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
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