Shows
Exploring Offshore LitigationThe cost of non-compliance with BVI court orders
Case background
Enforcement judgmentsThe Gerald Metals Group was awarded an unprecedented $2.5 million fine against its former joint venture partner China National Gold Group Hong Kong Limited (CNG) for its significant and persistent non-compliance with court orders in the BVI.
The underlying dispute (resolved in arbitration) involved a dispute between a Gerald Metals entity, Global Mining Development LP (Global) and CNG, the two shareholders of a BVI joint venture vehicle, Soremi Investments Ltd (SIL). Global exercised a right of first refusal under the terms of their shareholder's agreement (the SHA) to purchase CNG's shares in SIL.
In breach of the SHA, CNG...2025-07-2204 min
Take 10Black Swan flies as Siskina diesIn this episode of our Take 10 podcast, BVI Head of Litigation, Insolvency and Restructuring Andrew Thorp is joined by partner Jonathan Addo to discuss the eagerly awaited Privy Council full board decision in Convoy Collateral Limited v Broad Idea International Limited which was handed down on 4 October 2021.The Privy Council was asked to determine whether the Eastern Caribbean Court of Appeal was right in overturning the BVI Commercial Court’s 2010 Black Swan decision, where Justice Bannister held that he had power to grant a freezing order in support of foreign proceedings against a non cause of action de...2021-10-0306 min