The BVI Commercial Court today handed down a landmark judgment
appointing 'soft touch' provisional liquidators.
Brian Lacy (Partner) and Grant Carroll (Managing Associate),
both of the BVI Insolvency, Restructuring and Disputes Resolution
department, acted for the applicant companies in the first ever BVI
'soft touch' provisional liquidation.
The case concerned a group of companies operating in the oil and
gas industry. The BVI proceedings are part of a
multi-jurisdictional restructuring. Paul Pretlove and Eleanor
Fisher of Kalo (for whom Ogier also act) were appointed in the BVI
as soft touch joint provisional liquidators. Michael Pearson of FFP
acts as a professional director of the BVI entities.
