Regulatory Alerts2020-07-16
Insolvency Practitioners (Amendment) Regulations, 2020
The Cabinet of the Virgin Islands issued these regulations under the Insolvency Act to amend the Insolvency Practitioners Regulations, 2004. The amendment introduces a new Regulation 5A requiring a non-refundable fee of five hundred dollars to accompany notices of proposed appointments for overseas insolvency practitioners. These regulations were gazetted on July 16, 2020, and came into force on August 1, 2020.
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