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ARTICLE · 28 MARCH 2011

Shareholders’ Rights And Remedies In The BVI

Withers LLP
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The British Virgin Islands (‘BVI') is the leading offshore jurisdiction for incorporating companies.

British Virgin IslandsWealth Management
John Greenwood
John Greenwood
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The British Virgin Islands ('BVI') is the leading offshore jurisdiction for incorporating companies. The BVI Business Companies Act, 2004 (as amended) (the 'Act') is the statute which governs the incorporation and management and operation of over 700,000 companies ('BCAs') It deals with the relationships between the companies, its directors and members. This article will firstly examine the changes in company law brought about by the introduction of the Act, especially the positive effect it has had on minority shareholders' rights and the way these rights can be exercised to combat fraud. The second part will address other methods of protecting against fraud in the BVI, including using liquidators' powers to do so.

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