The Deemed Dismissal of Applications to Appoint Liquidators

The Eastern Caribbean Court of Appeal has confirmed the strict operation of the statutory requirement in the British Virgin Islands that an application for the appointment of a liquidator be determined within 6 months, failing which it will be deemed to have been dismissed. Applicants will therefore need to ensure that they remain vigilant to avoid such applications being dismissed as a result of any delay in their determination, including during the period following hearing and before a reserved judgment is delivered.