Risky business: directors’ indemnities and exculpation in the Cayman Islands
In the Cayman Islands, where there is no specific law on directors’ duties, it’s common for company articles of association or service contracts to limit or exclude directors’ liability or indemnity. Partner Nick Hoffman and senior associate Gráinne King from Harneys examine some of the key terms found in these limitation or exclusion clauses, as well as a number of fresh developments in Cayman Islands case law.
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