ARTICLE · 24 JULY 2009

Corporate Restructuring Involving BVI Companies

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Over the last five years, the British Virgin Islands (BVI) has introduced new provisions that will be of particular interest to corporate groups worldwide that contain one or more of the hundreds of thousands of BVI companies in existence.

British Virgin IslandsWealth Management

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Over the last five years, the British Virgin Islands (BVI) has introduced new provisions that will be of particular interest to corporate groups worldwide that contain one or more of the hundreds of thousands of BVI companies in existence.

The BVI Business Companies Act 2004 ("BCA") and Insolvency Act 2003 ("IA") have strengthened the restructuring laws of the BVI by introducing new provisions in relation to schemes of arrangement and creditors' voluntary arrangements, as well as significantly improving existing legislation relating to mergers, squeeze-outs and capital restructurings.

This article will provide some restructuring options to consider and their potential benefits.

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