The British Virgin Islands has, as of 18 September 2024, extended the list of ‘Relevant Foreign Countries’ for the purposes of Part XIX of the BVI Insolvency Act, which governs Orders in Aid of Foreign Proceedings. These...more
10/18/2024
/ British Virgin Islands ,
BVI Business Companies ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Cross-Border ,
Debtors ,
Foreign Governments ,
Insolvency ,
International Organizations ,
Jurisdiction ,
Reorganizations ,
UK Insolvency Act ,
UNCITRAL
Authorised Push Payment (“APP”) fraud, where victims are tricked into authorising payments to fraudsters, resulted in losses of £485.2m in 2022 and is reported to have risen by 22% in 2023.
With consumer protection laws...more
1/23/2024
/ Asset Tracing ,
Banking Sector ,
Banks ,
British Virgin Islands ,
Business Litigation ,
BVI Business Companies ,
Consumer Protection Laws ,
Corporate Governance ,
Corporate Restructuring ,
Dispute Resolution ,
Duty of Care ,
Electronic Payment Transactions ,
Financial Institutions ,
Financial Services Industry ,
Fraud ,
Insolvency ,
Misappropriation ,
UK
The Revised Eastern Caribbean Supreme Court Civil Procedure Rules (the “Revised CPR”) come into force on 31 July 2023, and with them a significant change to the rules which govern service of proceedings on foreign defendants...more
9/1/2023
/ Board of Directors ,
British Virgin Islands ,
BVI Business Companies ,
Foreign Jurisdictions ,
International Litigation ,
Legislative Agendas ,
Member State ,
New Amendments ,
Proposed Legislation ,
Restructuring ,
Rules of Civil Procedure ,
Shareholders
The updated Civil Procedure Rules (the “Revised CPR”) come into force on 31 July 2023, and with them a substantially increased focus on settlement and Alternative Dispute Resolution (“ADR”). In this article, Senior Associate...more
Charles Goldblatt, litigation associate at Conyers in the British Virgin Islands, takes a close look at how local judges are addressing sanctions against Russian entities.
Since Russia's military incursion in Ukraine...more
5/11/2023
/ British Virgin Islands ,
Economic Sanctions ,
Entity List ,
EU ,
General Licenses ,
Legal Fees ,
Legislative Agendas ,
Office of Financial Sanctions Implementation (OFSI) ,
Regulatory Agenda ,
Russia ,
Sanctions and Anti-Money Laundering Act 2018 (SAMLA) ,
UK ,
Ukraine
Since Russia’s military incursion in Ukraine began on 24 February 2022, the UK has introduced an extensive package of economic sanctions against Russia. By the end of August 2022, over 1,270 persons had been designated and by...more
A recent decision from the English High Court has highlighted the importance of disclosing details of assets when seeking to resist orders for security for costs against a non-resident claimant. In Ras Al Khaimah Investment...more
Conyers BVI litigators Richard Evans and Charles Goldblatt secure the appointment of Provisional Liquidators over All Year Holdings Limited (“AYH”) at an urgent hearing before the BVI Commercial Court on 20 December 2021. ...more