Our Senior Barrister, Malcolm Arthurs, analyses the impact of a recent BVI Commercial Court decision to simultaneously consider and grant restoration application and insolvent liquidation application to manage BVI Business Companies Act requirements.
With the assistance of BVI law firm Martin Kenney & Co (MKS), Nissan has won a high-profile claim in the BVI High Court for recovery of a superyacht, as well as damages of US$32 million, against ex-Nissan CEO and Chairman Carlos Ghosn, his wife Carole Nahas Ghosn, and a BVI company Ms Ghosn controlled styled Beauty Yachts.
A high-value and high-profile civil fraud claim against ex-Nissan CEO and Chairman Carlos Ghosn will now proceed to a full trial in the BVI, after Nissan successfully resisted an application by Mr Ghosn to strike out the claims. Nissan is represented by Martin Kenney & Co., Solicitors (MKS).
