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Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Renowned BVI corporate legislation enhanced

The British Virgin Islands ("BVI") is the world's leading offshore corporate domicile and is known for continuously refining its laws to accord with, and improve upon international standards whilst promoting a business oriented framework.

Why incorporate in the british virgin islands?

WHERE IS THE BRITISH VIRGIN ISLANDS The British Virgin Islands (“BVI”) is a British overseas territory situated to the east of Puerto Rico between the Caribbean Sea and the North Atlantic Ocean. The country consists of the main islands of Tortola, Virgin Gorda, Anegada, and Jost Van Dyke and over fifty other smaller islands and cays clustered around the aquamarine waters of the Sir Francis Drake Channel.

Corporate Reconstructions in the British Virgin Islands

June 2012 - Corporate & Commercial. Legal Developments by Ogier .

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The current economic climate has forced many companies to consider their future and, for those able to survive, there has been significant impetus in cost saving and rationalising structures where possible. However, it is not only in the downturn that companies look to restructure. This process can also have a positive spin, especially where a company is seeking to structure acquisitions or expand into new areas of operation.

Off Shore Companies British Virgin Islands

Offshore companies have long been a popular option for businesses. However, the recent global financial crisis has led to several legislative attempts recently by governments globally, aiming to limit the benefits that are available to companies looking to take advantage of attractive features, such as favourable tax conditions, that such companies offer.

VISTA trusts

Different style - Vanessa King looks at VISTA trusts eight years on

It was the start of a new era for the British Virgin Islands (BVI) when the Virgin Islands Special Trust Act 2003 (VISTA) was enforced on 1 March 2004. The vision for VISTA came from the BVI trust industry and the need for BVI trust practitioners to meet the changing needs of their clients.

BVI Companies and their Advantage in Corporate Structures

Over 800,000 companies have been incorporated in the British Virgin Islands (“BVI”) since 1984, and whilst many of those companies are purely used as holding vehicles for assets, increasing cross border investments has played a significant role in the increased use of BVI companies globally. Some of the key advantages of BVI companies include:

Sales and Acquisitions of BVI Business Companies

February 2011 - Corporate & Commercial. Legal Developments by Ogier .

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With the increasing popularity of British Virgin Islands (“BVI”) companies as a business entity worldwide, it is inevitable that these companies will become the subject matter of substantial sales and acquisitions. The briefing seeks to identify some of the structuring options for such a transaction, and the preparatory steps and other issues that may be of relevance.

Managing BVI Companies

February 2011 - Corporate & Commercial. Legal Developments by Ogier .

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British Virgin Island (“BVI”) companies are owned by their shareholders. The directors act as the shareholders’ agents in being responsible for the day to day running of the company and and having the powers necessary to undertake this role.

British Virgin Islands: Directors Duties

February 2011 - Corporate & Commercial. Legal Developments by Ogier .

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The BVI Business Companies Act 2004 (the “BCA”) contains a specific section on directors’ duties that essentially codifies the common law. Directors, shareholders and third parties dealing with companies should be aware of these duties.

British Virgin Islands: Company Incorporation and Partnership Formation

February 2011 - Corporate & Commercial. Legal Developments by Ogier .

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Companies are incorporated in the British Virgin Islands (“BVI”) under the BVI Business Companies Act, 2004 (the “Act”) by the filing of Memorandum and Articles of Association with the Registrar of Corporate Affairs. This filing is made by the first registered agent of the Company (the “Registered Agent”) which each BVI company must have and must be located in the BVI.

BVI Public Funds Code 2010

January 2011 - Corporate & Commercial. Legal Developments by Ogier .

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The FSC releases the Public Funds Code to supplement SIBA and the Mutual Funds Regulations.

DIRECTORS DUTIES – A BVI PERSPECTIVE

Directors of British Virgin Islands (“BVI”) companies have certain fiduciary duties which arise both at common law and under statute. These fiduciary duties ultimately seek to protect companies and their shareholders whose destiny lie primarily in the hands of the directors in charge.

Interview with...

Law firm partners and practice heads explain how their firms are adapting to clients' changing needs