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BVI court issues first judgment on pooling liquidations

By Benjamin Clarke

10 December 2019

BVI court issues first judgment on pooling liquidations The former mayor of São Paulo, Paulo Salim Maluf / wikimediacommons.com/José Reynaldo da Fonseca

The estates of three companies tied up in a “substantial fraud” allegedly carried out by São Paulo’s former mayor can be pooled, a British Virgin Islands court has ruled, in the first published judgment of its kind.