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The recent Cayman Islands Court of Appeal decision in Camulos v. Kathrein & Co. helps clarify and narrow the potential scope of the new Cayman Islands’ oppression remedy section of the Companies Law (2009 Revision) (the “Companies Law”), section 95(3), which gives the Court jurisdiction to make certain orders in the alternative to a winding up order when a petition is presented by an investor. It also sends a clear message that winding up petitions should not be used to place improper or undue pressure on investment funds to accede to investor demands.
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Recent Case Law: Camulos v. Kathrein