BVI holds firm on jurisdiction for claims under the BCA

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In the recent decision of the BVI Commercial Court in Transcience Investments Limited v Greentown Holdings (BVI) Inc, the Court dismissed a jurisdiction challenge and related stay application by the Third Defendant, confirming that minority shareholder remedies under the BVI Business Companies Act, Revised Edition 2020 are to be tried in the BVI, while also clarifying how the ECSC CPR 2023 transitional provisions operate.