Matthew Goucke
Partner
Cayman Islands
Feb 12, 2026

The Grand Court’s judgment in Jafar v Abraaj Holdings [2025] CIGC (FSD) 69 confirms that delaying publication of final judgments after an open trial will be truly exceptional.
Segal J dismissed an application to embargo reasons on liability and quantum, restated the strong constitutional and common law presumption of prompt, full publication, and outlined the narrow route for any short stay whilst an appellant approaches the Court of Appeal.
For Cayman litigants, the decision crystallises a clear, workable framework:
Following the circulation of a 782‑page draft judgment under the usual embargo, the plaintiff sought to 'seal and keep confidential' the final judgment until 30 days after any notice of appeal, alongside ancillary sealing orders. The defendants agreed to seal the application materials but opposed any delay to publication. The hearing was held in private by consent under Grand Court Rules, Order 32.
The plaintiff advanced a two‑track case:
The defendants submitted in response that the trial and most materials had been public, that section 7 of the Cayman Islands Constitution requires open justice save in tightly circumscribed cases, and that a six‑week blackout was not de minimis. The defendants also emphasised concrete prejudice to fund investors and market participants from opacity around reasons and argued that any legitimate sensitivities could be addressed by narrowly‑tailored measures short of suppressing the judgment.
In its judgment, the Grand Court reaffirmed the orthodox position that reasons are to be published publicly, save for limited exceptions, and that presumption is strongest after a public trial when reasons are ready for hand‑down, reflecting section 7 of the Cayman Islands Constitution Order 2009 and, in particular, s.7(9) (giving reasons publicly) and s.7(10)(a)–(b) (permitting limited departures for interlocutory/chambers hearings and specified public interests).
Three points drove the result: (i) a 'very strong presumption' of publication after an open trial, displaced only in extreme cases; (ii) reputational and commercial fallout are the ordinary incidents of open justice and that public vindication appropriately comes on appeal, not via secrecy; and (iii) limited derogations, such as safety or true commercial ruin, require clear, compelling evidence and the narrowest tailoring which the Court held were all absent in this case.
Notably, the Grand Court’s judgment in Jafar v Abraaj Holdings does not extend the law but rather it consolidates and clarifies the approach to open justice and articulates a coherent, Cayman-specific framework. In that regard, and in line with Maples Corporate Services Ltd v CIMA, it emphasises prompt, full publication of final judgments after open hearings, permitting only a short, practical stay to enable an urgent appellate approach. Equally, and consistent with AHAB v SICL, Sphinx and Fortuna, Segal J held that secrecy is reserved for truly exceptional, strictly necessary cases, and recent practice continues to favour targeted, minimal measures-such as anonymisation, redaction and confidentiality clubs-over wholesale suppression.
Walkers acted for the Second and Third Defendants. The Walkers team advising on the matter was led by Matthew Goucke (Partner) and Shelley White (Partner) with support from Jonathan Turner (Senior Counsel), Patrick McConvey (Senior Counsel), Laure-Astrid Wigglesworth (Associate), Charlotte Raynor (Associate) and Florence Allan (Associate). Walkers appeared with Mark Simpson KC and Sarah Tresman and were instructed by Cleary, Gottlieb, Steen & Hamilton.
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