Tag: BVI

The Future Of Unexplained Wealth Orders

UWOs were intended to empower UK law enforcement agencies to attack the UK-based assets of high-net worth individuals with shady pasts who owned assets of questionable origin. They could also be used to target UK-held assets of politically exposed persons (PEPs) suspected of grand corruption in their home states.

NEWS: Pakistani airline assets frozen in BVI

A court in the British Virgin Islands has attached assets belonging to Pakistan’s national airline – including interests in two hotels in New York and Paris – at the request of an Australian mining venture seeking to enforce a US$6 billion ICSID award. Martin Kenney & Co., Solicitors (MKS), is acting in this case.

Third Party Funding of Litigation and Arbitration in the BVI

What are the legal doctrines ⚖️ of ‘champerty and maintenance’ and how could clarifying current uncertainty under BVI law over third-party funding help the BVI in its litigation and arbitration work? Martin Kenney for the IFC Review.

Transparency battles: It’s the UK and EU’s turn for a bloody nose

The UK may see itself as one of the self-appointed global anti-corruption, anti-money laundering aficionados, but to many, especially its own Overseas Territories and Crown Dependencies, it is nothing more than the playground bully and a champion of hypocrisy.