Latest / Exploring Offshore Litigation
Fraud unravels everything – how the BVI Courts can assist
Fraudsters sometimes choose offshore vehicles in their illegal schemes under the mistaken belief that the misappropriated assets will not be found or that the victims of fraud will not be able to identify the fraudsters. This is completely wrong. The BVI Courts apply a well-known legal maxim originally developed by the English Courts in Lazarus Estates v Beasley [1956] 1 QB 702: "No Court in this land will allow a person to keep an advantage which has been obtained by fraud ... fraud unravels everything." When can fraud cases be brought in the BVI? To secure assistance from the BVI Courts in…
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