Appointment of Joint Liquidators - Crescent Corporate Services Limited (2016-02-22)

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing that it applied to the BVI Court to have joint liquidators appointed over Crescent Corporate Services Limited. It records a completed regulatory action rather than imposing any ongoing rule or requirement on the wider industry.

• Legal basis: Action taken under section 37(2)(ea) of the Financial Services Commission Act, 2001 and sections 159(1)(a) and 162(1) of the Insolvency Act, 2003.
• Outcome: Nilani Perera of Borrelli Walsh (BVI) Limited and Margot MacInnis of Borrelli Walsh (Cayman) Limited were appointed as joint liquidators of Crescent Corporate Services Limited on 22 February 2016.
• Reference: Matter ID BF101113/280.

The notice is informational and specific to this one entity; it does not create continuing obligations for other regulated persons or firms, though it signals the Commission's willingness to use its statutory insolvency powers against non compliant service providers.

Applies to

Trust and Corporate Services Providers