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  • Article

    The Territorial Limitations Of The Black Swan Jurisdiction

    On 30 March 2020, the Court of Appeal of the Eastern Caribbean Supreme Court (the Court of Appeal) delivered a decision of some practical importance to the practice relating to applications...
    British Virgin IslandsLitigation, Mediation & Arbitration
    Appleby
    Appleby
  • Article

    BVI Court Of Appeal Overturns Black Swan

    In a judgment handed down on Friday 29 May 2020 in Broad Idea International Limited v Convoy Collateral Limited (BVICMAP 2019/0026), the Eastern Caribbean Court of Appeal...
    British Virgin IslandsLitigation, Mediation & Arbitration
    Walkers
Walkers
  • Article

    Guiding You Through Letters Of Request In The BVI

    The Evidence (Proceedings in Foreign Jurisdictions) Ordinance (Cap 24) gives statutory effect in the BVI to the Convention on the Taking of Evidence Abroad in Civil or Commercial Matters signed at The Hague on 18 March 1970, commonly known as the Hague Evidence Convention, which is attached as a Schedule to the Act.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Withers LLP
    Withers LLP
  • Article

    Do I Need Sanction? Liquidation Orders In The BVI And Scope Of Powers – Revisited

    The British Virgin Islands Commercial Court has issued a significant ruling clarifying that liquidators should have broad powers to act without prior court approval, marking a departure from longstanding practice. Justice Mithani's decision in Jin Yao Holdings Ltd v Forever Winner International Ltd challenges the routine inclusion of sanction requirements in liquidation orders, restoring flexibility to insolvency practitioners while maintaining appropriate judicial oversight.
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Conyers
    Conyers
  • Article

    A Black Swan Event: The Privy Council Clarifies The Law On Freezing Injunctions

    On 4 October 2021, a seven-member panel of the Privy Council (the "Board") issued its judgment in Broad Idea v Convoy Collateral [2021] UKPC 24, which considered the overruling...
    British Virgin IslandsLitigation, Mediation & Arbitration
    Maples Group
    Maples Group
  • Article

    AIC Ltd v Federal Airports Authority Of Nigeria [2022] UKSC 16: Reconsidering An Order Before It Is Sealed

    In recent years there have been a number of cases in the BVI in which the Court has been asked to reopen judgments or orders prior to their sealing.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Conyers
    Conyers
  • Article

    The Big Chill

    Phillip Kite of Harneys looks at the subject of injunctions generally with a particular emphasis on recent case law on freezing orders.
    British Virgin IslandsWealth Management
    Harneys
    Harneys
  • Article

    When The Tide Goes Out: A BVI Litigation Toolkit For Asset Tracing And Recovery

    In the wake of the economic downturn resulting from the global pandemic, a significant increase in fraud cases can unfortunately be expected.
    British Virgin IslandsWealth Management
    Conyers
    Conyers
  • Article

    The Limits Of DUOMATIC: The Court Of Appeal Clarifies The Scope Of The Doctrine In The BVI In Two Back-to-Back Decisions

    In two decisions from the British Virgin Islands, Fang Ankong and ors v Green Elite Limited and Arrowcrest Ltd v JSC VTB Bank, the Eastern Caribbean Court of Appeal clarifies the application...
    British Virgin IslandsCorporate/Commercial Law
    Appleby
    Appleby
  • Article

    When Do Directors Owe Their Duties To A Company's Creditors Rather Than Its Shareholders?

    The Court of Appeal has recently ruled in BTI 2014 LLC -v- Sequana SA & Ors [2019] EWCA Civ 112 that an otherwise lawful dividend may still be found to be a transaction defrauding creditors.
    British Virgin IslandsCorporate/Commercial Law
    Conyers
    Conyers
  • Article

    Arms Dealing And Wheeler Dealing – Injunctions In Support Of Insolvency Proceedings

    In Parles .A.S. et al v Winsley Finance Limited (Parles)1, Mangatal J was recently called upon to consider the boundaries to the Court's power to grant "Chabra relief".
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Appleby
    Appleby
  • Article

    IKON Shina Ltd v Smyshliaeva: Where The Rubber Meets The Road On The Enforcement Of Foreign Insolvency Judgments In The BVI

    In IKON Shina Ltd v Smyshliaeva [BVIHCMAP2022/0073], the Eastern Caribbean Court of Appeal allowed an appeal against the Commercial Court's refusal to make amounts...
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Walkers
    Walkers
  • Article

    BVI Commercial Court Provides Helpful Guidance On The Function Of Ancillary Claims In A Complex Dispute Concerning Lunan Pharmaceutical Group Limited

    Walkers has secured a further victory for its client, Ms. Zhao Long, in a complex dispute regarding the ownership of shares in a significant PRC pharmaceutical company in a further judgment of the British Virgin Islands...
    British Virgin IslandsLitigation, Mediation & Arbitration
    Walkers
    Walkers
  • Article

    Cross-Border Derivative Issues Considered In Hong Kong, Yet Issues Remain

    The Hong Kong Court has held that a shareholder in a BVI company seeking to bring a derivative claim in Hong Kong must first obtain the permission of the BVI Court.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Conyers
    Conyers
  • Article

    How To Fail At Service Out: Misleaders Beware Jurisdiction Challenge – BVI Court Sets Aside Ex Parte Service Out Order In US$230 Million Claim

    In a recent judgment, which was heavily critical of the claimant bank, the BVI Commercial Court has set aside an order obtained ex parte permitting service on non-BVI resident defendants of a fraud claim out of the jurisdiction.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Conyers
    Conyers
  • Article

    The Recovery Of Foreign Lawyers' Fees In Commercial Litigation

    In the British Virgin Islands (BVI), commercial or other high-value litigation, invariably enjoy cross-border characteristics.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Conyers
    Conyers
  • Article

    Arbitration Clauses And Winding Up Petitions: The Future Of Arbitration Stay Applications In The BVI

    Two recent decisions of the BVI Court of Appeal, concerning the interplay between s.6(2) of the 1976 Arbitration Ordinance and the Insolvency Act 2003, serve to highlight why the old Arbitration Ordinance has benefitted from revision.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Mourant Ozannes
    Mourant Ozannes
  • Article

    Estate Administration In The British Virgin Islands: The Relevant Factors For The Removal Of An Administrator Or Executor

    The holding company of many corporate groups trading in Asia is frequently incorporated in an offshore financial centre such as the British Virgin Islands ("BVI").
    British Virgin IslandsLitigation, Mediation & Arbitration
    Conyers
    Conyers
  • Article

    This Is Not A Wind Up: Viewing A Stay To Restrain Presentation Of An Application To Appoint Liquidators Through The Prism Of An Injunction

    Creditors of companies in the BVI will often begin the process of recovering their debt by serving a statutory demand. In many such cases, companies so served will invoke the statutory...
    GlobalInsolvency/Bankruptcy/Re-Structuring
    Walkers
    Walkers
  • Article

    Obtaining Information About Wrongdoers In The BVI From Third Parties – An Introduction

    Originally based on the English case of the same name , they are a widely used tool in litigation in the BVI.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Harneys
    Harneys
  • Showing 201–220 of 275 results

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