January 30, 2023

BVI Court appoints receiver under Arbitration Act to preserve assets pending arbitration award

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Authors: Vicky Lord Paula Gibbs Peter Ferrer Stuart Cullen Contributed by Harney Westwood & Riegels From ILO A BVI court has appointed Grant Thornton as a receiver over a BVI company under Section 43 of the Arbitration Act 2013 in order to preserve the value of the company pending the determination of foreign arbitration proceedings. […]

CCJ delivers judgements in matter BCB HOLDINGS LTD, THE BELIZE BANK LTD V. The AG OF BELIZE

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CCJ, Port of Spain. The Caribbean Court of Justice (CCJ) today declined to enforce an arbitral Award made by The London Court of International Arbitration (“the Tribunal”). The Award had ordered the State of Belize to pay to two Belizean Companies damages and costs totaling approximately US $44M with interest at 3.38% compounded annually. The […]

English court upholds obligation to hold “friendly discussions” before arbitration

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By: Jeremy Andrews Nick Marsh Elinor Thomas From DLA Piper International Arbitration Newsletter 22 SEP 2014: In a recent decision, the English Commercial Court has upheld the enforceability of a clause requiring the parties to seek to resolve a dispute by “friendly discussions” prior to commencing arbitration. The decision contrasts with previous authority regarding the […]