Grant Carroll

Jul 5, 2023 | lexology.com | Brian Lacy |Grant Carroll

The continued fall-out of the high-profile collapse of the Three Arrows crypto fund has seen another development, with the BVI Court permitting alternative service by Twitter after the collapsed fund's directors failed to appear for examination before the BVI Court.(1)Three Arrows conducted a high-profile and prominent cryptocurrency business as a digital asset hedge fund, reportedly operating assets in excess of $10 billion at one stage.

Mar 22, 2023 | lexology.com | Daniel Mitchell |Grant Carroll |Brian Lacy |Justin Davis

FactsInsolvency Act 2003CommentIn the Three Arrows case,(1) the BVI Court has endorsed what is believed to be its first extra-territorial order summoning directors of a BVI company (in liquidation) to appear for private examination by joint liquidators. Facts Three Arrows conducted a high-profile and prominent cryptocurrency business as a digital asset hedge fund, reportedly operating assets in excess of $10 billion at one stage.

Jan 25, 2023 | lexology.com | Kate Hodson |Alan Wong |Justin Davis |Grant Carroll

IntroductionValuationSide pocketsOther optionsDispute resolutionCommentIntroductionThe British Virgin Islands is a popular jurisdiction for the incorporation of entities that own, trade or invest in cryptocurrencies and other digital assets. Recently, the BVI courts have grappled with a number of novel issues concerning crypto-related frauds and the liquidations of insolvent companies owning crypto assets.