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