Regional news: British Virgin Islands
BVI courts have power to grant Norwich Pharmacal orders despite Black Swan ruling
A British Virgin Islands court has ruled its power to grant Norwich Pharmacal orders to support foreign proceedings has not been affected by a recent appellate judgment that found Black Swan relief is no longer available in the BVI.
24 June 2020
BVI court grants retrospective permission for English third-party debt order
A British Virgin Islands court has retrospectively allowed the co-owner of a locally-registered company in liquidation to apply for a third-party debt order in England.
16 June 2020
Chinese judgments recognised and enforced in BVI
In what practitioners say could be a first for the jurisdiction, a British Virgin Islands court has recognised and enforced three judgments issued by a Chinese court, appointing equitable receivers over shares issued in a local company.
14 February 2020
BVI court slams Swiss bankruptcy administrator
A British Virgin Islands judge has suggested that a Swiss bankruptcy administrator behaved inappropriately by allegedly refusing to accept service of an application to appoint liquidators over a Swiss holding company.
24 January 2020
Gold miner files for bankruptcy in Canada as Armenia arbitration looms
A Jersey-registered gold miner has filed for bankruptcy protection in Canada as it weighs up an investment treaty arbitration against the Armenian government.
06 January 2020
BVI court issues first judgment on pooling liquidations
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.
10 December 2019
Aman Resorts liquidation invalid, says BVI court
A British Virgin Islands judge has invalidated the appointments of liquidators over the holding company that used to own luxury hotel chain Aman Resorts, as “a proxy battle” between its Russian billionaire owner and his incarcerated former business partner rumbles on.
29 November 2019
Administrators of Nigerian gas group complete pre-pack sale in England
Administrators from EY in London and Grant Thornton in Mauritius have completed the pre-packaged sale of Nigerian gas group Seven Energy, with a host of city firms advising.
19 November 2019
EY to hire Cayman Kalo duo
Big Four firm EY is set to hire Kalo Advisors managing directors Eleanor Fisher and Tammy Fu in the Cayman Islands.
18 November 2019
Appeal struck out over “cavalier attitude” to Singapore freezing order
A four-year legal battle between Singapore and British Virgin Islands-based former entities of restructured Chinese solar power manufacturer Suntech has ended, after a Singapore court threw out an appeal for "contumelious breaches" of a freezing order.
01 October 2019
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