A client has obtained a judgment or arbitral award, the judgment debt remains unpaid, and the assets of the judgment debtor appear to be located in an offshore jurisdiction such as the Cayman Islands or the BVI. The client has little or no information about the assets available for enforcement of the judgment debt. Is this the end of the road for the client?
The simple answer is no. Whilst most practitioners will be aware that it is relatively straightforward to enforce foreign judgments and arbitral awards in many common law jurisdictions, they may not be aware of the numerous options available to judgment creditors and of the willingness of the courts in the Cayman Islands and the BVI to assist with the recovery of judgment debts.
What options are available if the judgment creditor has little or no information about the judgment debtor's assets?
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Published in Offshore Investment, November 2016
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
