1 Relevant Authorities and Legislation
1.1 What regulates M&A?
M&A activity involving a British Virgin Islands company is
principally regulated under Part IX of the BVI Business Companies
Act, 2004 (as amended, the "Act").
The key sections of the Act contain rules relating to:
- mergers and consolidations (whether
between BVI companies or between BVI companies and foreign
companies);
- "squeeze-out" of minority
shareholders;
- plans of arrangement and schemes of
arrangement; and
- rights of dissenting
shareholders.
1.2 Are there different rules for different types of
company?
The Act generally applies to all BVI companies involved in
M&A activity, whether private or public.
