Edmond Fung

1 month ago | lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Edmond Fung |Faye Huang | +2 more

介绍 在英属维尔京群岛（「BVI」）注册成立的公司的所有股东均享有一定的权利和保护。然而，公司内部投票权的不平衡可能导致控制多数人以损害少数股东权利的方式处理公司事务。本文将探讨英属维尔京群岛法院对涉嫌对股东造成不公平损害的行为的处理方法。 2004 年英属维尔京群岛商业公司法（经修订）（「BCA」） 2004 年《BVI 商业公司法》（经修订）（「BCA」）第 184I 条对 BVI 公司少数股东的保护作出了规定。如果英属维尔京群岛公司的少数股东认为公司事务已经、正在或可能以对他们造成压迫、不公平歧视或不公平损害的方式进行，他们可以向英属维尔京群岛法院请求赔偿。根据第 184I 条，法院有权保护少数股东的权利并对公司及其控制人提供救济。如果法院认为这样做是公正和公平的，它可以发布其认为合适的命令，包括： 1）要求公司或其他人收购股东的股份； 2）要求公司或其他人向股东支付赔偿金； 3）修改公司章程大纲或章程细则； 4）任命公司清算人；和 5) 撤销公司或其董事违反 BCA 或公司备忘录或章程所做的任何决定或采取的行动。 法院不得根据第 184I...

Jan 13, 2025 | law.asia | Gary Smith |Edmond Fung |Loeb Smith Attorneys

A liquidation in the British Virgin Islands (BVI) can be either: (1) an insolvent liquidation and therefore governed by the Insolvency Act 2003 (as amended); or (2) a solvent liquidation and therefore governed by the BVI Business Companies Act (as amended) (Companies Act). The Companies Act was amended by the BVI Business Companies (Amendment) Act 2022 and BVI Business Companies (Amendment) Regulations 2022 (the Amendments).

Nov 12, 2024 | law.asia | Gary Smith |Edmond Fung |Loeb Smith Attorneys

The British Virgin Islands (BVI) has been proactive in addressing the legal implications of decentralised autonomous organisations (DAOs), particularly concerning their assets and liabilities in the context of insolvency. While the BVI does not have specific legislation exclusively addressing DAOs, existing laws and legal principles can be applied to assess the treatment of DAO assets and liabilities. Legal structureBVI law does not have legislation or case law that defines what a DAO is.

Aug 27, 2024 | lexology.com | Gary Smith |Robert Farrell |Cesare Bandini |Elizabeth Kenny |Edmond Fung |Faye Huang | +2 more

IntroductionIn certain circumstances, the liquidator of a British Virgin Islands (“BVI”) company may be able to set aside certain transactions which took place in the lead up to the company’s liquidation. It is important for those concerned with the affairs of a BVI company that they are aware of the statutory powers available to the liquidator. For a corporate liquidation in the BVI, there are four types of voidable transactions set out in the Insolvency Act 2003 (as revised).

Aug 18, 2024 | law.asia | Gary Smith |Edmond Fung |Loeb Smith Attorneys

Liquidations in the British Virgin Islands can be either an insolvent liquidation governed by the Insolvency Act 2003 (as amended), or a solvent liquidation governed by the BVI Business Companies Act (as amended). This article provides a brief overview of insolvent liquidations.