Regional news: British Virgin Islands

Mining company winding-up stayed in Hong Kong

Liquidators of a Hong Kong-based mining company have won confirmation of a set-aside for the very default judgment that sparked their appointment.

21 August 2019

CVR Global hires Deloitte BVI head as partner

Advisory firm CVR Global has hired a joint liquidator of Panama Papers leak victim Mossack Fonseca from Deloitte in the British Virgin Islands.

12 July 2019

Irish oil services group enters Chapter 11, with Irish and Bermudian proceedings to follow

Irish oilfield services group Weatherford International has filed for Chapter 11 protection in a Texas bankruptcy court aiming to cut down its US$8.35 billion debt through a pre-packaged plan that envisages parallel proceedings in Ireland and Bermuda.

04 July 2019

Bedell Cristin hires familiar face as new litigation head in BVI

Offshore firm Bedell Cristin has rehired Tim Wright, a former associate of the firm in Jersey, as partner and head of its litigation and dispute resolution practice in the British Virgin Islands.

28 June 2019

BVI fund chases New York-based businessman in Chapter 15 filing

The liquidators of a British Virgin Islands fund have filed for Chapter 15 recognition in New York, requesting discovery against a US-based businessman they suspect of transferring assets to avoid paying debts owed to the fund.

27 June 2019

Carey Olsen hires familiar face as partner

Harneys counsel Richard Brown has rejoined his old firm Carey Olsen as a partner in London, after two years away.

19 June 2019

UK Supreme Court hears Marex reflective loss arguments

The rule against reflective loss is “driving litigants away from the seat of justice,” lawyers for UK foreign exchange broker Marex have told the UK Supreme Court as they seek to overturn a Court of Appeal ruling from June last year.

08 May 2019

Harneys counsel goes in-house

Harneys counsel and IWIRC director-at-large Catherine D’Alton is moving in-house at Standard Chartered Bank in Singapore.

25 April 2019

DIFC recognises BVI liquidator

The courts of the Dubai International Financial Centre have recognised a British Virgin Islands court’s appointment of a liquidator for the first time.

29 March 2019

Madoff trustee wins clawback appeal

A US appeals court has ruled that principles of international comity should not stop the trustee of Bernie Madoff’s investment firm recovering assets that he claims were fraudulently transferred to foreign feeder funds.

26 February 2019

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