3VB’s Hefin Rees QC succeeds in the BVI Commercial Court

Hefin Rees QC has succeeded in the BVI Commercial Court in obtaining a Worldwide Freezing Injunction which includes freezing 22% of the founding shares in the Bank of Asia in aid of a liability judgment obtained following a six-day trial. The BVI injunction also freezes real estate in Hong Kong.

The Bank of Asia is the first new start-up bank in the BVI to be licensed in the last 25 years and is aimed at acquiring customers mainly from the PRC, Hong Kong, and Singapore.

Hefin was instructed by Walkers (by both Hong Kong and BVI teams).