In a recent decision of the BVI Commercial Court, the Honourable Mr Justice Wallbank dismissed an application by the Defendants in King Bun Limited & Ors v Lau Man Sang James & Ors to set aside a previous order granting...more
Nov 2023 In August 2021, the BVI Commercial Court handed down judgment on liability in favour of the Claimants against seven directors of Vanway for carrying out a fraud on the minority shareholders, in selling the assets of...more
12/8/2023
/ Board of Directors ,
Breach of Duty ,
British Virgin Islands ,
BVI Business Companies ,
Corporate Governance ,
Corporate Liability ,
Dispute Resolution ,
Fiduciary Duty ,
Final Judgment ,
Fraud ,
Hong Kong ,
Minority Shareholders ,
Settlement
In the case of Re China Properties Group Limited (in Liquidation) [2023] HKCFI 2346, the Hong Kong Court has shown its commitment to providing assistance to local liquidators appointed by it by asserting in personam...more
11/10/2023
/ Board of Directors ,
Business Disputes ,
Business Litigation ,
BVI Business Companies ,
Cayman Islands ,
China ,
Corporate Governance ,
Dispute Resolution ,
Hong Kong ,
In-Personam ,
Insolvency ,
Liquidation
In a recent judgment Re Cradle Holdings Inc. (FSD 318 of 2022, unreported, 4 September 2023), the Chief Justice of the Cayman Islands ruled on the novel issue as to whether and by what route a company which has been...more
10/18/2023
/ BVI Business Companies ,
Cayman Islands ,
Commercial Litigation ,
Companies Act ,
Corporate Restructuring ,
Dispute Resolution ,
Hong Kong ,
Insolvency ,
Legislative Agendas ,
Regulatory Requirements ,
Unregistered Franchises
On 7 July 2023, the Eastern Caribbean Court of Appeal handed down judgment in BVIHCMAP 2021/0034 Lau Man Sang, James and Others v. King Bun Limited and Others. Conyers represented the successful Respondents before the Court...more
9/7/2023
/ Appeals ,
Board of Directors ,
Breach of Duty ,
British Virgin Islands ,
Business Companies Act ,
BVI Business Companies ,
Commercial Court ,
Corporate Governance ,
Corporate Restructuring ,
Duty of Care ,
Fiduciary Duty ,
Shareholder Litigation
Due to the recent challenging economic environment, the law’s treatment of creditors’ interests in a restructuring or insolvency has been a hot topic. From a creditor’s perspective, its objective will be straightforward: to...more
11/9/2022
/ Appeals ,
BVI Business Companies ,
Cayman Islands ,
Corporate Restructuring ,
Creditors ,
Debtors ,
HSBC ,
Insolvency ,
Liquidation ,
Shareholders ,
UK ,
UK Companies Acts ,
UK Supreme Court