Broad idea v convoy collateral

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August undefined, 2024

WebOct 6, 2024 · Broad Idea is a company incorporated in the British Virgin Islands (BVI). Dr. Cho is a shareholder and director of Broad Idea. In February 2024, Convoy applied to the BVI court for freezing orders against Broad Idea and Dr. Cho in support of anticipated proceedings against Dr Cho in Hong Kong. Web[39] I note that Broad Idea has incurred significant costs to date, and additional costs will be incurred for the appeal. This Court awarded Broad Idea the costs of Convoy’s 25 th February 2024 application, and the costs of the appeal and in the court below. Convoy’s application for a stay includes a stay of the assessment and payment of ...

INTERIM RELIEF AVAILABLE IN THE BRITISH VIRGIN ISLANDS

WebApr 10, 2024 · The eagerly awaited Privy Council full board decision in Convoy Collateral Limited v Broad Idea International Limited et al was handed down on 4 October 2024 by the Appellate Committee. This was an appeal brought by Harneys on behalf of its client CCL seeking clarification on the law of freezing injunctions. WebOct 20, 2024 · In Broad Idea International Ltd v Convoy Collateral Ltd [2024] UKPC 24, the Privy Council held that where the court has personal jurisdiction over a party, it has power to grant a freezing injunction against that party to assist enforcement, through the court’s process, of a foreign judgment.However, the injunction gateway in the Eastern … my switzerland competition

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WebIt will be interesting to see the effect in Jersey - Jersey has had free-standing freezers since 1994 - but the Royal Court also later expressly declined to… WebApr 1, 2024 · Convoy Collateral v. Broad Idea – The Facts. Convoy Collateral Ltd (Convoy or the Appellant) is a company incorporated in Hong Kong. Broad Idea International Limited (Broad Idea) is a company incorporated in the BVI. The Second respondent is Dr Cho Kwait Chee Roy (Dr Cho) for whom Appleby acted. Dr Cho is … Web[2] The application was brought by Convoy Collateral Limited (“Convoy”) against Broad Idea International Limited (“Broad Idea”), a company incorporated in the BVI, for a freezing injunction in aid of foreign proceedings commenced in Hong Kong. Broad Idea at all material times owned 18.85% of the Shares in Town Health International ... my switzerland lehofer

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WebJun 17, 2024 · Idea International Limited v Convoy Collateral Limited(BVICMAP 2024/0026), the Eastern Caribbean Court of Appeal (Pereira CJ, Blenman, Michel JAA) has ruled that the BVI Court cannot grant a free standing freezing injunction against a BVI company where that company is not a party to substantive proceedings either in WebNov 24, 2024 · In a recent decision by the Judicial Committee of the Privy Council in Broad Idea International Limited v Convoy Collateral Limited, the panel found that in circumstances where the... the shops at willow bend food courtWebOct 8, 2024 · The BVI common law after Broad Idea - Collas Crill Friday 08 October 2024 The Judicial Committee of the Privy Council has recently handed down its heavily anticipated Judgment in the conjoined BVI appeals of Broad Idea International Ltd v Convoy Collateral Ltd and Convoy Collateral Ltd v Cho Kwai Chee. my switzerland webcams

"WebOct 20, 2024 · In Broad Idea International Ltd v Convoy Collateral Ltd [2024] UKPC 24, the Privy Council held that where the court has personal jurisdiction over a party, it has power to grant a freezing injunction against that party to assist enforcement, through the court’s process, of a foreign judgment. " - Broad idea v convoy collateral

Broad idea v convoy collateral

Privy Council Civil Fraud and Asset Tracing notes

WebJul 2024. Since the Court of Appeal’s decision in Broad Idea International Ltd v. Convoy Collateral Ltd BVIHCMAP 2024/0026 (“Broad Idea (No 2)”) was handed down on 29 May this year, our litigation team has frequently been asked to advise on the impact of that decision on the BVI Court’s jurisdiction to grant interlocutory relief in aid ... WebThe Privy Council has today handed down its judgment in Convoy Collateral Ltd v Broad Idea International Limited and Cho Kwai Chee, the so-called " Black Swan " Appeal and a related appeal, dismissing both appeals from the Eastern Caribbean Court of Appeal.

