Update
When will a Foreign Default Judgment be Enforced in the British Virgin Islands?
16 January 2018
A foreign judgment, including a default judgment, will be recognised and enforced in the British Virgin Islands if: the foreign court had jurisdiction over the parties; the judgment is for a debt or a fixed sum of money; and the judgment is final and conclusive. Flat Point is a reminder that, even if these requirements are satisfied, the Court may nevertheless refuse to exercise its discretion to enforce the judgment if it can be impeached on other grounds.
About Mourant
Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.