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BVI holds firm on jurisdiction for claims under the BCA Transitional CPR provisions – old rules vs revised rules Forum non conveniens Takeaways for practitioners
In the recent decision of the BVI Commercial Court in Transcience Investments Limited v Greentown Holdings (BVI) Inc, the Court dismissed a jurisdiction challenge and related stay application by the Third Defendant, confirming that minority shareholder remedies under the BVI Business Companies Act, Revised Edition 2020 are to be tried in the BVI, while also clarifying how the ECSC CPR 2023 transitional provisions operate.
The case will be of particular interest to those bringing or defending minority shareholder and director-duty claims involving BVI companies with foreign operations, and to…
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