About: British Virgin Islands bankruptcy law

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British Virgin Islands bankruptcy law is principally codified in the Insolvency Act, 2003, and to a lesser degree in the Insolvency Rules, 2005. Most of the emphasis of bankruptcy law in the British Virgin Islands relates to corporate insolvency rather than personal bankruptcy. As an offshore financial centre, the British Virgin Islands has many times more resident companies than citizens, and accordingly the courts spend more time dealing with corporate insolvency and reorganisation.

Attributes	Values
rdfs:label	British Virgin Islands bankruptcy law (en)
rdfs:comment	British Virgin Islands bankruptcy law is principally codified in the Insolvency Act, 2003, and to a lesser degree in the Insolvency Rules, 2005. Most of the emphasis of bankruptcy law in the British Virgin Islands relates to corporate insolvency rather than personal bankruptcy. As an offshore financial centre, the British Virgin Islands has many times more resident companies than citizens, and accordingly the courts spend more time dealing with corporate insolvency and reorganisation. (en)
foaf:depiction
dcterms:subject	British Virgin Islands law Economy of the British Virgin Islands Insolvency law by country
Wikipage page ID	42359799 (xsd:integer)
Wikipage revision ID	1056771405 (xsd:integer)
Link from a Wikipage to another Wikipage	Corporate insolvency British Virgin Islands law Economy of the British Virgin Islands Offshore company UNCITRAL Model Law on Cross-Border Insolvency Cross-border insolvency Madoff investment scandal Subordination (finance) British Virgin Islands British Virgin Islands Financial Services Commission Administration (law) Liquidator (law) Floating charge Insolvency law by country Going concern Unfair preference International Swaps and Derivatives Association Irving Picard Pari passu Offshore financial centre Security interest Secured creditor Set-off (law) Undervalue transaction Scheme of arrangement Personal bankruptcy Netting Voidable floating charge Trustee in bankruptcy Leveraged finance Provisional liquidator Bankruptcy law Bankruptcy order Rescue culture Preferred creditor Structured finance vehicles
Link from a Wikipage to an external page	https://web.archive.org/web/20140228124340/http:/www.bvifsc.vg/Portals/2/INSOLVENCY_ACT_NO.5OF2003.pdf https://web.archive.org/web/20150924025001/http:/www.harneys.com/files/Insolvency%20Laws%20Tested.pdf https://web.archive.org/web/20160304090527/http:/www.bvifsc.vg/Portals/2/Insolvency_Rules_2005.pdf https://web.archive.org/web/20171230194625/http:/www.harneys.com/files/bvi-insolvency-law-in-60-seconds-%281%29.pdf
sameAs	British Virgin Islands bankruptcy law British Virgin Islands bankruptcy law British Virgin Islands bankruptcy law
dbp:wikiPageUsesTemplate	dbt:Americas_topic dbt:Reflist dbt:Use_British_English dbt:Use_dmy_dates dbt:Caribbean_topic dbt:Insolvency
thumbnail	wiki-commons:Special:FilePath/BVI_Financial_Services_Commission.jpg?width=300
has abstract	British Virgin Islands bankruptcy law is principally codified in the Insolvency Act, 2003, and to a lesser degree in the Insolvency Rules, 2005. Most of the emphasis of bankruptcy law in the British Virgin Islands relates to corporate insolvency rather than personal bankruptcy. As an offshore financial centre, the British Virgin Islands has many times more resident companies than citizens, and accordingly the courts spend more time dealing with corporate insolvency and reorganisation. The Insolvency Act largely eschews the rescue culture and emphasises the protection of creditors' rights (and in particular secured creditors' rights) over other stakeholders in a bankruptcy and the rehabilitation and protection of businesses as a going concern. This reflects the large number of structured finance vehicles incorporated in the jurisdiction which employ leveraged finance, but do not otherwise trade or have any employees. The bankruptcy of individuals is usually referred to as "personal bankruptcy" in the British Virgin Islands, whereas the bankruptcy of corporations is referred to as "corporate insolvency". The legislation largely deals with both separately, although there are some common provisions. (en)
prov:wasDerivedFrom	wikipedia-en:British_Virgin_Islands_bankruptcy_law?oldid=1056771405&ns=0
page length (characters) of wiki page	13529 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:British_Virgin_Islands_bankruptcy_law
is Link from a Wikipage to another Wikipage of	Hague v Nam Tai Electronics Sevilleja v Marex Financial Ltd Stichting Shell Pensioenfonds v Krys BVI bankruptcy law BVI insolvency law Bankruptcy in the British Virgin Islands British Virgin Islands insolvency law
is Wikipage redirect of	BVI bankruptcy law BVI insolvency law Bankruptcy in the British Virgin Islands British Virgin Islands insolvency law
is foaf:primaryTopic of	wikipedia-en:British_Virgin_Islands_bankruptcy_law

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