The legal community in the BVI has been pushing for a specialist court to hear financial and corporate disputes for some time. “The local courts were not serving the needs of the financial community. The judges in the BVI did not come from a commercial background, which meant cases took longer to be heard and many decisions were appealed. We needed a court dedicated to commercial disputes with judges who are experts in the field,” says Michael Fay, a partner at Ogier specialising in litigation.
The week on Risk.net, February 10-16, 2018Receive this by email