Three Arrows Capital — BVI cross-border insolvency proceedings

BVI Commercial Court proceedings (2024)

Citation or case number

BVI Commercial Court proceedings (2024)

Forum and jurisdiction

Eastern Caribbean Supreme Court, BVI Commercial Division

Date

2024

Role and party represented

Junior counsel instructed by Ogier in the BVI and Latham & Watkins in New York

Principal subject

Cross-border insolvency and preference claims

Alexander worked on high-value BVI insolvency proceedings concerning the interaction between Chapter 15 proceedings in the United States and substantial preference claims in the BVI.

Case overview

The engagement concerned preference claims valued in the hundreds of millions of US dollars and required expert analysis of Chapter 15 proceedings before bankruptcy courts in New York and New Jersey.

Principal issues or remedies

  • The relationship between BVI insolvency proceedings and United States Chapter 15 recognition.
  • Potential preference claims of very substantial value.
  • Coordination between BVI and United States legal teams and expert evidence.

Alexander's role, work and outcome

Alexander prepared the required expert evidence and worked with BVI and US counsel before the proceedings were resolved without that evidence being given at trial.

Why the case matters

The matter involved large-scale crypto insolvency, Chapter 15 and multi-jurisdictional office-holder litigation.

Official, reported and published materials

The proceedings were resolved without a published final judgment relevant to Alexander's engagement.

← All cases
Back to top ↑