By Maya Lester KC & Michael O’Kane

Cayman judgment on “use” of funds

The Grand Court of the Cayman Islands has held that the exercise of voting rights by the shareholders of an investment fund to change the directors of the fund was not a “use” of shares within the meaning of the UN Libya sanctions regime, nor a “circumvention” of its prohibitions. The court said the provisions should be interpreted restrictively to...

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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