Receiverships In The British Virgin Islands

Shining a light on the courts of British Virgin Islands' approach to granting the appointment of receivers, and the state of the law in respect of this powerful interim remedy.
There have been an increasing number of court applications in the British Virgin Islands (BVI) for the appointment of receivers an as interim remedy to ‘hold the ring' in respect of assets which are the subject of ongoing litigation and in aid of equitable execution of judgments.

RECEIVERS

The appointment of receivers is more commonly used as a remedy by which a secured creditor can enforce its security against assets of a company that is in financial difficulty or in breach of a debt obligation.

The BVI Court has demonstrated a flexible approach to the appointment of receivers and a willingness to appoint receivers in circumstances where there is a need to preserve or recover assets or in aid of the equitable execution of judgments. As can be seen by the following review of the most