Mergers are a favoured method of takeover or restructuring in the Cayman Islands, and the jurisdiction's clear and flexible merger framework is increasingly being used to implement high-profile takeovers and group restructurings. The recent Grand Court decision in Integra provides much-needed guidance on what considerations should be taken into account in determining fair value, which is likely to provide comfort to parties seeking to explore the Cayman Islands merger framework.

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For further information on this topic please contact Paul Madden at Harneys by telephone (+1 345 949 8599) or email (paul.madden@harneys.com). The Harneys website can be accessed at www.harneys.com.

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