Cayman Islands: The Recoverability of Foreign Lawyers’ Fees 7 July 2022 On Mondaq By Fleur O’Driscoll Forbes Hare Introduction The recoverability of foreign lawyers’ fees is an issue which has frequently been considered by the British Virgin Islands Courts in recent years. This has resulted in a significant body of case law on the…
British Virgin Islands: The Recoverability of Foreign Lawyers’ Fees 7 July 2022 On Mondaq By Richard Baird Forbes Hare When the Legal Practitioners Act, 2015 (the “LPA”) came into force in the British Virgin Islands (the “BVI”), it rewrote the rules governing the legal costs that parties to BVI court proceedings can recover from…
British Virgin Islands: cross-undertaking in damages required as price of continuing interim receivership order 21 June 2022 On Mondaq By Richard Baird Forbes Hare A defendant owns a British Virgin Islands company, which controls a majority stake in a publicly listed Japanese company. A claimant obtains an ex parte interim freezing order and gives the…
Compliance Assistant Employer: Forbes Hare LLP Position title: Compliance Assistant Contract type: Permanent Contract Hours: Full time Remuneration/Pay rate: £25,000 – £35,000 (depending on experience) Place of work: 15 New Bridge Street, London,…
Implications Of The BVI Court’s Charging Order Judgment In JTrust Asia Pte Ltd v Konoshita On Mondaq, 11 May 2022 by Richard Baird, Forbes Hare In JTrust Asia Pte Ltd v Konoshita,1 the British Virgin Islands High Court relied on 184-year-old legislation from the early Victorian era to hold that charging orders against judgment debtors’ company shares or other…
British Virgin Islands: BVI Court holds that judgment creditors must wait six months before seeking an order for the sale of charged property Mondaq – 11 April 2022 By Richard Baird Forbes Hare The saga involving the British Virgin Islands High Court’s jurisdiction to enforce its judgments by making charging orders against company shares or…
PRESS RELEASE For Immediate Release: 22 July 2021 Press contact: maria.cassidy@forbeshare.com Forbes Hare opens a new office in Hong Kong Forbes Hare has opened an office in Hong Kong, boosting its presence in Asia and augmenting its existing Singapore office. The offshore firm is the largest BVI and Cayman Islands firm which does not…
The Cayman Islands government confirmed earlier this week that the jurisdiction had been removed from Annex 1 of the European Union’s (“EU”) list of non-cooperative jurisdictions for tax purposes (the “EU Blacklist”). This action by the EU recognises the continuing cooperation by the Cayman Islands in meeting international standards of good tax governance and confirms…
Purpose The purpose of this legal update is to: (i) inform you of the enactment of the Private Funds (Amendment) Law, 2020[1] on 7 July 2020 (the PFL Amendment) which introduces some important changes to the Cayman Islands Private Funds Law 2020[2] (the Private Funds Law and together with the PFL Amendment and regulations[3] pertaining…
Legal Update on the introduction of the Cayman Islands Private Funds Law 2020 and what this means for private equity funds and closed ended investment vehicles domiciled in the Cayman Islands Purpose The purpose of this legal update is to inform you of the introduction of the Cayman Islands Private Funds Law 2020 [1] and…