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The Eastern Caribbean Court of Appeal (“ECCA”) has held that there is no need for a creditor with the benefit of a foreign arbitration award to register or obtain permission to enforce the award within the BVI before proceeding by way of statutory demand.
The case concerned a monetary award made in an arbitration before the London Court of International Arbitration. The creditor served a Statutory Demand on the Debtor, a BVI company, in the BVI.
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Foreign Arbitration Award Sufficient Basis for a BVI Statutory Demand