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Articles contributed by O'Neal Webster - Barristers & Solicitors
View the listing for O'Neal Webster - Barristers & Solicitors
CONTINUATION OF A FOREIGN COMPANY INTO THE BVI
Companies often consider “what if” they could transfer to another jurisdiction based on what is currently happening in their current jurisdiction or simply to take advantage of developments within another jurisdiction.
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.the hands of the directors in charge.
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:
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.
BVI companies – ready again for listings in an improving market
Although we are still in a recessionary state, there is no doubt that the global markets have picked up somewhat over the last year or so. Companies are again looking to raise capital via initial public offerings and BVI companies as usual are in the mix. BVI companies are listed on major stock exchanges around the world including the New York Stock Exchange, Nasdaq, the Frankfurt Stock Exchange, the Main Board of the London Stock Exchange, the AIM market of the London Stock Exchange, the Toronto Stock Exchange and the Singapore Stock Exchange. BVI companies may also now be listed on the Hong Kong Stock Exchange.
BVI Companies and their Joint Venture Advantage
British Virgin Islands (“BVI”) companies are well known for their flexibility and ease of use in international transactions. With an ever changing global economy, partnerships and joint venture arrangements between parties in different countries, continents and time zones have become the norm. In these situations, it is always important that the joint venture company used to carry out the joint venture project is able to be tailored to suit the needs and protect the interests of all the parties involved.