In a Section 187 removal application under the BVI Insolvency Act, the BVI Commercial Court ordered the removal of joint liquidators who took an adversarial stance against a major creditor, delayed holding statutory creditors' meetings, and failed to manage perceived conflicts of interest.
- Core Principle: Liquidators must maintain strict neutrality in removal applications and cannot lobby select creditors; loss of creditor confidence coupled with procedural delays justifies judicial intervention.
- Source: Access Bedell Cristin's BVI Commercial Court Removal Briefing.
BVI: Commercial Court Removes Liquidators for Failure of Neutrality