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  • Article

    Injunction Route Of Interest In Respect Of Asset Protection

    We have already seen these provisions being used successfully to obtain injunctions and expect this to continue in 2022.
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Walkers
    Walkers
  • Article

    BVI Court Clarifies Scope Of Norwich Pharmacal Jurisdiction

    The BVI Court has recently clarified the scope of the Norwich Pharmacal jurisdiction set out in UVW v XYZ.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Walkers
    Walkers
  • Article

    Lending & Secured Finance 2021: British Virgin Islands

    In this guide, Michael Gagie and Matthew Gilbert provide an overview on lending and secured finance law in the British Virgin Islands.
    British Virgin IslandsFinance and Banking
    Maples Group
    Maples Group
  • Article

    BVI Litigation & Insolvency Client Update - March 2016

    Welcome to our March 2016 BVI litigation and insolvency bulletin, co-authored by Ben Mays, Andrew Chissick and Jevaughn Rhymer.
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Carey Olsen
    Carey Olsen
  • Article

    The International Insolvency Review, 2nd Ed.: British Virgin Islands

    Arabella di Iorio provides an analysis of current economic conditions and insolvency case developments in the British Virgin Islands.
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Maples Group
    Maples Group
  • Article

    BVI Judgment: Limitations On The Court's Supervisory Jurisdiction Over Its Officers

    On 20th November 2017 the Court of Appeal handed down its judgment in the latest round of litigation arising out of the fallout of Bernard Madoff's multi-billion-dollar ponzi scheme.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Appleby
    Appleby
  • Article

    Liquidators' Fees: BVI Court Provides Green Light For Liquidators To Draw Interim Payments On Account Without A Formal Fee Approval

    On 20 September 2016, the BVI Commercial Court clarified the question of whether the BVI Insolvency Act 2003 (the Act) provided a basis for liquidators to draw fees on account...
    British Virgin IslandsWealth Management
    Harneys
    Harneys
  • Article

    Liquidators' Fees: BVI Court Provides Green Light For Liquidators To Draw Interim Payments On Account Without A Formal Fee Approval

    On 20 September 2016, the BVI Commercial Court clarified the question of whether the BVI Insolvency Act 2003 provided a basis for liquidators to draw fees on account before having formal approval...
    British Virgin IslandsWealth Management
    Harneys
    Harneys
  • Article

    Important Trends In BVI Insolvency Case Law

    One of the aims of the BVI Insolvency Act (“the Act”) is to bring certainty to the insolvency regime in the BVI, including time limits for compulsory winding up procedures. In two recent cases the High Court gave a clear message that time limits will be strictly applied, even where this means a BVI company is then subject to a liquidation order.
    British Virgin IslandsWealth Management
    Harneys
    Harneys
  • Article

    BVI Insolvency Proceedings - Top Creditor FAQs For 2023

    As 2023 gets into its stride and with the financial markets forecasting severe economic challenges in 2023, we are seeing an increasing number of enquiries from creditors with respect...
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Walkers
    Walkers
  • Article

    The BVI Insolvency And Dispute Resolution Seminar Set For 29 October

    Walkers BVI has set the date for its Insolvency and Dispute Resolution Seminar. The seminar will take place on 29 October 2015 at the Old Government House in Road Town, British Virgin Islands.
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Walkers
    Walkers
  • Article

    Ogier's BVI Dispute Resolution Team Continues To Grow

    Ogier in the BVI has welcomed two new litigators - Daniel Mitchell and Katherine Bradley – to its dispute resolution team, who have joined as senior associate and associate respectively
    British Virgin IslandsLitigation, Mediation & Arbitration
    Ogier
    Ogier
  • Article

    The Privy Council Winds Up Salford Estates

    This decision relates to an appeal to the Privy Council out of the British Virgin Islands dealing with the question of staying winding up proceedings where there is an agreement to arbitrate.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Spencer West LLP
    Spencer West LLP
  • Article

    Head Of Dispute Resolution In BVI To Speak At INSOL International BVI Seminar

    Ogier's Head of Dispute Resolution in the BVI is speaking about solutions to common obstacles faced by liquidators in the early stages of a liquidation at an INSOL seminar today (17 November).
    British Virgin IslandsWealth Management
    Ogier
    Ogier
  • Article

    Netting - British Virgin Islands

    The Insolvency Act, 2003 of the British Virgin Islands (the "IA") provides that netting provisions in financial contracts are exempted from the insolvency provisions of the IA.
    British Virgin IslandsFinance and Banking
    Ogier
    Ogier
  • Article

    BVI Court Demonstrates It Will Continue To Aid Creditors Pursuing Unpaid Debts

    A recent matter which came before a strong Court of Appeal panel demonstrates that the BVI Court will continue to come to the aid of creditors pursuing unpaid debts and that they should not necessarily...
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Ogier
    Ogier
  • Article

    BVI Court Rejects "Improper Purpose" Argument In An Application To Set Aside A Statutory Demand

    In the recent judgment of the ECSC in the matter of Sumner Group Mining Limited v Zica S.A (BVIHC (Com) 2020/0171, Walkers successfully represented the respondent in defending...
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Walkers
    Walkers
  • Article

    BVI Provisional Liquidation – What You Need To Know

    The powers of provisional liquidators are limited to the extent necessary to maintain the value of the company's assets.
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Walkers
    Walkers
  • Article

    Soft Touch Provisional Liquidation Available In The BVI

    The BVI Commercial Court today handed down a landmark judgment appointing ‘soft touch' provisional liquidators.
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Ogier
    Ogier
  • Article

    BVI Norwich Pharmacal Orders Unaffected By Broad Idea (No 2)

    Since the Court of Appeal's decision in Broad Idea International Ltd v. Convoy Collateral Ltd BVIHCMAP 2019/0026 ("Broad Idea (No 2)") was handed down on 29 May this year...
    British Virgin IslandsLitigation, Mediation & Arbitration
    Conyers
    Conyers

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