Important Judgement From UK Court for Liquidators Seeking Assistance From BVI Company Directors
In a judgment issued by Mrs. Justice Joanna Smith DBE in the High Court of Justice Business and Property Court of England and Wales, Insolvency and Companies List in the matter of the Joint Liquidators of MBI International & Partners Inc (in liquidation) (the “Company”) (the “Liquidators”) v. Sheikh Mohamed Bin Issa Al Jaber (the “Sheikh”) and others, the Court provided helpful direction on the duties of directors of British Virgin Islands entities subsequent to the appointment of liquidators. The judgment is important for liquidators seeking assistance from the company’s directors. For more information, you can go to this URL: https://www.krys-global.com/wp-content/uploads/2023/02/KG-re-MBI-judgment.pdf
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