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【Offshore Companies】BRITISH VIRGIN ISLANDS: Bearer shares cannot be disabled without compensation

The BVI court of appeal has held that owners of bearer shares have a constitutional right not to be deprived of their property through disablement without receiving compensation. Overturning the first instance court in the cases of Wembley Ltd and Sutton Ltd, the appellate court decided it has jurisdiction to appoint receivers to redeem disabled shares even where the companies are still without functionaries...

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