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Cayman court gets round “Emmadart” principle in helicopter group restructuring

By Jack Barton

22 February 2017

Cayman court gets round “Emmadart” principle in helicopter group restructuring CHC manufactures helicopters iStock.com/vshivkova

A Cayman Islands court has allowed directors of helicopter group CHC to appoint provisional liquidators over the group’s parent without shareholder authorisation, finding a way to get around the authority of the common law Emmadart principle.