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In the Matter of Olalekan Akinyanmi v Lekoil Ltd – FSD 382 OF 2021(IKJ)

Thursday 14 April 2022

This case shows the Cayman Islands Grand Court applying the rules of natural justice to require an applicant for ex parte relief to share with the other party all documents shown to the judge. It is also a useful illustration of the court evaluating the balance of convenience and refusing an injunction to restrain a party from implementing a challenged contract for the allotment of shares, which would have the effect of diluting existing shareholdings.

Clare Stanley QC acted for the successful defendant in setting aside the ex parte injunction. Clare worked with a great team at Walkers, instructed by Barnaby Gowrie and Brett Basdeo.

To download and read the full judgment, click here.