Regional news: British Virgin Islands

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

Harneys announces New Year promotions

Offshore firm Harneys has announced the promotions of four restructuring and insolvency partners across its BVI, Cayman and Hong Kong offices.

04 January 2019

Fairfield liquidators to proceed with 305 clawback cases in New York

Almost 10 years to the day that convicted fraudster Bernie Madoff was arrested, a US bankruptcy court has allowed three of his investment company’s feeder funds to proceed with 305 adversary claims in New York.

11 December 2018

BVI fund liquidators seek recognition to access US bank account

The British Virgin Islands liquidators of a private equity fund that invested mainly in the biotechnology sector have filed for Chapter 15 recognition in New York to access funds held in a bank account for the payment of shareholder creditors.

01 November 2018

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