On 15 May 2024, the Bermuda Court granted an order striking out a winding-up petition (the “Petition”), setting aside an earlier order appointing joint provisional liquidators (“JPLs”), and discharging the JPLs appointed over...more
In a recent decision of the BVI Commercial Court, the Honourable Mr Justice Wallbank dismissed an application by the Defendants in King Bun Limited & Ors v Lau Man Sang James & Ors to set aside a previous order granting...more
On 5 February 2024, the Honourable Justice Paul Webster granted a restoration order (the “Order”) pursuant to section 218A of the BVI Business Companies Act (Revised Edition 2020) (as amended) (the “Act”), declaring the...more
Feb 2024 On 12 January 2024, the Honourable Mr Justice Kawaley granted an order for the appointment of receivers pursuant to Section 224 of the Companies Act (2023 Revision) (the “Act”), over the Premier Life Settlement Fund...more
The Honourable Mr Justice Kawaley granted a winding up order against Airstream Investment Ltd (the “Company”), an exempted company incorporated under the laws of the Cayman Islands. Conyers acted for the successful...more
2/22/2024
/ Cayman Islands ,
Companies Act ,
Creditors ,
Debtors ,
Dispute Resolution ,
Foreign Bankruptcies ,
Insolvency ,
Investment Advisory Agreements ,
Liquidation ,
Remuneration ,
Winding Up Petitions
Nov 2023 In August 2021, the BVI Commercial Court handed down judgment on liability in favour of the Claimants against seven directors of Vanway for carrying out a fraud on the minority shareholders, in selling the assets of...more
12/8/2023
/ Board of Directors ,
Breach of Duty ,
British Virgin Islands ,
BVI Business Companies ,
Corporate Governance ,
Corporate Liability ,
Dispute Resolution ,
Fiduciary Duty ,
Final Judgment ,
Fraud ,
Hong Kong ,
Minority Shareholders ,
Settlement
On 7 July 2023, the Eastern Caribbean Court of Appeal handed down judgment in BVIHCMAP 2021/0034 Lau Man Sang, James and Others v. King Bun Limited and Others. Conyers represented the successful Respondents before the Court...more
9/7/2023
/ Appeals ,
Board of Directors ,
Breach of Duty ,
British Virgin Islands ,
Business Companies Act ,
BVI Business Companies ,
Commercial Court ,
Corporate Governance ,
Corporate Restructuring ,
Duty of Care ,
Fiduciary Duty ,
Shareholder Litigation
Offshore Trust and Estate Litigation Update Series – Part II -
Following on from Part I of this series which summarised the Cayman Court’s consideration of a trustee’s application for the “blessing” of a “momentous...more
5/1/2023
/ Appeals ,
Beneficiaries ,
British Virgin Islands ,
Cayman Islands ,
Cross-Border ,
Offshore Companies ,
Oral Communications ,
Private Company Shares ,
Res Judicata ,
Trustees ,
Trusts ,
Wills
Offshore Trust and Estate Litigation Update Series – Part I -
Trust and estate disputes in both the Cayman Islands and the BVI, and claims against the actions of a trustee/executor or disputes related to an interested...more
Following the implementation of the recent amendments to the Companies Act to remove the head count test for shareholder schemes of arrangement, Conyers has assisted two Hong Kong listed companies (China Vast Industrial Urban...more
Due to the recent challenging economic environment, the law’s treatment of creditors’ interests in a restructuring or insolvency has been a hot topic. From a creditor’s perspective, its objective will be straightforward: to...more
11/9/2022
/ Appeals ,
BVI Business Companies ,
Cayman Islands ,
Corporate Restructuring ,
Creditors ,
Debtors ,
HSBC ,
Insolvency ,
Liquidation ,
Shareholders ,
UK ,
UK Companies Acts ,
UK Supreme Court