On 13 December 2024, the BVI Financial Services Commission (FSC) notified the industry that the transfer of beneficial ownership information to the FSC's Registry of Corporate Affairs would begin from 2 January 2025.

The British Virgin Islands ("BVI") is one of the leading offshore investment funds jurisdictions, attracting investment managers and investors worldwide. BVI investment fund structures are well known...

The Central Bank of Cyprus (CBC) has announced the establishment of a comprehensive strategy for licensing and supervisory electronic money institutions (EMIs) and payment institutions (PIs).

The BVI is expected to undergo its fourth round of mutual evaluation by the Caribbean Financial Action Task Force (CFATF) in 2018 based on the Financial Action Task Force's (FATF) international standards on combating money laundering and the financing of terrorism and proliferation.

In addition to being the world's leading international finance centre in which to set up companies, the British Virgin Islands (BVI) is now regarded as one of the world's premier trust jurisdictions.

For many investment managers, triggering a suspension clause can be considered an extreme and unwelcome step. Investor opinion and market sentiment can be negatively impacted should a fund trigger a right to suspend.

On 1 July 2026, the British Virgin Islands (“BVI”) Registry struck off and dissolved entities that failed to meet the Beneficial Ownership and statutory register filing requirements due 1 January 2026

On 24 December 2024, the BVI published General Licence No. 8 (2024), allowing payments for reasonable professional legal fees and expenses related to designated persons...

The BVI and Cayman are often referred to as "tax neutral" and you might have been told that, for this reason, it would be advantageous to establish your fund in either jurisdiction.

An amendment to the existing BVI CRS legislation has been published which introduces new requirements to the existing CRS regime.

On 7 February 2024, the European Parliament adopted the final version of the text amending the Alternative Investment Fund Managers Directive (AIFMD 2.0).

Ogier has successfully represented the applicants in a BVI scheme of arrangement for a debt restructuring, as part of a $1.5 billion global restructuring, demonstrating the ability of our transactional and dispute...

Carey Olsen presents this unofficial consolidation of the BVI Insolvency Act 2003 (the "Act") and the Insolvency Rules 2005 (the "Rules").

The Economic Substance (Companies and Limited Partnerships) Act, as amended (the "ESA"), requires BVI legal entities which engage in relevant activities to maintain economic substance in the BVI.

November 2002, Tortola, British Virgin Islands – O'Neal Webster is pleased to announce that maritime attorney A. Hermia Tench is among the six new board members appointed...

Offshore centres are poised to benefit from the enormous growth forecast in Islamic finance over the next few years, says Ogier's Head of Banking and Finance in Asia.

The political and economic rollercoaster ride we've been on here in the UK since the EU referendum in June seems set to continue following Thursday's High Court judgment in London

Adding to our success at The Lawyer and HFM Awards, Harneys was privileged to win twice at the inaugural Africa Global Funds Awards held recently in Cape Town.

Amendments to the BVI Business Companies Act in the British Virgin Islands ("BVI") have increased the focus on the role of the voluntary liquidator in the jurisdiction.

A BVI company can grant security over its assets in any manner permitted or required in the local jurisdiction where such assets and/or tangible moveable property are located.