UK: The Arbitrability Of Just And Equitable Winding Up Petitions: Privy Council Judgment
In an important judgment, the Privy Council has addressed two key questions.
First, whether an agreement to resolve disputes arising out of a shareholders’ agreement by arbitration may prevent a party to that agreement from pursuing a petition to wind up the company whose management is the focus of those disputes.
Second, whether an application to the Grand Court of the Cayman Islands to wind up that company on the just and equitable ground […]