I created a virtual disk file VM_1_Ubuntu.vdi. Then I moved it into another folder. I tried to update VM settings (right click on virtual machine -> settings -> Storage -> Controller SATA tab, VM_1_Ubuntu.vdi path). I wanted to set a new path.
It says
Cannot register the hard disk already exists
Best Answer
I found a solution
File -> Virtual Media Manager -> Removed existing images (note, I removed them only from the registry).
I followed these steps.
http://www.webdesignblog.asia/software/virtualbox-moving-vdi-file-re-linking-guest/#sthash.1QOHeiw5.dpbs
After that I could update the path in the VM settings.