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Asset tracing, investigation and recovery
We have experience of retrieving assets from jurisdictions in the Caribbean, Russia/CIS, Asia, Africa, Latin America and Europe, as well as other offshore centres.
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Contentious estates and family disputes
Managing complex, high net worth and sensitive issues such as divorce to resolution.
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Corporate restructuring and recovery
Providing a wide range of restructuring services to professionals, companies and their stakeholders.
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Cross-border and domestic insolvency
Our BVI team specialises in taking formal insolvency appointments in relation to businesses with complex, international affairs.
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Forensic and investigation services
Grant Thornton BVI's forensic and investigation services team supports clients at every stage of a matter, whether in an investigative, advisory, insolvency & asset recovery, or testifying expert witness capacity.
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Solvent liquidations
Developing liquidation process strategies to mitigate such circumstances or recommending the appropriate actions to simplify delivery of the liquidation as efficiently and economically as possible.
Overcoming difficulties faced overseas by Liquidators appointed by shareholders’ resolut.....
17 Jul 2018BVI Court Confirms Liquidators were Duly Appointed by Shareholders Resolution
Following an appointment as liquidators of a BVI Company pursuant to a qualifying shareholders resolution passed pursuant to section 159(2) of the BVI Insolvency Act 2003 we needed to seek recognition of our appointment in Switzerland to take control of bank accounts. We were advised that the Swiss Courts would be unlikely to recognise our appointment without a Court Order. Therefore we needed the BVI Court to effectively affirm our appointment as liquidators.
In an application heard before Judge Wallbank the Court provided us with a court order confirming that individuals from Grant Thornton BVI had been duly appointed as liquidators pursuant to Section 159(2) of the Act.
This issue is not a new one and we are aware that it has impeded investigations into liquidation estates previously, we are not aware however of the BVI Court having previously made such an Order and we welcome this development.