Regulatory AlertsVirgin Islands Insolvency Act (Revised 2020)
The Government of The Virgin Islands issued this revised edition consolidating the Insolvency Act as of January 1, 2020, under the authority of the Law Revision Act 2014. The legislation establishes comprehensive legal frameworks for company creditors' arrangements, administration, receivership, and liquidation procedures. It further regulates individual bankruptcy, disqualification of directors, voidable transactions, and cross-border insolvency matters.
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