No Creditors’ Winding Up of Nevis International Business Companies (Nevis IBCs) – Mark A.G. Brantley, Partner
The recent decision of the High Court in Nevis in the matter of Wang Ruiyun v. Gem Global Yield Fund Limited (Claim No. NEVHCV2011/0067) delivered by Mister Justice Redhead on 11th November, 2011 emphatically states that there is no mechanism under Nevis law for a Creditor to wind up an international business company formed pursuant to the Nevis Business Corporation Ordinance 1984, as amended (“NBCO”).
Nevis Remains on the Right Regulatory Path for Financial Services
While some Caribbean financial services centers have surrendered to the pressure to mandate open registers for beneficial ownership of companies registered in […]
