Black Swan takes a dive


Publication Date:
10 Jun 2020


Description:

The BVI courts’ Black Swan jurisdiction has been described is “an invaluable tool in asset tracing as it provides a means of opening up a new front to freeze assets without the need to bring a claim for substantive relief.”

 

Currently however, it seems it is no more, following a decision handed down on 29 May 2020 by the Eastern Caribbean Court of Appeal in Broad Idea International Limited –v- Convoy Collateral Limited BVICMAP 2019/0026. 

 

 

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