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Close-out netting and set-off provisions for BVI, Cayman Islands, Guernsey and Jersey counterparties

  • Ogier
  • -
  • British Virgin Islands, Cayman Islands, Guernsey, Jersey
  • -
  • September 22 2011

The Insolvency Act 2003 of the British Virgin Islands (the “IA”) provides that the netting of financial contracts is legally enforceable notwithstanding any provisions of the IA or the Insolvency Rules

Security reviews and refinancings involving offshore entities

  • Ogier
  • -
  • British Virgin Islands, Cayman Islands, Guernsey, Jersey
  • -
  • September 29 2011

It has been estimated that there is European bank and bond debt with a combined value of up to 50-75 billion which is due to mature and come to market for refinancing over the next five years