Is it possible for a debtor company to issue debt (such as bonds) and contractually agree for that debt to rank lower in priority than debts owed by a company to other unsecured creditors? This article examines the commercial...more
5/13/2024
/ Bermuda ,
British Virgin Islands ,
BVI Business Companies ,
Cayman Islands ,
Commercial Litigation ,
Creditors ,
Debtors ,
Dispute Resolution ,
Distressed Debt ,
Insolvency ,
Liquidation ,
Subordination Agreement ,
Winding Up Petitions
On 8 February 2024, the Honourable Mr Justice Paul Webster KC dismissed an application to set aside a statutory demand served on Angola Group Holdings Limited (the “Company”) by Bai Jun Tian Cheng Limited (“Bai Jun”). Conyers...more
For businesses that are family-owned and run in jurisdictions such as Hong Kong, Mainland China and Taiwan, it is common for beneficial ownership and control of the business enterprise to be vested in the shareholders of a...more
10/9/2023
/ Beneficial Owner ,
British Virgin Islands ,
Business Entities ,
BVI Business Companies ,
China ,
Corporate Restructuring ,
Debt ,
Debtors ,
Estate Planning ,
Holding Companies ,
Hong Kong ,
Incorporation ,
Jurisdiction ,
Privacy Laws ,
Shareholders ,
Taiwan
The holding company of many corporate groups trading in Asia is frequently incorporated in an offshore financial centre such as the British Virgin Islands (“BVI”). It is therefore common for high-net-worth individuals...more