All Insights

Article A new approach for BVI liquidators to deal with un-cooperative Swiss banks 28 Nov 2021
We often find in our role as liquidators of BVI companies that BVI companies hold or held accounts with banks in Switzerland.
Article Guidance on undertakings for freezing orders issued 26 Aug 2021
The BVI Court provides helpful guidance on undertakings for damages in respect of freezing orders sought by insolvency practitioners
Article Pursuing ‘net winners’ of Ponzi schemes – choice of jurisdiction 02 Feb 2020
Privy Council Confirms liquidators of Ponzi Scheme cannot re-adjust losses after liquidation: Divergence from US Approach
Article The value of appointing liquidators in the BVI to recover debts 28 Jan 2020
Creditors of British Virgin Islands (“BVI”) incorporated companies are often concerned that by the time they obtain an order from the BVI Court placing the
Article First reported BVI Court order to pool liquidation estates 12 Dec 2019
Liquidators from Grant Thornton have obtained the first reported order from the BVI Court to pool the assets and liabilities of related liquidation estates.
Article Update on Standing to Challenge Decisions of BVI Liquidators 18 Apr 2019
In our last update we commented on the tests applied by the BVI Courts when considering both the standing to challenge the decisions of BVI Liquidators and
Article The funding of BVI insolvencies and Grant Thornton’s innovative approach 05 Apr 2019
Grant Thornton are often appointed as Liquidators/Receivers in situations where insufficient funding is available
Article The Power of US discovery in a BVI liquidation – part II 05 Apr 2019
When investigating fraud or other dissipation of assets, we often come across email addresses which are used in the fraud
Article Who has standing to challenge decisions of BVI Liquidators and in what circumstances? 18 Jul 2018
Court of Appeal reaffirms principles applying to challenges to Liquidators’ Actions
Article Overcoming difficulties faced overseas by Liquidators appointed by shareholders’ resolution 17 Jul 2018
BVI Court Confirms Liquidators were Duly Appointed by Shareholders Resolution
Article GT BVI appointed as Receivers under the BVI Arbitration Act – a first for BVI 17 Jul 2018
BVI Court utilises provisions of BVI Arbitration Act for the first time to appoint Receivers from Grant Thornton over a BVI company
Insight The Power of US discovery in a BVI liquidation 18 May 2018
Section 1782 of Title 28 of the United States Code (“1782 Discovery”) is an extremely powerful discovery tool available to Liquidators in the BVI to obtain
Insight Successfully reducing Government Stamp Duty valuation of $25m down to $7m 20 Feb 2018
We were able to recently appeal a stamp duty assessment of EC$2.5m based on what we believed to be an inflated valuation of a property of EC$25m. The eventual
Insight How we deal with un-cooperative Swiss banks at Grant Thornton 19 Feb 2018
In our capacity as Liquidators of BVI companies, we frequently discover that the company holds/held accounts at banks in Switzerland. These banks often refuse