Expertise and Professional Background
Andrew Thorp heads up the BVI litigation and insolvency practice group.
For approaching a decade, Andrew has advised major international law firms, banks, investment funds and trust companies on all aspects of BVI contentious law.
He is well known for his cross-border work and has a particular interest in international asset tracing and preservation. Much of his focus is on pre-emptive remedies including freezing orders, provisional liquidator appointments and discovery orders, often against a background of fraud. He has been instructed on successful asset retrieval matters across Asia, the CIS and South America on behalf of various banks and insolvency professionals, most recently in July 2013, by a major Russian bank leading teams from Harneys’ BVI and Cyprus offices in the successful retrieval of collateral.
Since the onset of the global financial crisis, Andrew has been at the forefront of developing insolvency law in the BVI. He successfully led the legal teams in the seminal hedge fund cases of Barfield Nominees v Westford Special Situations Fund Limited and Aris Multi-Strategy Lending Fund Ltd v Quantek Opportunity Fund, Ltd that have set the BVI apart and defined the status of creditors and the ability of hedge funds to continue in the face of illiquidity. Most recently, Andrew led the successful appeal in Monarch Pointe Ltd (in liquidation) that decided the order of distribution of assets in BVI liquidations.
Andrew has recently pioneered a number of cross-border protocols between court appointed officers and has advised on restructuring and corporate rescue procedures.
Andrew is Chairman of RISA (Restructuring and Insolvency Professionals Association) in the British Virgin Islands and a member of COMBAR and the Chancery Bar Association.