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Aug 16, 2024 | 
de.advfn.com | Ryan Petersen |Adrian Duffield |Justin Davis
TIDMOCZ RNS Number : 9656P OCZ Technology Group, Inc. 01 April 2009 1 April 2009 OCZ Technology Group, Inc. Matched bargain facility Trading of the common shares and depositary interests on AIM of OCZ Technology Group, Inc. ("OCZ" or "the Group", AIM: OCZ), a worldwide leader in innovative, ultra-high performance and high-reliability computer components, ceases tomorrow, 2 April 2009.
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Jul 19, 2023 | 
lexology.com | Shane Quinn |Justin Davis
OptionsCommentIn the context of a liquidation, whether it is solvent or insolvent, a liquidator may need to consider sourcing funding for litigation.
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Jul 13, 2023 | 
lexology.com | Shane Quinn |Justin Davis
Ogier|Insolvency & Restructuring - British Virgin IslandsIntroductionFiduciary dutiesDuty of care to creditorsRealising cause of action IntroductionCurrently, the British Virgin Islands has no legislative framework for regulating third-party litigation funding.
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Jul 12, 2023 | 
lexology.com | Shane Quinn |Justin Davis
IntroductionFiduciary dutiesDuty of care to creditorsRealising cause of action IntroductionCurrently, the British Virgin Islands has no legislative framework for regulating third-party litigation funding. Until recently, the absence of such a framework led many to believe that the rules against maintenance and champerty still operated so as in practice to prevent litigants from raising funds from third parties to prosecute or to defend claims.
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Jun 8, 2023 | 
mondaq.com | Shane Quinn |Justin Davis
Currently, the British Virgin Islands has no legislative
framework for regulating third party litigation funding. Until
recently, the absence of such a framework led many to believe that
the rules against maintenance and champerty still operated so as in
practice to prevent litigants from raising funds from third parties
to prosecute or to defend claims.
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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.
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Feb 17, 2023 | 
themainewire.com | Justin Davis
Maine has the lowest rate of violent crime in the entire nation. Not one of the lowest, but the lowest. And, with the odd exception of slipping to number two here and there, that ranking has remained a constant for decades. This level of safety has been achieved with what most gun control groups call the weakest gun laws in the county.
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Feb 15, 2023 | 
lexology.com | Justin Davis |Shane Quinn
IntroductionIntroductionWhere a BVI company is struck off the register, its directors and members cannot carry on the company's affairs, commence or defend legal proceedings in the name of the company, or deal with the assets of the company. Where a company has been dissolved – whether voluntarily, by court order or because of a lapse of time since it was struck off administratively – it is legally dead. There will often be a need for it to be brought back into existence to fulfil some purpose.
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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.
