Judgment
In the Matter of 58.com - Ruling on Summons for Directions
[2022] CIGC (FSD) 275
· FSD 0275/2020 (MRHJ) · 2022-03-08
Cayman Islands company carrying on business in the People’s Republic of China - Privatization of the company - Shareholders dissenting from acquisition on basis that fair value not offered for their shares - Application by the company under Section 238 of the Companies Law for the Court’s assessment of fair value - Directions for trial of fair value issue - scope of Dissenter disclosure - Re Qunar Cayman Islands Ltd (CICA no. 24 of 2017) - whether subject - matter expert required. Company Law; Mergers and Acquisitions; Shareholder Remedies; Civil Procedure; Evidence and Discovery
Full metadata
| Neutral Citation | [2022] CIGC (FSD) 275 |
|---|---|
| Cause Number | FSD 0275/2020 (MRHJ) |
| Court | CIGC (FSD) |
| Judge | Ramsay-Hale J |
| Parties | In the Matter of 58.com - Ruling on Summons for Directions |
| Judgment Date | 2022-03-08 |
| Subject | Cayman Islands company carrying on business in the People’s Republic of China - Privatization of the company - Shareholders dissenting from acquisition on basis that fair value not offered for their shares - Application by the company under Section 238 of the Companies Law for the Court’s assessment of fair value - Directions for trial of fair value issue - scope of Dissenter disclosure - Re Qunar Cayman Islands Ltd (CICA no. 24 of 2017) - whether subject - matter expert required. Company Law; Mergers and Acquisitions; Shareholder Remedies; Civil Procedure; Evidence and Discovery |
| Filename (current) | 22-03-08-58.Com-Inc.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 238 | 3 |
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