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ARTICLE · 06 FEBRUARY 2017

Sell-Side Risk In The BVI

Harneys
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In an era of increasing complexity in regulation globally, the BVI has carefully built a simple and clear regulatory framework that minimises the legal risk for lenders and financial markets participants dealing with BVI companies.

British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
Russell Willings
Russell Willings
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In an era of increasing complexity in regulation globally, the BVI has carefully built a simple and clear regulatory framework that minimises the legal risk for lenders and financial markets participants dealing with BVI companies.

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The BVI's regulatory framework is structured to make the legal risk of lending or selling financial assets to a BVI entity lower than almost any other jurisdiction.

The jurisdiction's primary laws, the BVI Business Companies Act, the Insolvency Act and the Securities and Investment Business Act, are stable pieces of legislation (albeit undergoing regular refinement), which, from their roots generally in English laws, have been optimised for the creditor-driven needs of the BVI and are used as models in the offshore world. The Insolvency Act provides a codified creditor-driven insolvency regime with no moratorium on the enforcement of security.

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