CONSTRUCTION PROJECTS LTD v. PRIME-INVEST LIMITED LIABILITY PARTNERSHIP

The Claimant sought court approval under the AIFC Companies Regulations for a merger with the Defendant LLP as part of a corporate restructuring. The Court found that all procedural requirements were satisfied, including shareholder approval, creditor notification, and financial adequacy, and that the arrangement adequately protected third-party interests. It sanctioned the merger and ordered its implementation, confirming that such amalgamation is permissible even where one entity is a non-AIFC LLP. Download PDF