BVI and Cayman Insolvency Law: A Comparison

In this article first published in Commercial Dispute Resolution magazine, we explore the similarities and differences between the British Virgin Islands and Cayman Islands insolvency laws and how to manage the dispute consequences of differences between each jurisdiction.

Both jurisdictions largely eschew debtor-in-possession forms of rehabilitation, and jealously guard the rights of secured creditor to enforce their security before and after the commencement of liquidation.