Selected experience · British Virgin Islands and DIFC Courts
FCI Markets Inc (in liquidation)
BVI and DIFC proceedings
BVI and DIFC proceedings
British Virgin Islands and DIFC Courts
2018
Sole counsel for the provisional liquidator and subsequently the liquidator
Cross-border liquidation, recognition and fraud recovery
Alexander acted as sole counsel for the provisional liquidator and subsequently the liquidator in cross-border recovery work connected with an alleged US$300 million Ponzi scheme operated from Dubai.
Case overview
The work involved recovery efforts for victims, BVI provisional-liquidation and liquidation proceedings, and obtaining recognition of the BVI liquidation from the DIFC Court in Dubai.
Principal issues or remedies
- Representation of insolvency office-holders in fraud-related recovery work.
- Coordination of BVI liquidation and DIFC recognition proceedings.
- Use of insolvency and recognition mechanisms to support international asset recovery.
Alexander's role, work and outcome
The BVI liquidation was recognised by the DIFC Court. Alexander acted as counsel throughout and did not personally hold office as provisional liquidator or liquidator.
Why the case matters
The matter combined sole-counsel representation of office-holders with cross-border insolvency, financial fraud and international recovery work.
Official, reported and published materials
No public judgment link has been identified for the relevant BVI and DIFC proceedings.