A Solution To An Unusual Predicament

The Company had attempted to continue out of the BVI as a company incorporated under the laws of Cyprus. However, the procedures required by the laws of Cyprus to secure its incorporation there were not completed with the consequence that the Company was not incorporated in Cyprus. In the meantime, as she was entitled to do, the BVI Registrar of Corporate Affairs, relying on a Temporary Certificate of Continuation issued by the Cyprus Registrar, issued a certificate of discontinuance in the BVI and struck the name of the Company from the BVI Register of Companies. In the result, at the time of the application to the Court, the Company was not incorporated or treated as incorporated anywhere.