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The BVI Commercial Court has delivered a landmark judgment addressing whether foreign judgments that remain unrecognised within the jurisdiction may properly found a statutory demand. The decision reconciles two seemingly conflicting precedents by drawing a crucial distinction between debts evidenced by foreign determinations and debts created solely by foreign judicial acts.

The British Virgin Islands has emerged as a premier offshore jurisdiction for Latin American high-net-worth families seeking sophisticated wealth preservation and succession planning solutions.

The BVI Commercial Court has clarified a longstanding practice regarding liquidator powers in compulsory winding-up orders, determining that court sanction requirements should not be automatically imposed. This judgment examines the statutory framework under the Insolvency Act 2003 and establishes that liquidators possess broad powers by default, with restrictions requiring case-specific justification rather than blanket application.