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It’s not an issue, or is it? BVI Court of Appeal clarifies what amounts to assent to becoming a holder of onerous shares

Published 28 July 2026 | By Partner Christopher Pease, Partner John O’Driscoll, and Associate Christopher Tan

Harneys has successfully acted for the joint liquidators of Phoenix Commodities Pvt Ltd (Phoenix), Ryan Jarvis and Rachelle Frisby of Deloitte, in an important BVI Court of Appeal decision clarifying when a person has agreed in writing to become a shareholder.

Tags: Contract | Cross-border | Insolvency | Liquidation | Shareholders | Winding up