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Green light for liquidators to draw interim payments without fee approval
  • Harney Westwood & Riegels
  • 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 gives guidance on Section 175 procedure
  • Harney Westwood & Riegels
  • British Virgin Islands
  • February 14 2013

Until recently, it was a matter of conjecture as to how the 'usual or regular course of business' exception to Section 175 of the Business Companies Act should be applied with respect to single purpose vehicles which hold a single asset


Alfa v Cukurova,Part VII
  • Harney Westwood & Riegels
  • British Virgin Islands
  • February 5 2013

Like a low budget horror film, the Alfa v Cukurova litigation seems to have an inexhaustible supply of sequels. However, beyond a propensity for


Derivatives, double derivatives and unfair prejudice
  • Harney Westwood & Riegels
  • British Virgin Islands
  • February 7 2013

N a recent decision concerning Sections 184C and D of the BVI Business Companies Act 2004, Microsoft made an application for leave under Section 184C


Asset tracing in the British Virgin Islands
  • Harney Westwood & Riegels
  • British Virgin Islands
  • July 9 2015

A company incorporated in the British Virgin Islands is required to maintain certain records at the office of its registered agent (eg, its


Privy Council clarifies power to rectify share registers of BVI companies
  • Harney Westwood & Riegels
  • British Virgin Islands
  • May 21 2015

On January 21 2015 the Privy Council handed down its decision in Nilon Limited v Royal Westminster Investments SA (2015 UKPC 2), clarifying the


Voluntary liquidation: an almost irreversible procedure
  • Harney Westwood & Riegels
  • British Virgin Islands
  • November 26 2015

Can a company that has been voluntarily wound up be restored to good standing on application by a former shareholder, liquidator or director who has


China Shanshui: change of direction for company winding-up petitions
  • Harney Westwood & Riegels
  • Cayman Islands
  • January 7 2016

In a widely discussed Cayman Grand Court decision, Justice Mangatal parted company with one of her fellow judges by declining to follow Justice


Impact of side letters on core provisions of Cayman Islands funds
  • Harney Westwood & Riegels
  • Cayman Islands
  • October 13 2015

In Re Lancelot Investors Fund, KBC Investments Ltd v Varga (Unreported, Civil Appeal 272013, April 27 2015) the Cayman Islands Court of Appeal has


BVI leave requirements in derivative actions by foreign companies
  • Harney Westwood & Riegels
  • British Virgin Islands
  • October 27 2016

Do shareholders of foreign companies require leave to bring derivative proceedings in the British Virgin Islands? Facts The BVI Commercial Court