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Written by Associate Nia Statham and Partner Shaun Reardon-John, this guide shares the legal asset recovery tools available for victims of cryptoasset fraud in the British Virgin Islands.

"Fintech is the future", said Mr Carson Wen (Mr Wen), the Chairman and founder of Bank of Asia (BVI) Limited (Bank of Asia).

Philip Smith and Jason Kardachi (in their capacity as joint liquidators of Torque Group Holdings Limited) v Torque Group Holdings Limited (the "Company")...

Bitcoin's recent surge in value, climbing from around US $21,000 per Bitcoin to over US $70,000 (currently circa US $69,000), has been a significant development.

On August 31, 2020, the Financial Services (Fintech Regulatory Sandbox) Regulations 2020 came into force, significantly enhancing the British Virgin Islands regulatory framework...

Our British Virgin Islands office's most popular publications provided valuable insights on doing business in the jurisdiction, effective asset recovery tools, strategies for addressing modern legal challenges...

In a first for the territory, the British Virgin Islands ("BVI") Commercial Court has granted a worldwide freezing order against persons unknown, being those allegedly responsible for cybercrime...

In a first for the territory, the British Virgin Islands ("BVI") Commercial Court has granted a worldwide freezing order against persons unknown, being those allegedly responsible for cybercrime...

In its seminal decision in Broad Idea International v Convoy Collateral [2021] UKPC 24 ("Convoy"), a case which had its genesis in the BVI Commercial Court, the Privy Council delivered...

The continued fall-out of the high-profile collapse of the Three Arrows crypto fund has seen another development, with the BVI Court permitting alternative service by Twitter after the collapsed fund's directors failed to appear for examination before the BVI Court.

In our last newsletter, we highlighted a number of company law changes made by the new Business Companies (Amendment) Act, 2022. These changes are now in effect. By way of reminder...

The BVI suffered severe damage by Hurricanes Irma and Maria in September 2017. In the aftermath of the storms, the financial services community formed an alliance and worked together ...

The BVI Court has endorsed what is believed to be its first extra-territorial order summoning directors of a BVI company (in liquidation) to appear for private examination by joint liquidators.

In the closing days of last year the British Virgin Islands (BVI) enacted its long-awaited Virtual Asset Service Providers Act 2022 (the VASP Act)

On 29 November 2024, the European Commission published on its official gazette the Commission Implementing Regulation (EU) 2024/2984 which outlines regulatory...

Corporate and technology, media and telecommunications (TMT) expert Nicholas Kuria recently discussed the evolution of digital business in Africa and the benefits of British Virgin Islands vehicles...

Such is the level of interest that earlier this year, Killourhy (pictured) noted in a briefing that the BVI was keen to investigate a role in this new capital raising phenomena.

In the case of AQF v (1) XIO (2) VQF, (3) CGN[1] the BVI Court approved an ex parte order for service by alternative means by serving the "unknown" First Defendants by non-fungible token (NFT) airdrop...