Arbitral Digest

Matter

TAX v FDQ (Eastern Caribbean Supreme Court, Court of Appeal BVIHCMAP2024/0029)

Seat
British Virgin Islands
  1. 21 February 2023British Virgin Islands

    21 February 2023British Virgin Islands

    Final Award in the First Arbitration Proceedings

    Decision summary
    The tribunal rendered the Final Award in TAX's favour.

    Supporting details

    3 participants
    TAX
    FDQ
    Institution
    Arbitrator
    Dancia Penn KC

    1 year, 4 months and 4 days later · 490 days

  2. 25 June 2024British Virgin Islands

    25 June 2024British Virgin Islands

    Judgment of the High Court of the Virgin Islands dated 25 June 2024

    High Court of the Virgin Islands

    Decision summary
    The High Court set aside the Final Award rendered in the First Arbitration Proceedings in its entirety after finding that FDQ's complaints of serious irregularity and errors of law justified that relief.

    Supporting details

    3 participants
    TAX
    FDQ
    High Court of the Virgin Islands

    1 year, 3 months and 7 days later · 464 days

  3. 2 October 2025British Virgin Islands

    2 October 2025British Virgin Islands

    Decision of the Eastern Caribbean Supreme Court, Court of Appeal (Territory of the Virgin Islands) in the case BVIHCMAP2024/0029 dated 2 October 2025

    Eastern Caribbean Supreme Court, Court of Appeal (Territory of the Virgin Islands)

    Decision summary
    The Court granted TAX an interim injunction restraining FDQ from continuing or prosecuting the Second Arbitration Proceedings while the appeals concerning the First Arbitration Proceedings remained pending. It declined to decide whether a single judge had jurisdiction to grant the injunction because that issue was academic, and awarded TAX its costs to be assessed if not agreed.

    Supporting details

    12 authorities · 11 participants
    TAX
    Representative
    Allan Wood KC (For: TAX)
    Representative
    Lesley-Ann Stewart (For: TAX)
    Representative
    Kerri-Anne Mayne (For: TAX)
    FDQ
    Representative
    Paul Chaisty KC (For: FDQ)
    Representative
    Mark Forte (For: FDQ)
    Representative
    Jane Fedotova (For: FDQ)
    Eastern Caribbean Supreme Court, Court of Appeal (Territory of the Virgin Islands)

    Authorities cited

    12
    • British Virgin Islands Arbitration Act 2013 (Arbitration Act 2013 (Act No. 13 of 2013))
      statute
    • Eastern Caribbean Supreme Court (Virgin Islands) Act, Cap. 80 of the Revised Laws of the Virgin Islands, 2014
      statute
    • Civil Procedure Rules (Revised Edition 2023)
      rules
    • Injazat Technology Capital Limited v Dr Hamid Najafi ([2012] EWHC 4171 (Comm))
      case
    • Minister of Finance (Inc) and another v International Petroleum Investment Co and another ([2019] EWCA Civ 2080)
      case
    • Novartis AG v Hospira UK Ltd ([2014] 1 WLR 1264)
      case
    • Sonera Holding B.V. v Cukurova Holding A.S. (BVIHCMAP2015/0005 (23 June 2016))
      case
    • Naviera Amazonica Peruana SA v Compania Internacional De Seguros Del Peru ([1988] 1 Lloyd's Rep 116)
      case
    • C v D ([2008] Bus LR 843)
      case
    • Elektrim SA v Vivendi Universal SA (No 2) ([2007] 2 Lloyd's Rep 8)
      case
    • Turner v Grovit ([2002] 1 WLR 107)
      case
    • Société Nationale Industrielle Aérospatiale v Lee Kui Jak ([1987] AC 871)
      case

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TAX v FDQ (Eastern Caribbean Supreme Court, Court of Appeal BVIHCMAP2024/0029) · Matter