The BVI Business Companies Act 2004 (BVI BCA) provides the statutory framework for a BVI company to undertake a restructuring. The BVI BCA allows a BVI company to approve a plan of arrangement to restructure the company’s affairs or enter into a compromise or arrangement with any class of its creditors or any class of its members. There are no statutory restrictions on the types of debts, liabilities or claims against the company that can be restructured under the BVI BCA.
Download the PDF to read the full chapter, published originally by INSOL, here.
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