TORTOLA, British Virgin Islands, Dec. 10, 2020 /PRNewswire-HISPANIC PR WIRE/ – Carson Wen, Chairman of Sancus Group (”Sancus”), today provides a further update on the ongoing employment dispute with a former employee of Financial Holdings (BVI) Limited (”FHL”), a Special Purpose Vehicle (”SPV”) that was established by Sancus in 2015.

Mr. Wen obtained Final Leave from Eastern Caribbean Court of Appeal on 16 September 2020 to appeal to the Judicial Committee of the Privy Council (often referred to as the Privy Council) in the United Kingdom on the dispute with Chad C. Holm regarding a shareholding matter.

Mr. Wen has already filed the Notice of Appeal with the Privy Council, the final court of appeal for the British Virgin Islands and other Eastern Caribbean jurisdictions on 10 November 2020.

Meanwhile, in October 2016 FHL filed proceedings against Chad Holm and two co-Defendants for breach of contract, breach of trust and breach of fiduciary duties in the Hong Kong High Court. These legal proceedings are continuing. Mr. Wen was the CEO of Financial Holdings (BVI) Limited, which employed Chad Holm as Deputy CEO in October 2015.

Previous Statement from Mr. Wen on above dispute can be found at: Update from Carson Wen Ka-Shuen on Employment Dispute with Chad C. Holm.

Notes to editors

Carson Wen is the Founder of Bank of Asia (BVI) Limited and BOA Financial Group Limited. He is also the Chairman of the Sancus Group of companies, which has investments in policy driven sectors such as new energy, logistics, finance and technology. He has practiced law for over 30 years at his own Hong Kong partnership and subsequently at leading global law firms. Mr. Wen has been named as a leading adviser on Chinese law, mergers & acquisitions and capital markets work in Who’s Who of the Law, Asia Pacific Legal 500, AsiaLaw Leading Lawyers, Chambers Asia and China’s Top 200. He is also named in the International Who’s Who and Who’s Who of the World.

Mr. Wen is a Justice of the Peace of Hong Kong and held various public service appointments in Mainland China and Hong Kong.

Mr. Wen is a member of the Executive Committee of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) Sustainable Business Network (ESBN) and former Chairman of its Task Force on Green Business. He is also a Director of the Pacific Basin Economic Council. He is also, inter alia, a Founding Director of the China M&A Association.

Mr. Wen was awarded the Bronze Bauhinia Star (BBS) by the Hong Kong Special Administrative Region Government for his contribution to economic ties between Hong Kong, Mainland China and the rest of the world.

Mr. Wen obtained his B.A. from Columbia University, where he majored in economics, and B.A. and M.A. from Balliol College, Oxford University, where he studied law and was Younger Prizeman in Law for 1976.

Sancus Group

Sancus Group, a private investment vehicle based in Hong Kong, was established in 2007. It has diverse business interests including new energy, logistics, finance and technology. The firm works closely with entrepreneurs, venture capitalists, private equity and other professional bodies to grasp global business opportunities. Leveraging its strong relationships in China and across the Asia Pacific, the firm see its role as catering to the needs of the developing world through focusing on necessities such as new energy, financial services and food.

Sancus Group is an indirect shareholder in Bank of Asia via Sancus Financial Holdings Limited. Bank of Asia (www.bankasia.com) is a fully digitalised global bank headquartered in the BVI. ]]> https://caribpr.com/carson-wen-appealed-to-privy-council-in-uk-on-employment-dispute-with-chad-c-holm/feed/ 0 https://caribpr.com/hsi-and-h3-foundation-launch-animal-rescue-relief-initiative-for-british-virgin-islands-in-aftermath-of-hurricane-irma/ https://caribpr.com/hsi-and-h3-foundation-launch-animal-rescue-relief-initiative-for-british-virgin-islands-in-aftermath-of-hurricane-irma/#comments Fri, 15 Sep 2017 13:54:34 +0000 caribpr http://caribpr.com/?p=13274 Animal rescue efforts in BVI intensify as HSI and H/3 Foundation deploy veterinary team

STAMFORD, Conn., Sept. 15, 2017 /PRNewswire-HISPANIC PR WIRE/ — Global animal charities Humane Society International and H/3 Foundation Inc. have launched an animal rescue and relief initiative in the British Virgin Islands, following the devastating impact of Hurricane Irma. The initial members of an emergency veterinary team have already arrived on the island of Tortola. Additional HSI veterinarians and technicians, as well as H/3 Foundation volunteers, are scheduled to arrive over the next several days, bringing crucial supplies including food, carriers, hay for farm animals and equipment to support the rescue efforts.

