Landmark UK ruling on 'Black Swan' British Virgin Islands over freezing injunctions

Mark Battersby
clock • 2 min read

The UK Privy Council has reinstated the so-called Black Swan jurisdiction that allows litigants in the British Virgin Islands (BVI) to apply for free-standing freezing injunctions in support of foreign proceedings. A specially constituted seven-member board of the Privy Council, including both the President and Deputy President of the Supreme Court and the Master of the Rolls, gave judgment on 4 October 2021 in Broad Idea International Ltd v Convoy Collateral Ltd / Convoy Collateral Ltd v Cho Kwai Chee [2021] UKPC 24. Paul McGrath QC , leading Counsel for Convoy,  explains below in th...

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