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British Virgin Islands law has a relatively straightforward system for registering security interests created by companies incorporated in the jurisdiction
Is it possible to appoint a receiver over assets which have been charged by a British Virgin Islands (‘BVI’) company (a ‘Company’) under a security document?
British Virgin Islands, Cayman Islands, United Kingdom
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September 30 2009
The facts behind Mr. Justice Lewison’s recent judgment in Stanford (STANFORD INTERNATIONAL BANK LIMITED 2009 EWHC 1441 (Ch)) have no direct connection with either the British Virgin or Cayman Islands but lawyers there do have particular reason to note the more general principles around the seemingly vexed but important issue of COMI in the context of multi-jurisdictional insolvency
Where a Company creates a security interest over its own assets, there are two different registrations which need to be considered under the BVI Business Companies Act (No 16 of 2004