The organisations will also evacuate lost and displaced dogs and cats, and work to reunite families separated from their pets. HSI and H/3 Foundation are working to secure airlift and logistics to bring lost and stray animals from the BVI to shelters in the United States, while setting up local BVI veterinary clinics to provide emergency care and treatment for animal victims. Because many people in BVI, like caring individuals everywhere, find it extremely difficult to evacuate without their beloved pets, HSI and H/3 Foundation will work to immediately facilitate the travel certifications required for such animals.

Spencer B. Haber, H/3 Foundation’s founder and chairman, commented, “The BVI has always been a special community of generous and resourceful people, with a deep connection to the magical place they call home – and with the animals who share that home. Since I first visited many decades ago, the BVI and its people have favoured us with their friendship, hospitality and grace. So it is now our honour to be able to give something back – both in addressing an urgent, immediate need, but also as the first step in working together as a community to rebuild an even better BVI in the coming years. Having come to know the BVI spirit over the last 30+ years, I am confident that this community will emerge from this tragic period even stronger than it was before.”

“The devastation seen in these islands is heart-breaking,” said Adam Parascandola, director of animal protection and crisis response at HSI. ”With almost all buildings badly damaged or gone, we know Hurricane Irma has affected many animals, including pets and farm animals, as well as the human population of the BVI. Following disasters, we typically find lost and bewildered animals, suffering from injuries, hunger, and dehydration/shock, and in need of immediate care. Our emergency responders and veterinary specialists have already started to evaluate the animal-related needs and challenges on the ground and will help to evacuate pets as needed.”

About HSI:

Humane Society International and its partner organisations together constitute one of the world’s largest animal protection organisations. For more than 25 years, HSI has been working for the protection of all animals through the use of science, advocacy, education and hands on programs.  Celebrating animals and confronting cruelty worldwide – on the Web at hsi.org. HSI has considerable experience in global disaster response. For example, HSI animal rescue and veterinary teams responded to the 2015 earthquake in Nepal; the 2015 floods in Chennai, India; the 2016 earthquake in Ecuador; Hurricane Matthew in Haiti in 2016, as well as the 2010 earthquake in Haiti.  Humane Society International is approved by the Better Business Bureau for all 20 standards for charity accountability. Our American affiliate, The Humane Society of the United States, was voted by Guidestar’s Philanthropedia experts as the #1 high-impact animal protection group and named by Worth Magazine as one of the 10 most fiscally responsible charities in the USA.

To support Humane Society International, please make a monthly donation, or give in another way. And see our 25 ways you can help animals. Your donation enables our Animal Rescue Team to respond at a moment’s notice, and to provide urgent and necessary care to animals in this and other disasters. Thank you for your generous support to Humane Society International.

About H/3 Foundation:

Founded by Spencer B. Haber in 2014, the H/3 Foundation Inc. is a 501(c)(3) non-profit organisation dedicated to creating game-changing progress on animal welfare and associated issues globally. To that end, H/3’s primary focus is on creating and funding media projects, including the production and co-production of feature-length and short documentary films that directly impact the way people relate to animals and the environment. H/3’s other important initiatives include funding and developing humane education curricula, a myriad of direct action projects and support for animal rescue and first-responder organizations.

 McKinsey, which had invested in a feeder fund to Westford Special Situations Master Fund, L.P., attempted to liquidate Westford after the fund suspended redemptions — even though Westford had made partial payments to McKinsey. 

 In denying McKinsey’s motion, the Court upheld Westford’s argument that, as a redemption creditor, McKinsey did not have the legal standing to force the appointment of a liquidator.

 The Westford Special Situations Fund Ltd. and Westford Special Situations Master Fund L.P. are part of the Westford-Epsilon family of funds managed by Steve G. Stevanovich.