Skip to main content
Link to Walkers homepage

Securing the BVI’s first recorded personal bankruptcy orders

Feb 11, 2025

Our work
A man in a business suit signing a legal contract.

On 22 January 2025, the Honourable Justice Abbas Mithani, sitting in the BVI Commercial Court, granted the jurisdiction’s first recorded personal bankruptcy orders, appointing trustees in bankruptcy to the estates of Mr Carson Wen and Ms Julia Yuet Shan Fung. The trustees in bankruptcy are appointed to take possession of the respective estates, including all the assets belonging to or vested in the bankrupts. The trustees in bankruptcy are Mr James Drury of Interpath BVI and Mr Michael Leeds of Interpath London.

The application was brought by Mr Chad Holm, following related BVI proceedings where the debt arose after the respondents' unsuccessful appeal to the Privy Council, the final appellate court for the BVI. Walkers represented Mr Holm in those proceedings, where he succeeded at trial, on appeal, and before the Privy Council.

One notable aspect of the case is that the bankrupts are not resident in the BVI. This demonstrates the jurisdiction of the BVI Courts to grant bankruptcy orders which extends to persons who are non-resident but have assets or appear to have assets within the BVI.

Our Insolvency & Dispute Resolution team consisted of Oliver Clifton, John Crook, Colleen Farrington, Harry Oulton and Yegâne Güley for the applicant.

 
Dispute ResolutionInsolvency & RestructuringBritish Virgin Islands

Media contact

Emily Hirsch

Communications and Digital Marketing Manager - Americas/Cayman Islands

T/+1 345 814 6805
M/+1 345 936 6805
E/Email Emily Hirsch

Shana Ray

Head of Business Development - Asia and Middle East

T/+852 2596 3302
M/+852 9030 6084
E/Email Shana Ray

Key contacts

Get in touch with our team

Oliver Clifton
Oliver Clifton

Oliver Clifton

Partner

British Virgin Islands

T

+1 284 852 2246

M

+1 284 542 2246

E

Email Oliver Clifton
View profile
John Crook
John Crook

John Crook

Partner

Hong Kong

T

+852 2596 3344

M

+852 9222 5797

E

Email John Crook
View profile
Colleen Farrington
Colleen Farrington

Colleen Farrington

Senior Counsel

British Virgin Islands

T

+1 284 852 2219

M

+1 284 542 2219

E

Email Colleen Farrington
View profile
Harry Oulton
Harry Oulton

Harry Oulton

Senior Associate

British Virgin Islands

T

+1 284 852 2231

M

+1 284 542 2231

E

Email Harry Oulton
View profile
Yegâne Güley
Yegâne Güley

Yegâne Güley

Associate

British Virgin Islands

T

+1 284 852 2276

M

+1 284 542 2276

E

Email Yegâne Güley
View profile

Get the latest insights and expertise in your inbox 

Fluid ink image
Sign up
logo footer

Connect with us

FacebookFacebook
InstagramInstagram
LinkedInLinkedIn

Employee login

Self Service Password ResetWalkers AnywhereWalkers Sharefile
Legal notices/Cookies policy

All rights reserved - © 2025 Walkers Global