Getting It Right When It All Goes Wrong: Appraising The Fair Value Of Minority Shares.

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Getting It Right When It All Goes Wrong: Appraising The Fair Value Of Minority Shares.

In July 2011, in a case called HRH Prince Faisal v PIA Investments BVIHC(Com) 2011/03, the British Virgin Islands' ("BVI") High Court considered whether parties could contract out of the BVI statutory mechanism for the appraisal of shares following a forced redemption by the majority (often referred to as the "squeeze out" of minority shareholders). Justice Bannister also considered, albeit obiter, the issue as to whether any gloss s...

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