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Searching Content indexed under Accounting and Audit by Phillip Kite ordered by Published Date Descending.
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Important Trends In BVI Insolvency Case Law
One of the aims of the BVI Insolvency Act (“the Act”) is to bring certainty to the insolvency regime in the BVI, including time limits for compulsory winding up procedures. In two recent cases the High Court gave a clear message that time limits will be strictly applied, even where this means a BVI company is then subject to a liquidation order.
British Virgin Islands
13 Sep 2006
2
BVI Insolvency Act Update
Since its enactment in 2003, the Insolvency Act ("the Act") has made significant and positive changes to insolvency law in the BVI. Phillip Kite gives an update on the way some of the more important changes have been interpreted to date. For UK practitioners, there are also some thoughts on how the Act might enable a BVI company, with a BVI governed floating charge, to circumvent some of the provisions of the UK Enterprise Act.
British Virgin Islands
22 Jun 2006
3
New Statutory Remedies for Shareholders in BVI Companies
The enactment of the BVI Business Companies (Amendment) Act 2005 ("the Act") provides both minority shareholders and joint venture partners with important remedies under BVI law. The provisions apply to all companies incorporated under the Act, and all previous companies are deemed to be automatically re-registered under the Act from 1 January 2007. This effectively means all BVI companies.
British Virgin Islands
9 Mar 2006
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