Court of Appeal Cayman Islands Palladyne judgment on UN Libya sanctions

The Court of Appeal of the Cayman Islands has rejected an appeal brought by Palladyne International Asset Management (PIAM) – PIAM v Upper Brook (A) Ltd & Ors (18 November 2019) CICA Appeal No 5 of 2019. The Court of Appeal affirmed the judgment below in holding that the adoption of resolutions to appoint or dismiss directors by companies whose …