Regulatory AlertsInsolvency Rules (Revised 2020) of the Law of the Virgin Islands
The Legislative Assembly of the Virgin Islands issued the Insolvency Rules (Revised 2020) to establish comprehensive procedural frameworks for insolvency and bankruptcy proceedings. These rules govern court practice, creditors' meetings, administration, receivership, liquidation, and bankruptcy, while incorporating the Eastern Caribbean Supreme Court Civil Procedure Rules where applicable. The regulations define the powers of office holders, procedures for appointing supervisors and trustees, and mechanisms for creditor arrangements and disqualification orders.
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