Matter
Terrae Nominees Limited et al. v Paul Pretlove (Eastern Caribbean Supreme Court, Court of Appeal BVIHCMAP2024/0018)
British Virgin Islands Court of Appeal proceedings concerning the transition of six restored companies from voluntary to insolvent liquidation and the treatment of a disputed Russian-bank claim as a contingent liability.
Procedural record
- 21 October 2026British Virgin Islands
21 October 2026British Virgin Islands
Judgment of the Eastern Caribbean Supreme Court, Court of Appeal in the case BVIHCMAP2024/0018 dated 21 October 2026
Eastern Caribbean Supreme Court, Court of Appeal, Territory of the Virgin Islands
- Decision summary
- The Court of Appeal dismissed the appeal and cross-appeal, affirmed the dismissal of the directors’ applications concerning the transition of six companies into insolvent liquidation, and awarded the respondent seventy percent of his appeal costs. It held that the directors had standing to challenge the transition, but that the liquidator was entitled to treat the disputed bank claim as a contingent liability with some positive value.
Participants
Terrae Nominees Limited
- Representative
- Rabin Kok (For: Terrae Nominees Limited · I.F.B.C Director Services Limited · Bartonway Directors Limited)
- Representative
- Mark Forte (For: Terrae Nominees Limited · I.F.B.C Director Services Limited · Bartonway Directors Limited)
- Representative
- Charles Goldblatt (For: Terrae Nominees Limited · I.F.B.C Director Services Limited · Bartonway Directors Limited)
I.F.B.C Director Services Limited
- Representative
- Rabin Kok (For: Terrae Nominees Limited · I.F.B.C Director Services Limited · Bartonway Directors Limited)
- Representative
- Mark Forte (For: Terrae Nominees Limited · I.F.B.C Director Services Limited · Bartonway Directors Limited)
- Representative
- Charles Goldblatt (For: Terrae Nominees Limited · I.F.B.C Director Services Limited · Bartonway Directors Limited)
Bartonway Directors Limited
- Representative
- Rabin Kok (For: Terrae Nominees Limited · I.F.B.C Director Services Limited · Bartonway Directors Limited)
- Representative
- Mark Forte (For: Terrae Nominees Limited · I.F.B.C Director Services Limited · Bartonway Directors Limited)
- Representative
- Charles Goldblatt (For: Terrae Nominees Limited · I.F.B.C Director Services Limited · Bartonway Directors Limited)
Paul Pretlove
- Representative
- Mark Goodman (For: Paul Pretlove)
- Representative
- Jomokie Phillips (For: Paul Pretlove)
Eastern Caribbean Supreme Court, Court of Appeal, Territory of the Virgin Islands
- Judge
- Vicki Ann Ellis
- Judge
- Cadie St. Rose-Albertini
- Judge
- Ingrid Mangatal
Other
- Insolvency office holder
- Paul Pretlove