Lending & Secured Finance 2024: British Virgin Islands

1. Overview

1.1 What are the main trends/significant developments in the lending markets in your jurisdiction?

The British Virgin Islands ("BVI") is one of the world's leading international financial centres and continues to be a jurisdiction of choice for corporate vehicles entering into secured finance transactions with approximately 370,000 active BVI Business Companies reportedly holding a combined estimated value of US$1.4 trillion in assets.

In the last 12 months, there has been an increased interest in Sharia-compliant derivatives and project finance for the green energy transition. The BVI has heavily invested in developing legal innovations and technological solutions that enable financing and other cross-border transactions to be carried out effectively during times of global disruption. The BVI continues to offer strong economic and political stability, and provides a robust legal framework based on English common law with the ultimate court of