The Legal 500

British Virgin Islands

Legal market overview

The British Virgin Islands (BVI) recently experienced strong activity levels from well-established investment fund managers and the jurisdiction also saw a growing provision of financing to private equity funds, which resulted in a larger number of private equity fund launches. Meanwhile, in M&A, there was increased use in the BVI of court-approved schemes of arrangement, frequently for tax or regulatory reasons.

Significant legal market developments included Ogier's management buy-out of Ogier Fiduciary Services, further to which former dispute resolution head Michael Fay QC left to establish his own firm. Meanwhile, Ogier expanded its contentious practice in Asia, relocating BVI and Asia litigation head Ray Ng to Hong Kong from the BVI in July 2014.

In April 2014, Harney Westwood & Riegels expanded its global footprint with the opening of its seventh office, in Singapore, relocating banking and finance practice group head Colin Riegels from Hong Kong as the managing partner of the new office. Also of note, Cayman Islands-based law firm Campbells established an independent office in June 2013 in the BVI.

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  • Aligning Our Interests – Regional Mobility In The Context Of Tourism

    At the recently held Summit 100 Business Forum in Sarajevo, many topics of contemporary relevance for the region of Southeast Europe were expectedly touched upon. Be it the supply of sustainable energy, the position of women in business, or the issues related to infrastructure & transport conditions, it was an opportunity for a number of prominent experts and government officials to weigh in with their opinions on how to improve the overall business situation in our region. However, one of the greatest impressions from the conference have been the discussions on the mobility of goods and people within our region, as well as the respective implications. Having in mind the beginning of summer being just a few days away, perhaps the most illustrative example in this regard can be the tourism industry and the ways in which it has been – or potentially can be – affected by such regulatory frameworks of SEE countries.
  • EBRD Activity In Serbia

    According to recent reports, the European Bank for Reconstruction and Development (EBRD) has plans of investing more than EUR 3 billion in the Western Balkans region, of which approximately EUR 300 million is assigned to Serbia.
  • Slovenian Competition Agency Adopts A Commitment Decision In The Hyundai Case

    On 12 March 2015, the Slovenian Competition Protection Agency (" HAT "), the national distributor of Hyundai vehicles, together with a network of authorised repair shops for Hyundai motor vehicles.
  • Bosnian Diaspora Looks To Invest Back Home

    According to recent media reports, the Bosnian Central Bank (BCC) has presented information regarding the scope of investments made by the country's diaspora.  More precisely, it has been reported that more than EUR 1.5 billion of investments are being made by the Bosnian diaspora each year through remittances and formal channels – meaning that the exact figure is even larger when accounting for other, informally made investments which have been proven to exist. If to some these figures seem somewhat overblown, it should be noted that there are around 2 million registered citizens of BiH around the world, ranking the country 1 th in the world when looking at the share of immigrants in relation to the population, at the same time further showcasing the importance of diaspora's involvement in investment practices. 
  • Ikea Invests In A Designer Outlet Complex In Croatia

    ​Recent news reports show that IKEA, the world famous Swedish multinational retailer, is getting ready to invest EUR 88 million in the construction of a Designer Outlet complex in Croatia.
  • Karanović & Nikolić Attends TMA Europe Conference In Rome

    ​Turnaround Management Association (TMA) Europe held its ninth annual conference in Rome on 9 and 10 June. Partner at Karanović & Nikolić, Maja Jovančević Šetka , attended the conference as a board member of TMA Serbia.
  • NSTLAW takes part in the Briefing Session on Foreign Corrupt Practices Act

    American Chamber of Commerce in Serbia has scheduled a Briefing Session on Foreign Corrupt Practices Act on Tuesday, June 21 at 15:00 at AmCham premises in Smiljaniceva 24, Belgrade.
  • GRP Rainer: Assessing intention to prepare a will

    A prerequisite for an effective will is a serious intention on the part of the testator to prepare one. Assessing any intention to draft a will can prove to be critical.
  • EGC: Winnetou to retain trademark protection for time being

    On March 18, 2016, the General Court of the European Union ruled that the well-known novel character Winnetou shall continue to enjoy trademark protection (Az.: T-501/13).
  • Maria Borzova gives expert opinion on pharmaceutical market situation on PharmVestnik-TV

    Manager of VEGAS LEX Life sciences projects Maria Borzova has discussed current pharmaceutical market issues in the 7 days in 7 minutes program on the PharmVestnik-TV channel.