merger’ is where the assets, rights, obligations and liabilities of two or more companies are assumed by one of those entities and ‘consolidation’ is where the assets, rights, obligations and liabilities of two or more companies are assumed by a new company, in each case without requiring court approval.
Download the PDF to read more.
Related content
Article
The introduction of the consent regime into the Cayman Islands Proceeds of Crime Act (Revised)
Article
The BVI, Cayman Islands, and Bermuda – Current practice, enforcement, and emerging trends
Article
The importance of the Common Reporting Standards to Cayman Islands entities – What to do and when to do it