Mergers Involving Cayman Islands Company

Amendments to the Companies Act (as Revised) of the Cayman Islands has streamlined the mechanics for implementing mergers involving Cayman Islands companies. The legal effect of a merger is that the surviving company assumes all of the undertakings, property, assets, rights, obligations and liabilities of every non-surviving entity and the separate existence of the other companies involved in the merger ceases upon the merger becoming effective.