Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 04 MAY 2012

Dispute Resolution Review (4th edition) - British Virgin Islands

Appleby
Appleby
Contributor
Appleby

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile
Explore more from Appleby

The British Virgin Islands (‘BVI’) are located approximately 60 miles due east of Puerto Rico at the north-eastern corner of the Caribbean Sea.

British Virgin IslandsLitigation, Mediation & Arbitration
Author LinkedIn connections

Article by Eliot Simpson*

I INTRODUCTION TO DISPUTE RESOLUTION FRAMEWORK

The British Virgin Islands ('BVI') are located approximately 60 miles due east of Puerto Rico at the north-eastern corner of the Caribbean Sea. They have a population of around 24,000, mostly on Tortola, the largest island at 12 miles long by three miles wide; nevertheless, the territory has achieved the status as a leading financial centre. Well over 800,000 companies have been incorporated within its shores, including a significant number of mutual funds and hedge funds and captive insurance and trust companies. It is the world's second largest jurisdiction for the incorporation of hedge funds.

The BVI(or technically, the Virgin Islands) remain a British overseas territory, with the British government retaining responsibility for its foreign policy and defence. Executive authority invested in the Queen is exercised on her behalf by the Governor, currently His Excellency, Mr Boyd McCleary.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

BVI Court Prevents BVI Company From Redomiciling To Preserve Enforcement Against Its Shares

A BVI Court case examines whether a publicly traded company can be restrained from redomiciling to another jurisdiction when allegations of fraud and control by interested parties threaten to render enforcement of potential claims impossible. The proceedings reveal the complex interplay between corporate independence, jurisdictional authority, and the protection of alleged fraud victims in offshore litigation.
British Virgin IslandsLitigation, Mediation & Arbitration
Appleby
Appleby
Article

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc
BermudaInsurance
Appleby
Appleby
Article

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.
BermudaInsurance
Appleby
Appleby