BVI court finds share transfer to avoid US sanctions is not unjustified dissipation

In the context a counterclaim by Emmerson International & others against Renova Industries (RHL) & others relating to a joint venture, the Eastern Caribbean Supreme Court sitting in the BVI considered whether a transfer of shares owned by US designated Renova Group was an unjustifiable dissipation of assets providing grounds for a freezing order. In its judgment in Renova Industries...