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Green light for liquidators to draw interim payments without fee approval
  • Harneys
  • British Virgin Islands
  • November 10 2016

On September 20 2016 the BVI Commercial Court clarified whether the BVI Insolvency Act 2003 provides a basis for liquidators to draw fees on account


Court clarifies ranking of shareholder claim
  • Harneys
  • Cayman Islands
  • November 17 2016

The Cayman Islands Court of Appeal decision in In the matter of the Herald Fund SPC (in official liquidation) has provided some clarity on the


Incredible Power - leave requirements in a derivative action BVI BCA 2004
  • Harneys
  • British Virgin Islands
  • September 30 2016

Harneys recently acted for the successful claimant on an application for her costs of a discontinued strike out application which was brought by the


Cayman decision of Herald Fund SPC
  • Harneys
  • Cayman Islands
  • September 29 2016

The Cayman Islands Court of Appeal decision in In the matter of the Herald Fund SPC (In Official Liquidation) has provided some clarity on the


Enforcing orders made in foreign insolvency proceedings
  • Harneys
  • British Virgin Islands, Cayman Islands, United Kingdom
  • October 24 2012

This article sets out the potential impact in the BVI and Cayman of the much anticipated Supreme Court decision in Rubin v. Eurofinance SA 2012 UKSC 46, which was handed down on 24 October 2012


Rights issues and the threat of unfair prejudice a BVI director’s perspective
  • Harneys
  • British Virgin Islands
  • October 26 2012

Rights issues are utilised by many companies as a means of raising finance and capital either to boost an ailing balance sheet or to fund an acquisition and promote growth without having to take on any further debt commitments with third party lenders


Obtaining information about a BVI company by court order
  • Harneys
  • British Virgin Islands
  • October 24 2012

The BVI Company Registry is the only major source of publicly available information and records, other than by recourse to litigation


Shell sheds light on Westford
  • Harneys
  • British Virgin Islands
  • October 26 2012

In the recent decision of Kenneth Krys and Joanna Lau (as Joint Liquidators of Fairfield Sentry Limited in Liquidation) and Stichting Shell Pension Funds, HCVAP 2011036, the ECSC Court of Appeal provided some clarification of its decision in Westford Special Situations Fund Limited v Barfield Nominees Limited et al HCVAP No


TIEAs - A modern day Scylla and Charybdis?
  • Harneys
  • British Virgin Islands, OECD
  • October 4 2016

The British Virgin Islands operates one of the most robust and accountable regulatory systems in the world. It is more compliant with global


Dispositions of assets by a British Virgin Islands company
  • Harneys
  • British Virgin Islands
  • January 11 2013

Although under British Virgin Islands law, companies are (subject to limitations in their constitutional documents) generally free to dispose of