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Two British Virgin Islands companies have asked a US court to overturn an ICDR award that found they are bound by an arbitration agreement in a US$146 million dispute with Google’s Asian arm over unpaid advertising fees.
08 September 2022
A Singapore-based currency trader has filed a US$2.4 billion ICDR claim seeking to recover loans issued to a crypto hedge fund that it says suffered an “unprecedented implosion” following market volatility.
21 July 2022
A costs award issued by an LCIA tribunal in favour of two Chinese companies has been upheld after a court in the British Virgin Islands ruled that the Chinese tax authorities had no interest in the award.
06 July 2022
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
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
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
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
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
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
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
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