The Grand Court of the Cayman Islands has, for the first time, held that unredeemed shareholders who subscribed for shares in a subsequently liquidated Cayman Islands’ company can bring misrepresentation claims that will rank as unsecured debts ahead of redemption creditors and other members' claims. The decision in Re HQP Corporation Ltd departs from that of the UK House of Lords in Houldsworth v City of Glasgow Bank (1880), ...