In the 12th Edition of the Mergers and Acquisitions Review, the entry regarding the Caymans Islands includes discussion of the Cayman appraisal regime and confirms what other commentators have observed: Cayman Islands appraisal is in flux as the result of appeals of some of the first major appraisal decisions in that jurisdiction.  Like in Delaware, Cayman courts have to contend with various precedents, some of which are later overturned or modified.  In particular, recent Cayman decisions have dealt with minority discounts, cost-sharing, and other issues relevant to appraisal.

** Lowenstein Sandler does not practice in the Cayman Islands.