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Improvements to the BVI Business Companies Act 2004

October 2012 - Corporate & Commercial. Legal Developments by Mourant Ozannes.

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The BVI Business Companies (Amendment) Act, 2012 (the Amendment Act) and the BVI Business Company Regulations, 2012 (the Regulations) came into force on 15 October 2012. The new legislation is designed to refine and upgrade the BVI Business Companies Act, 2004 (the Act) to ensure the British Virgin Islands (BVI) maintains its position as one of the leading corporate domiciles.

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Mourant Ozannes is an offshore law firm.
It is the pre-eminent legal practice in the Channel Islands with unrivalled strength-in-depth and industry knowledge in Jersey and Guernsey. It also has a leading practice in the Cayman Islands where it has received a number of industry awards.

Mourant Ozannes' clients include many of the world's leading financial institutions, public companies, corporations, fund promoters and private clients. It is chosen regularly to work alongside the most respected international law firms with whom the firm enjoys deep and long-lasting relationships.

Mourant Ozannes recruits people who understand the paramount importance of exceptional client service and who share a passionate commitment to the firm's values. Many of the firm's lawyers have practised with leading law firms in London and other major finance centres bringing with them a wealth of knowledge and experience in their respective fields.

Mourant Ozannes has more top tier legal directory rankings than any other offshore law firm (as at Jan 2011 in Chambers & Partners, IFLR1000, Legal 500 and PLC Which Lawyer).

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