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IKON Shina Ltd v Smyshliaeva: Where the rubber meets the road on the enforcement of foreign insolvency judgments in the BVI

The British Virgin Island (BVI) Court will enforce via BVI Court judgments amounts due under judgments arising out of foreign insolvency processes, provided those judgments satisfy the common law tests of finality,...more

7/21/2025 / British Virgin Islands , Creditors , Enforcement , Foreign Judgments , Insolvency , Jurisdiction , Public Policy

Cayman Islands Schemes of Arrangement now available for Exempted Limited Partnerships using the Restructuring Officer Regime

A Cayman Islands scheme of arrangement is a court approved compromise or arrangement between a company and its creditors or shareholders (or classes thereof). A scheme of arrangement is frequently used to implement a...more

3/25/2024 / British Virgin Islands , Cayman Islands , Companies Act , Creditors , Debt Restructuring , Dispute Resolution , Insolvency , Limited Partnerships , Shareholders

A Little More Time: The BVI Court Clarifies When and How It Will Exercise Its Discretion to Adjourn an Application to Appoint...

Emerging from the COVID-19 pandemic, inflationary pressures and increasing interest rates have continued to have a negative impact on the global economy. This has caused a significant increase in the number of creditor...more

11/9/2023 / British Virgin Islands , Creditors , Debt , Interest Rates , Judicial Appointments , Liquidation , Price Inflation , Shareholders

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