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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
Jersey court once again shows willingness to facilitate cross-border insolvency proceedings in new judgment relating to the Arcadia administration

In the Representation of Matthew David Smith and Ors. [2021] JRC 047 the Royal Court of Jersey has handed down an important decision, exercising its discretion to grant a moratorium in substantially the same terms as provided under the UK Insolvency Act 1986.

Jersey, Insolvency & Restructuring, Litigation, Carey Olsen
Jersey directors’ duties in light of the coronavirus (COVID-19)

Many companies are facing new and challenging circumstances given the fast-moving COVID-19 situation. It is likely that during the coming weeks you and your fellow board members will be called upon to make difficult decisions. This is a critical time during which it is imperative to ensure you are focused on the key issues and equipped to act prudently and in accordance with your duties.

What are your duties?

Jersey, Company & Commercial, Insolvency & Restructuring, Carey Olsen, Board of directors, Coronavirus