BC Capital Group et al: foreign assistance in Guernsey fund disputes
The Royal Court of Guernsey has, over the last 18 months, been the venue of a strongly contested dispute fought out between a receiver appointed by the US courts to the assets and businesses of Nikolai Battoo and his BC Capital Group (the US receiver) and liquidators (the BVI liquidators) appointed over the British Virgin Islands (BVI) companies acting as investment funds (hedge funds).
The cross-border nature of the dispute has given rise to a number of decisions touching on recognition and assistance to foreign insolvency practitioners, receivers and government agencies. This article will look briefly at three of those decisions to examine how the Guernsey court is approaching its role in assisting these foreign parties…
Click on the link below to read the rest of the Mourant Ozannes briefing.
News from Mourant Ozannes
Briefings from Mourant Ozannes
Getting it right: how to make a successful application for the appointment of provisional liquidators
The main job of a judge is to determine and uphold rights of property ownership, so applications to appoint provisional liquidators tend to go against the judicial grain.
The States of Jersey have passed an amendment to the Employment (Jersey) Law 2003, incorporating a number of ‘family-friendly’ rights into the legislation.