Region: British Virgin Islands

“Even pariahs have rights”: law firm can't drop sanctioned Russian client

A judge in the British Virgin Islands has refused to allow Ogier to cease acting for a Russian state-owned bank in a pending litigation despite the offshore firm’s concerns about reputational damage and the impact of sanctions.

25 March 2022

Freezing injunctions against non-signatories in the BVI

Peter Ferrer of Harneys considers a recent British Virgin Islands freezing injunction granted in aid of a foreign arbitration against non-signatories and how it departs from English principles.

25 February 2022

LCIA award surfaces in Russian bank fraud case

Sons of a prominent Russian businessman took part in a “dishonest scheme” with a bank executive to replace US$500 million worth of secured loans with “unmarketable” bonds, according to a now-public LCIA award.

22 February 2022

Privy Council clarifies law on freezing injunctions

The UK Privy Council has confirmed that common law courts can grant freezing injunctions against parties over whom they have personal jurisdiction to aid enforcement of foreign judgments.

06 October 2021

Caribbean appeal court can’t grant interim relief against Pakistan

The Eastern Caribbean Court of Appeal has ruled it has no power to grant injunctive relief against Pakistan at the request of an ICSID creditor when a lower court’s finding that the state enjoys immunity has not been set aside.

15 July 2021

BVI court unfreezes Pakistani airline assets

A court in the British Virgin Islands has lifted attachments obtained by an ICSID creditor against US$3.1 billion worth of assets belonging to Pakistan’s national airline, including interests in two hotels in New York and Paris.

26 May 2021

British Virgin Islands defeats airline claim

The British Virgin Islands has defeated an ICDR claim worth more than US$10 million brought by two airline companies over a failed project to establish direct flights between Tortola and Miami – while vowing to pursue related litigation in its own courts.

17 May 2021

Cayman Islands court rules on request to aid enforcement

In a judgment dealing with an important issue of principle for offshore jurisdictions, the Court of Appeal of the Cayman Islands has said that Indian conglomerate Essar must provide steelmaker ArcelorMittal USA with information and documents relating to the assets of one of its companies to assist enforcement of an ICC award.

11 May 2021

Pakistani airline assets frozen in BVI

A court in the British Virgin Islands has attached assets belonging to Pakistan’s national airline – including interests in two hotels in New York and Paris – at the request of an Australian mining venture seeking to enforce a US$6 billion ICSID award.

05 January 2021

Dos Santos telecoms award enforced in BVI

The High Court of the British Virgin Islands has enforced a US$646 million award against a company owned by beleaguered Angolan billionaire Isabel dos Santos, finding that the ICC Court was right to appoint all five members of the arbitral tribunal itself.

18 August 2020

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