Adam Hinks
Partner
Singapore
Sep 19, 2023
In granting the order the BVI Court has followed established BVI authority in Chainswap[1] and Torque Group[2] that fungible tokens are to be treated as property, and demonstrated that it will move swiftly and on short notice to protect assets that are deemed to be at risk.
Murray Laing, partner in our BVI insolvency and dispute resolution team commented: "this is a welcome outcome for stakeholders dealing with a BVI company's digital assets".
Walkers are regularly instructed on high-value cross-border disputes and were able to deploy resources from different jurisdictions and time zones over a short period of time in order to successfully obtain the relief sought. If you or your clients require urgent assistance in the order to protect assets held by a BVI company, please do not hesitate to get in touch.
[1] BVIHC(COM)2022/0031
[2] BVIHC9COM)2021/0031
Authors
Global Head of Communications
Communications and Digital Marketing Manager - Americas/Cayman Islands
Key contacts
Senior Associate
British Virgin Islands
Associate
British Virgin Islands