In the recent Court of Appeal decision of Steadroy Matthews -v- Garna O’Neal, BVIHCVAP 2015/0019 ("Steadroy Matthews") the Court upheld an award of pre-judgment interest on general damages in a ruling which offered much needed clarity on the power of the Court to grant such relief. The uncertainty which befell this area was not least as a result of the 2009 decision of Bannister J in Ocean Conversion (BVI) Limited ("Ocean Conversion"), where the Learned Judge departed from the 1997 Court of Appeal decision of Alphonso -v- Ramnath and held instead that the BVI Court had no power to award pre-j

We are pleased to announce the enactment of the new Limited Partnership Act (British Virgin Islands) (“LPA”). The LPA represents the culmination of the efforts of fourteen (14) lawyers from eight (8) British Virgin Islands law firms to create a state of the art limited partnership act.

THE OFFSHORE CASE DIGEST OFFERS READERS A HIGH LEVEL SUMMARY OF THE MAJOR COMMERCIAL CASES DECIDED IN BERMUDA, THE BRITISH VIRGIN ISLANDS AND THE CAYMAN ISLANDS. Our goal is to provide a useful reference tool for clients and practitioners who are interested in the development of case law in each jurisdiction. Click here for more..

Last Wednesday Hurricane Irma passed through the BVI as a Category 5 hurricane. With sustained winds of 185 mph, it was one of the most powerful hurricanes in recorded history. There is considerable damage to homes, property and infrastructure. Our immediate priority has been the safety of our colleagues and their families, several of which were evacuated over these last five days.

The British Virgin Islands (“BVI”) is becoming an increasingly popular jurisdiction for aviation finance not only in the private and corporate jet sectors, but also in the commercial aircraft sector. Although commercial aircraft are generally not operated out of or registered in the BVI, the BVI is playing an important role in the structuring of international transactions to acquire, finance and lease aircraft.

Its legislature having passed the enabling legislation, the Cayman Islands is poised to have The Convention on International Interests in Mobile Equipment and the associated Protocol to the Convention on International Interests in Mobile Equipment on matters specific to aircraft equipment (together known as the “Convention”) come into force in the jurisdiction as early as August, 2015 - an event long sought after by Cayman Islands aviation finance attorneys. The UK was among the original parties who signed the Convention in November, 2001 in Cape Town, South Africa.

THE INTERNATIONAL SCENE: Foreign Representatives of Madoff Feeder Fund Obtain § 108 Extension (Citation: T.M. Wiener, Foreign Representatives of Madoff Feeder Fund Obtain § 108 Extension, XXX ABI Journal 6, 42-43, July/August 2011 - T.M. Wiener

THE INTERNATIONAL SCENE: (citation: T.M. Wiener, Foreign Representatives of Madoff Feeder Fund Obtain § 108 Extension, XXX ABI Journal 6, 42-43, July/August 2011) - Tally M. Weiner

Appointment The BVI Insolvency Act 2003 (as amended) (the Act) came into force on 16 August 2004. This Act has been modelled on and is very similar to the UK Insolvency Act 1986. The Act introduces for the first time in the BVI the concept of administrators, administrative receivers and company creditor arrangements. However, while in force in its entirety, the provisions of the Act relating to administration and cross-border insolvency have not yet come into force.