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 minExploring Offshore LitigationFrom insolvency to innovation: The BVI leads the conversationOver the past couple of weeks, key players in the financial services world converged on the shores of the British Virgin Islands for two globally significant conferences: INSOL BVI Seminar and Fintech on the Seas (FOTS). The BVI relished its opportunity to play host, showcasing the sophistication of its financial services sector and legal market to an elite global audience.
These events were a fantastic reminder of the relevance of this jurisdiction to the global legal industry. Delegates from all over the world, including the UK, Europe, the US, Asia, and the Caribbean, descended on the BVI, making it...2025-07-0104 min
Take 10Les Ambassadeurs Club freezing injunctionIn this episode of our Take 10 podcast, Asia Managing Partner Ian Mann and Partner Peter Ferrer discuss the case of Les Ambassadeurs Club Ltd v Yu.Key takeaways:Les Ambassadeurs Club Ltd vs Yu is an English court of appeal case involving the test for a freezing injunction.This is the second case Les Ambassadeurs Club has had to file against a customer.The case concerned what is meant by “real risk of dissipation of assets”. The decision made it clear that it was not helpful to apply any gloss to the test and that a probab...2022-02-2112 min
Take 10International arbitration: A lesson in case managementIn this episode of our Take10 podcast, Partner Andrew Thorp is joined by Partner Peter Ferrer, Co-head of our global Litigation, Insolvency and Restructuring team, and Counsel Olga Osadchaya, a member of our Litigation and Insolvency practice in the BVI.2021-10-3108 min
Take 10Arbitration in the offshore worldIn this episode of our Take 10 podcast, Hong Kong partner Andrew Johnstone invites Peter Ferrer, our BVI-based co-head of the global Litigation, Insolvency and Restructuring team, and Hong Kong-based counsel Andrew Chin, to join him for a discussion on all things arbitration, particularly the use of arbitration in offshore disputes. Key takeawaysWhile most offshore disputes are resolved within the British Virgin Islands and Cayman Islands courts, there is an increasing trend in onshore and offshore jurisdictions to resolve disputes by way of arbitration.The main reasons for choosing arbitration are increased confidentially and privacy, and t...2021-09-0712 minTake 10The Pursuit of PassionIn this episode of our Take10 podcast, Partner Peter Ferrer is joined by Counsel Kimberly Crabbe-Adams as she provides insights into her experience growing up in the British Virgin Islands, pursuing her career in law, and the importance of passion.Key Takeaways:Kimberly first joined Harneys as part of a work-study programme while she was in high school in the BVI. After furthering her education in Canada and the UK, she held pupillages across our Corporate and Commercial, Banking and Finance and Investment Funds and Regulatory departments.She permanently joined the firm’s Litigation, Restructuring and In...2021-03-2413 min