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On 18 February 2020, the Economic and Financial Affairs Council announced that the British Virgin Islands (BVI) has moved to the ...

On 1 April 2015 the British Virgin Islands (BVI), Cayman Islands and 19 other jurisdictions were removed from Italy's blacklist of jurisdictions.

The British Virgin Islands Financial Services Commission (BVI FSC) has signed a multilateral Memorandum of Understanding (MoU) between members of the Group of International Financial Centre Supervisors.

The Organisation for Economic Co-operation and Development recently published a report in which the Cayman Islands was commended for the "streamlined, efficient and responsive procedures it has is in place to facilitate the exchange of information for tax purposes".

The art finance market has seen an unprecedented boom in recent years, buoyed by changing perspectives amongst wealth management players and art collectors.

"This is a victory not only for the BVIEC, but for the Territory as a whole," notes Mr. Dennis.

The Court of Appeal of the Eastern Caribbean Supreme Court handed down an important ruling on the question of where investors stand in the "waterfall" of distributions in the liquidation of investment funds under British Virgin Islands law.

A significant number of EU sanctions and restrictive measures on Iran related to its nuclear programme were lifted across the EU and other states following Implementation Day of the JCPOA on 16 January 2016.

On 30 March 2015, the Trustee (Amendment) Act, 2015 (the "Amendment") came into force in the British Virgin Islands ("BVI"). This follows similar amendments in respect of partnerships and companies.

As of 1 December 2015, the Registry of Corporate Affairs in the British Virgin Islands is offering an option for Premium Services which will guarantee a four hour turnaround for certain transactions submitted to the Registry.

The BVI Financial Services Commission issued the announcement on 1 July 2014 regarding new security features for Registry of Corporate Affairs certificates.

British Virgin Islands companies are generally free to dispose of their assets on such terms as the directors think fit, but where the assets being disposed of constitute 50% or more of the company’s total assets, then section 175 of the BVI Business Companies Act, 2004 requires that all shareholders (even shareholders holding non-voting shares) must be formally notified of the proposed disposal, and that the disposal must then be approved by a resolution of the shareholders.

The British Virgin Islands (BVI) is enhancing its anti-money laundering regime, bringing it in line with international standards on transparency.

On 29 January 2016, the BVI Business Companies (Amendment) Act, 2016 (the "2016 Amendment Act"), was passed into law, retroactive to 15 January 2016.

This week the BVI Court issued important guidance as to how shares should be valued following a squeeze-out, merger or dissent from other restructuring provisions.

Unfair prejudice claims are commonplace in the British Virgin Islands (BVI) following the introduction of bespoke provisions in the BVI Business Companies Act 2004...

Investors considering the takeover (take private) of a BVI incorporated listed company enjoy the benefit of different potential structuring options under BVI law.

If a wrongdoer spends his ill-gotten gains, is the claimant effectively limited to recovering a maximum sum from a subject bank account?