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Rights issues are utilised by many companies as a means of raising finance and capital either to boost an ailing balance sheet or to fund an acquisition and promote growth without having to take on any further debt commitments with third party lenders.

The British Virgin Islands has emerged as a premier offshore jurisdiction for Latin American high-net-worth families seeking sophisticated wealth preservation and succession planning solutions.

Companies incorporated in the British Virgin Islands ("BVI") have been employed as joint venture vehicles by those structuring corporate transactions in the four corners of the globe.

If you or your clients are taking security from BVI companies you need to be aware of recent developments flowing from the introduction of the BVI Business Companies Act 2004 and the Insolvency Act 2003.

The trust has always been regarded as one of the best succession vehicles, but its use to cater for the succession of shares in companies has historically been impeded by a rule of English trust law (the prudent man of business rule) which is designed to help preserve the value of trust investments.

Two recent US cases in New York have provided some useful insights into the treatment by the US Courts in New York of applications made under Chapter 15 of the US Bankruptcy Code for non-US insolvency proceedings to be treated by the US Courts as the main proceedings for the liquidation of non-US entities.

SIBA was enacted by the BVI to become the principal legislation governing the securities and investment business in the BVI. SIBA was enacted on 17 May 2010, together with the Mutual Funds Regulations (‘MFR').

This guide provides an overview of the British Virgin Islands’ Approved Manager regime.

The absence of any Takeover Code has sometimes made it difficult for directors of British Virgin Islands (BVI) companies and their advisers to determine what are the applicable rules when a BVI company is faced by a takeover offer. In basic terms, a takeover can be described as the acquisition by a person of all of the shares in a company save for those held by the offeror.

The trust has always been regarded as one of the best "succession vehicles," but its use to cater for the succession of shares in companies has historically been impeded by a rule of English trust law (the "prudent man of business rule") which is designed to help preserve the value of trust investments.

The general principles of the trust laws of the British Virgin Islands (the "BVI") are derived from those of English trust law.

The Financial Services (Exemptions) Regulations, 2007 (the 'Regulations') came into effect in August 2007.

In common with those serving other forms of collective investment fund, hedge fund managers, administrators, and advisors providing services in or from within the British Virgin Islands (BVI) are generally required to obtain a license under the Mutual Funds Act, 1996 (as amended) (the Act).

The British Virgin Islands (BVI) is a British Overseas Territory and is the world's pre-eminent corporate domicile.

The object of this Memorandum is to provide clients of Walkers with general information on the formation and operation of mutual funds in the British Virgin Islands.