BVI freezing injunction extended, but not for bankruptcy creditors
A clarification of the extent of the Black Swan jurisdiction in the BVI? (Credit: Shutterstock/ muratart)
In a decision clarifying the scope of its powers to grant freezing orders in aid of foreign proceedings, the Eastern Caribbean Supreme Court has extended a Chabra injunction against a BVI-incorporated arms dealer for a pair of unsecured creditors with civil claims against its bankrupt former director in the Czech Republic – but declined to join two other creditors with claims in his bankruptcy.
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