Regional news: British Virgin Islands

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

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

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