Regional news: British Virgin Islands

Stephenson Harwood restructuring chair set to join Faegre Drinker in London

Faegre Drinker Biddle & Reath is continuing its rapid growth with the hire of Stephenson Harwood’s head of restructuring Sue Moore.

05 January 2021

Harneys, Willkie Farr and Debevoise announce new year promotions

This new year promotions round has seen Harneys elevate five litigators in the British Virgin Islands, while Willkie Farr & Gallagher has appointed a new partner in New York, and Debevoise & Plimpton has made several promotions to counsel and international counsel.

05 January 2021

Fairfield avoidance claims dismissed in New York

A New York court has thrown out avoidance claims brought by the BVI liquidators of three Madoff funds against their shareholders, but allowed them to continue with constructive trust claims under BVI common law.

17 December 2020

Century Sunshine’s Cayman JPLs secure Singapore recognition

BlackOak is advising the “light-touch” provisional liquidators of Chinese fertiliser company Century Sunshine Group, who have won recognition in Singapore to seek a restructuring of locally-listed notes.

15 December 2020

PwC appointed as Cayman court winds up Altair

A British Virgin Islands investor has secured the winding-up of Hong Kong-based investment manager Altair Asia in the Cayman Islands, five months after its first attempt to obtain an order was dismissed.

14 December 2020

Rock International scheme sanctioned in BVI and recognised in US

A Texas court has recognised a British Virgin Islands scheme of arrangement for special purpose vehicle Rock International Investments, a day after it was sanctioned.

14 December 2020

Ogier adds new partners in Hong Kong and Guernsey

Offshore firm Ogier has boosted its global restructuring offering with the appointment of three news partners in Hong Kong and Guernsey.

14 December 2020

Chinese petrochemical group’s BVI subsidiary seeks scheme recognition in Texas

British Virgin Islands-incorporated special purpose vehicle Rock International Investments is seeking Chapter 15 recognition of its BVI scheme of arrangement, while its parent company has entered bankruptcy proceedings in China.

24 November 2020

Hong Kong court addresses “difficulties” posed by offshore company structures

A Hong Kong court has adjourned a winding-up petition against a Cayman-incorporated juice company hoping to restructure in the Chinese mainland, as the petitioner failed to show it could realise the value of the company’s listing in Hong Kong.

19 November 2020

BVI court adjourns liquidator appointment over foreign revenue debts

A British Virgin Islands court has adjourned its decision on whether to appoint liquidators over a BVI company that is being wound up in England, citing several “uncertainties” that need to be ironed out.

16 November 2020

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