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Eastern Caribbean Court of Appeal clarifies the law on common law recognition and assistance in the British Virgin Islands for cross border insolvencies

In its recent decision in Net International Property Limited v Erez, the Eastern Caribbean Court of Appeal considered whether the BVI Courts had jurisdiction at common law to recognize an insolvency office-holder appointed in the courts of Israel, and whether and to what extent the BVI Courts could grant assistance to that office-holder at common law.

British Virgin Islands, Insolvency & Restructuring, Litigation, Carey Olsen
Plans and Schemes of Arrangement in the British Virgin Islands

The British Virgin Islands ("BVI") is a long-standing jurisdiction of choice for incorporating joint venture and private equity vehicles. In more recent years it has also become an established option for investment funds. This is due to its business-friendly and flexible main corporate statute, the BVI Business Companies Act (the "Act"), as well as the BVI’s modern regulatory and judicial regime.

Plans and Schemes of Arrangement in the British Virgin Islands

British Virgin Islands, Insolvency & Restructuring, Private Client & Offshore Services, Carey Olsen
BVI Dispute Resolution & Insolvency Client Update - October 2016

In the October 2016 edition of our dispute resolution and insolvency bulletin we will be focusing on six recent cases from the BVI Court of Appeal and BVI Commercial Court.

OVERVIEW

The cases, include:

British Virgin Islands, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Carey Olsen