In the matter of Integra Group [2015] CIFsd 29 (10 September 2015)

In the matter of Integra Group [2015] CIFsd 29 (10 September 2015)

The scheme of arrangement is sanctioned as it meets statutory requirements, has majority approval, and is not unfair to minority shareholders.

Citation
[2015] CIFsd 29
Parties
Subject Company: Integra Group
Jurisdiction
Cayman Islands
Judgment Date
10 September 2015
Procedural Posture
Company Law Application / Judgment
Outcome
scheme sanctioned
Legal Topics
Scheme of Arrangement, Minority Shareholder Protection

Case Brief

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Parties

Integra Group

Subject Company

Procedural Posture

Company Law Application / Judgment

  1. 1 Whether the scheme of arrangement should be sanctioned
  2. 2 Whether minority shareholders are adequately protected

Ratio Decidendi

The scheme of arrangement is sanctioned as it meets statutory requirements, has majority approval, and is not unfair to minority shareholders.

Court Disposition

scheme sanctioned

Orders

  • Scheme of arrangement approved and sanctioned.
  • Company to notify shareholders and implement scheme as per terms.