Click here -> onealwebster.asianinvestor.dec12 to read Kerry Anderson's co-published chapter featured in Asian Investor (December 2012) entitled 'Fast
and Simple in the BVI - The British Virgin Islands have responded to
regulatory changes by making fund and manager domiciling painless and
Fund investors and the fund industry globally should take note of the recent decision of the Eastern Caribbean Supreme Court Appellate Division’s (the “Court of Appeal”) in Madoff related litigation. Essentially, the Court of Appeal found that monies could not be recovered from former investors by the liquidators of Fairfield Sentry Limited (“Fairfield”) a BVI investment fund and investor in Bernard L Madoff Investments Securities limited (“BLMIS”), where those investors had redeemed their shares for significant value before BLMIS collapsed.
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.
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.
The much anticipated Trade Marks Bill (“the Bill”) was recently circulated to the industry for comments. The Bill, which when enacted will be known as the Trade Marks Act, 2012, promises to introduce much needed change to the trademark industry in the British Virgin Islands and place the jurisdiction in line with other modern jurisdictions.
In today’s financial environment, investor capital for a
start-up fund can be hard to come by. Kerry Anderson,
Partner of a leading offshore law firm in the British Virgin
Islands explains both the initial and long term benefits to
setting up your fund in the BVI
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.
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.