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Jonathan Addo
Jonathan Addo
  • Jonathan Addo

  • Partner
  • British Virgin Islands
Jeremy Child
Jeremy Child
  • Jeremy Child

  • Partner
  • London
Julie Engwirda
Julie Engwirda
  • Julie Engwirda

  • Partner
  • Hong Kong
Peter Ferrer
Peter Ferrer
  • Peter Ferrer

  • Partner
  • British Virgin Islands
Claire Goldstein
Claire Goldstein
  • Claire Goldstein

  • Partner
  • British Virgin Islands
Hazel-Ann Hannaway
Hazel-Ann Hannaway
  • Hazel-Ann Hannaway

  • Partner
  • British Virgin Islands
Nick Hoffman
Nick Hoffman
  • Nick Hoffman

  • Partner
  • Cayman Islands
Andrew Johnstone
Andrew Johnstone
  • Andrew Johnstone

  • Partner
  • Hong Kong
Paula Kay
Paula Kay
  • Paula Kay

  • Partner
  • Hong Kong
Phillip Kite
Phillip Kite
  • Phillip Kite

  • Partner
  • British Virgin Islands
Vicky Lord
Vicky Lord
  • Vicky Lord

  • Partner
  • Shanghai
Paul Madden
Paul Madden
  • Paul Madden

  • Partner
  • Cayman Islands
Henry Mander
Henry Mander
  • Henry Mander

  • Partner
  • Cayman Islands
Ian Mann
Ian Mann
  • Ian Mann

  • Partner
  • Hong Kong
William Peake
William Peake
  • William Peake

  • Partner
  • London
Lorinda Peasland
Lorinda Peasland
  • Lorinda Peasland

  • Consultant
  • Hong Kong
Chai Ridgers
Chai Ridgers
  • Chai Ridgers

  • Partner
  • Hong Kong
Nicola Roberts
Nicola Roberts
  • Nicola Roberts

  • Partner
  • Hong Kong
  • Singapore
Paul Smith
Paul Smith
  • Paul Smith

  • Partner
  • Cayman Islands
Andrew Thorp
Andrew Thorp
  • Andrew Thorp

  • Partner
  • British Virgin Islands
Jessica Williams
Jessica Williams
  • Jessica Williams

  • Partner
  • Cayman Islands
Jayson Wood
Jayson Wood
  • Jayson Wood

  • Partner
  • Cayman Islands

Black Swan resurrected

On New Year’s Eve, the BVI House of Assembly approved important draft legislation that provides for interim relief in support of foreign proceedings. We expect that the legislation will be assented to and will come into force imminently. 

Once formally in law, parties will have a statutory route to obtain free-standing interim relief (including the appointment of receivers) in support of foreign proceedings, whether sought against BVI persons or non-BVI persons. The legislation will also provide a statutory route for interim relief to be granted against non-cause of action defendants (otherwise known as the Chabra jurisdiction).

Finally, the draft legislation codifies the ability to grant Norwich Pharmacal disclosure in aid of foreign proceedings; this was an issue that has generated debate in recent cases in the BVI.

Since 2010 the BVI Courts created the common law power to grant standalone interim relief in support of foreign proceedings under the well-known decision of Black Swan. The Court of Appeal reversed that power in May 2020 leading to the draft legislation. 

An appeal of that decision and the common law power to grant interim relief in support of foreign proceedings will be examined and resolved by the Privy Council at an expedited hearing in February 2021. Harneys acts for the Appellant. In the meantime, the BVI has taken steps to restore clarity and ensure efficacy in cross border asset tracing and recovery efforts. 

Harneys’ Head of BVI Litigation, Andrew Thorp, noted that "the changes reflect the BVI's status as a leading financial centre and its proactive approach in the fight against global fraud."

For further details please speak to your usual contact at Harneys. 

Black Swan resurrected

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