What is likely to be proposed?
What is the likely impact of these proposals?

Following the finance minister's speech proposing the Union Budget 2022, Parliament is likely to consider further amendments to the Insolvency and Bankruptcy Code 2016 (IBC) in 2022.

In a recent decision,¹ the Grand Court of the Cayman Islands considered the approach the Court will take when reviewing official liquidators' fees, the extent to which the Wednesbury reasonableness test is relevant and the need to file sufficient evidence in advance of the fee approval application hearing.

Introduction
Advantages of consolidation
Issues and challenges

Introduction

The BVI Registrar of Corporate Affairs (the Registrar) maintains a Register of Companies (the Register) which records the name of each company incorporated or continued under the BVI Business Companies Act, 2004 (as amended) (the Act).

This guide examines the procedures by which the name of a company may be struck off, or restored to, the Register under the Act.

What is strike off?

Introduction
Privatisation of discoms
Insolvency tribunal
Comment

Introduction

Guidelines for CoCs
Amendments relating to process
Swiss challenge

JANUARY 2022 BVI | CAYMAN ISLANDS | GUERNSEY | HONG KONG | JERSEY | LONDON mourant.com 2021934/82 67 1 01 9/1 UPDATE BVI Court refuses to give effect to foreign insolvency law to override ownership rights under BVI law Update prepared by Eleanor Morgan, Jennifer Jenkins and Shane Donovan (British Virgin Islands).

In the October 2021 edition of IBA Insolvency and Restructuring International, Peter Hayden and Jonathan Moffatt explain recent decisions in the UK and the Cayman Islands on the narrowing of the rule in Prudential and its implications for shareholders and creditors considering litigation.

Introduction

Introduction
Systemic challenges
Other challenges
Suggestions on way forward

Introduction

Introduction
Insolvency resolution
Companies Act 2013
Comment

Introduction