Rosalind Nicholson, a partner with Walkers in the BVI, and John Crook, a senior associate in Hong Kong, analyse recent developments in cross-border recognition in Bermuda, Cayman and the BVI.
In today's global economy, cross-border structures, frequently including an offshore entity, have become familiar to office holders around the world. However, the territorial limits of a court's powers can mean that such structures present obstacles with which office holders attempting to conduct an orderly and efficient winding up of a debtor's affairs need to familiarise themselves.
This was first published in the August 2021 issue (issue 259) of the Global Turnaround.
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