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In order to impact such a merger or consolidation, the administrators of each constituent company should approve a written plan of merger or consolidation, which should then be authorized by a particular resolution of the shareholders of each constituent company, and such different authorization, if any, as may be specified in such constituent company’s articles of association. Court approval isn’t required for a merger or consolidation which is effected in compliance with these statutory procedure The Cayman Islands Companies Act permits mergers and consolidations between Cayman Islands corporations and between Cayman Islands companies and non-Cayman Islands corporations. In addition, we intend to enter into indemnification agreements with our administrators and govt officers that can provide such individuals with further indemnification past that offered in our articles. This normal of conduct is mostly the same as permitted under the Delaware General Corporation Law for a Delaware corporation.
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