The article discusses the evolution of valuation approaches in the Grand Court of the Cayman Islands.
In recent years, the Grand Court of the Cayman Islands has heard a number of “appraisal cases”—cases in which shareholders who dissent against a proposed merger or acquisition petition the Grand Court for an appraisal of the “fair value” of their shares—and has engaged with different valuation approaches in the context of determining fair value of a target company’s shares.
Coauthors Paul Zurek, Alexander Vasaly, and Matt Lord examine the seven Cayman Islands appraisal cases to date in which the Grand Court has ruled on fair value. This article highlights the valuation approach that the Grand Court adopted in each case, as well as summarizes the circumstances that the Grand Court discussed in selecting its preferred approach.
San Francisco 
