01 December 2018

A Guide to Restructuring and Insolvency in the British Virgin Islands (PLC Chapter)

Lawyers from our restructuring and insolvency practice have drafted this Q&A, which gives a structured overview of the key key trends and practical issues concerning restructuring and insolvency in this jurisdiction from rescue and insolvency procedures to carrying on business during insolvency.

Summary

  • Forms of security
  • Creditor and contributory ranking
  • Unpaid debts and recovery
  • State support
  • Rescue and insolvency procedures
  • Stakeholders' roles
  • Liability
  • Setting aside transactions
  • Carrying on business during insolvency
  • Additional finance
  • Multinational cases
  • Reform proposals

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