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WebDec 16, 2024 · Until the Court of Appeal's recent decision in Broad Idea International Limited v Convoy Collateral Limited, [3] free-standing freezing injunctions from the BVI Courts against third parties (often BVI companies) in support of foreign court proceedings, known as 'Black Swan' injunctions, had been available to claimants for at least 10 years ... WebOct 8, 2024 · On 4 October 2024, the Privy Council handed down its decision on Convoy Collateral Ltd v Broad Idea International Ltd [2024] UKPC 24. The judgment confirms that where the British Virgin Islands (BVI) High Court has personal jurisdiction over a party, the court has power to grant a freezing injunction against a party to assist with the ...

WebJan 8, 2024 · For a time, such relief appeared to be available in the BVI following the decision of Bannister J in Black Swan Investment ISA v Harvest View Limited BVIHC (Com) 2009/ 399 (Black Swan), until the recent decision of the Court of Appeal in Broad Idea v Convoy Collateral BVIHCMAP 2024/002 (Convoy 2) held that Black Swan had been … WebBroad Idea International Ltd (Respondent) v Convoy Collateral Ltd (Appellant) (British Virgin Islands) Convoy Collateral Ltd (Appellant) v Cho Kwai Chee (also known as Cho Kwai Chee Roy) (Respondent) (British Virgin Islands) From the Court of Appeal of the Eastern Caribbean Supreme Court (British Virgin Islands) before Lord Reed Lord Hodge

WebMar 10, 2024 · Convoy Collateral Ltd v Broad Idea International Ltd [2024] UKPC 24 10 Mar 2024 On 4 October 2024, the Privy Council handed down its much-anticipated judgment in the British Virgin Islands case, Convoy Collateral Ltd v Broad Idea International Ltd [2024] UKPC 24 ( Broad Idea ). WebJun 5, 2024 · Convoy Collateral Limited (" Convoy Collateral "), a company incorporated in Hong Kong, commenced proceedings in Hong Kong against a shareholder of Broad Idea International Limited (" Broad Idea "), Dr Cho Kwai Chee (" Dr Cho "), claiming, amongst other things, breach of fiduciary duty. Broad Idea is a company incorporated in the BVI.

WebOct 4, 2024 · The eagerly awaited Privy Council full board decision in Convoy Collateral Limited v Broad Idea International Limited et al was handed down on 4 October 2024 by the Appellate Committee. This was an appeal brought by Harneys on behalf of its client CCL seeking clarification on the law of freezing injunctions.

Web[3] The Applicant, Convoy Collateral Limited (‘CCL”), is a company incorporated in Hong Kong, a subsidiary of Convoy Global Holdings Ltd and part of the Convoy Global Group of companies. The Convoy Group provides financial planning, insurance, asset management, MPF and money-lending services in Hong Kong, Macau and China. the shops at willow bend directoryWebOct 4, 2024 · The appeal concerned the jurisdiction of the Courts of the British Virgin Islands to grant freezing orders in support of foreign proceedings, to permit service of an application claiming only freestanding freezing relief out of the jurisdiction, and to injunct third parties to the underlying proceedings against whom no substantive claim is … my switchbladeWebFeb 14, 2024 · Convoy Collateral Ltd (Convoy) was pursuing its former director Dr Cho (a resident of Hong Kong) in Hong Kong proceedings, claiming substantial damages in connection with allegedly inappropriate investments. It applied in the BVI for a freezing injunction against Dr Cho, including permission to serve the claim on him out of the … the shops at willow bend mapWebAlthough the analysis is technically obiter dicta, it will be highly influential on any English or other common law court exercising a general power to grant injunctions on the basis of what is just and convenient: Broad Idea International v Convoy Collateral Ltd and others; Convoy Collateral Ltd v Cho Kwai Chee [2024] UKPC 24. the shops at willow bend mall mapWebBroad Idea should therefore be restrained from dealing with or disposing of its assets by a stay of execution or the grant of a new injunction so that Convoy’s proposed appeal, if successful, will not become nugatory. [37] Broad Idea objects to the stay or a fresh injunction. I agree with Broad Idea for the following reasons: the shops at willow bend restaurantsWebApr 6, 2024 · In Convoy Collateral, the majority decided that these developments illustrate the flexibility of courts with equitable power to modify existing practice to changing circumstances. Three major changes since the 1970s were emphasised: the transformation in the ease and speed with which money and other assets could be moved around the … the shops at willow bend storesWeb- Convoy Collateral Limited v Broad Idea International Limited- an application for a Black Swan freezing injunction in support of Hong Kong fraud Proceedings. Recently appealed to the Privy Council. - Enforcing an LCIA arbitration … the shops at willow bend plano