Walkers Triumphs In Privy Council "Black Swan" Appeal

• Published date: 05 October 2021
• Law Firm: Walkers
• Author: Mr Murray Laing, Rosalind Nicholson, Renell Benjamin and Eleanor Browne

Convoy Collateral Ltd v Broad Idea and Cho Kwai Chee [2021] UKPC 24

The Privy Council has today handed down its judgment in Convoy Collateral Ltd v Broad Idea International Limited and Cho Kwai Chee, the so-called "Black Swan" Appeal and a related appeal, dismissing both appeals from the Eastern Caribbean Court of Appeal.

The appeals, which were heard by a seven-member Board in February of this year, concerned two principle issues: (i) the "Service Out" issue: whether the BVI Court has jurisdiction to permit service out of the jurisdiction under r 7.3(2)(b) of the Civil Procedure Rules of the Eastern Caribbean Supreme Court ("CPR") of an application claiming only freestanding freezing relief; and (ii) the "Power" issue: whether the BVI...