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The Insolvency Act 2003 is the BVI’s all-encompasses insolvency law that deals with both companies and individuals, although none these guides will deal with bankruptcy and issues relating to individuals. As its name suggests, the Act only deals with regimes for insolvencies such as the liquidation of insolvent companies, and regimes for solvent companies are outside its scope. Thus, voluntary liquidations of solvent companies continue to be governed by the Companies Act.

The Grand Court of the Cayman Islands has decided that a minority shareholder may not pursue a winding-up petition in order to delay or prevent a Board approved privatisation of the company.

On 30 December 2014 the Ministry of Financial Services published its Consultation Report on the Maintenance of Legal and Beneficial Ownership Information. The next step in this process is today’s publication of submissions received during the consultation.

Despite the growing body of the academic discourse engaging with blockchain arbitration, the same remains largely theoretical, leaving several critical gaps between conceptual promise and practical implementation unaddressed.