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Aug. 11, 2009

Navigating the Waters of the Cayman Islands' New Merger Law

Attorneys at O'Melveny & Myers put the Cayman Islands' new merger statute to its first test when their client, Auvitek International Ltd., an integrated circuits manufacturer, was bought by Texas-based semiconductor company Microtune Inc.

By Craig Anderson
Daily Journal Staff Writer

SAN JOSE - The Cayman Islands, a popular tax haven that is home to many multinational companies, passed a law earlier this year allowing corporations to merge there.

Attorneys with O'Melveny & Myers got to put the new statute to its first test when their client, Auvitek International Ltd., an integrated circuits manufacturer with operations in China, was acquired by Texas-based semiconductor company ...

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