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With many entities approaching their fiscal year-end, entities incorporated in the British Virgin Islands ("BVI") that are at or are nearing the end of their life cycle should consider a voluntary liquidation.

This has been attractive amid the general global trend for increased compliance costs and more onerous regulation.

For many aspiring start-up investment managers, finding the most appropriate jurisdiction to domicile their first fund

On 1 January 2016 (the Effective Date), the [BVI] Anti-money Laundering (Amendment) Regulations 2015 (the Amendment Regulations) came into effect, amending the Anti-Money Laundering Regulations 2008.

Since the BVI Business Companies (Amendment) Act, 2022 and BVI Business Companies (Financial Return) Order, 2023 came into effect on 1 January 2023...

The BVI suffered severe damage by Hurricanes Irma and Maria in September 2017. In the aftermath of the storms, the financial services community formed an alliance and worked together ...

The BVI Business Companies (Financial Return) Order, 2023 ("Order") was brought into force on 1 January 2023.

Banking secrecy has been under scrutiny during the past few years, with Swiss and Luxembourg banks under pressure to relax banking secrecy rules.

Following our previous notification dated May 2019, The British Virgin Islands (BVI) has passed legislation requiring certain legal entities carrying on Relevant Activities to demonstrate adequate ...

The BVI Securities and Investment Business Act contains a consolidated version of the British Virgin Islands Securities and Investment Business Act, 2010 as amended.

The BVI has passed legislation to implement the Organisation for Economic Co-Operating and Development (OECD) Common Reporting Standard for the exchange of tax information (CRS).

Various sections of the Financial Services Commission Act, 2001 (the FSC Act) by the Financial Services Commission (Amendment) Act, 2015 (the Amendments) have been amended and enacted.

Mr Holm (Holm) brought proceedings against the appellants for damages for breach of contract for his investment in the Bank of Asia Project (Project). The claim was bifurcated with Holm succeeding on liability.

In the closing days of last year the British Virgin Islands (BVI) enacted its long-awaited Virtual Asset Service Providers Act 2022 (the VASP Act)

The BVI offers two lightly regulated open-ended fund products, the incubator fund and the approved fund...

Now that the United Kingdom has served notice to leave the European Union under Article 50 of the Lisbon Treaty, managers of offshore funds have a clearer timetable for when Brexit will happen, with the UK scheduled to leave the EU in March 2019.

So, the pound's tanked, world stock markets are in turmoil, Scotland and Northern Ireland are considering whether to leave the United Kingdom so they can stay within the EU and the Prime Minister has announced his resignation.