Britische jungferninseln
On January 9, 2026, the British Virgin Islands (BVI) High Court appointed joint provisional liquidators over 28 entities associated with The Prince Group. This action follows international investigations and sanctions imposed by the UK and US authorities.
The Prince Group has been under scrutiny for alleged financial misconduct, leading to sanctions by both the United Kingdom and the United States. The BVI authorities, in collaboration with international partners, have been actively involved in investigating these allegations and ensuring compliance with international financial regulations.
On January 9, 2026, the BVI High Court, presided over by Honourable Justice Abbas Mithani, granted ex parte orders for the appointment of Paul Pretlove, James Drury, and David Standish from the international advisory firm Interpath as joint provisional liquidators over 28 Prince Group entities registered in the BVI. This decision was based on the entities' connections to recent UK and US sanctions designations, as well as a verified complaint filed by the United States on October 14, 2025.
The appointment of liquidators signifies a significant step in addressing the alleged financial irregularities associated with The Prince Group. It reflects the BVI's commitment to upholding international financial standards and cooperating with global partners to combat financial crimes. Stakeholders, including creditors and investors, are advised to stay informed about the liquidation process and any potential impacts on their interests.
For more detailed information, please refer to the official press release from the Government of the Virgin Islands.
