Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Pooled BVI liquidations seek US recognition

By Douglas Thomson

12 December 2019

Pooled BVI liquidations seek US recognition Avenida Jornalista Roberto Marinho in São Paulo / By CoelhoVoador.net, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=52847695

The liquidators of three British Virgin Islands companies tied up in an alleged US$200 million fraud conducted by a former mayor of São Paulo have filed for US recognition, days after a local court authorised the pooling of their liquidations.