Region: British Virgin Islands

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