Harneys continues to provide a regular roundup of recent case notes from the British Virgin Islands Commercial Court.

The BVI is already the world's leading jurisdiction for company incorporations, home to over 350,000 registered international business companies (IBCs) that carry on businesses as diverse

The British Virgin Islands’ Government has introduced, in its new corporate legislation, innovative new rules addressing conflicts of interest issues for directors in joint ventures.

The British Virgin Islands has long been a favourable jurisdiction to structure investment deals, either through the SPV (special purpose vehicle)

Setting up a tokenized investment fund with an approved manager in the British Virgin Islands (BVI) offers many strategic advantages by combining the innovative benefits of blockchain technology with cost-effectiveness and the operational efficiencies of the BVI's financial services regulatory framework.

"Fintech is the future", said Mr Carson Wen (Mr Wen), the Chairman and founder of Bank of Asia (BVI) Limited (Bank of Asia).

The British Virgin Islands Financial Services Commission (FSC) has recently recognised Asia-based Fusang Exchange Ltd as its first digital securities and asset exchange.

A new "regulation light" fund manager regime for the BVI is one step closer to launch with the publication on 1 November of the final form of the Investment Business (Approved Manager) Regulations, 2012 ("Regulations").

In addition to the Commission's increasing scrutiny and oversight of Regulated Entities, it is anticipated that the Commission will be implementing a new filing process in the near future whereby all applications, notifications and fees submitted ..

Investing in African and international businesses through funds established in the British Virgin Islands (BVI) is a well-trodden path that's designed to provide flexibility...

The British Virgin Islands ("BVI") has a long established reputation for providing cost effective corporate structures for raising finance and for acting as efficient gateways for collective investments.

Philip Graham, partner and head of the investment funds and regulatory team, Harneys (BVI), explains why the British Virgin Islands is a domicile of choice for many fund managers.

The CFATF has published the 2nd Enhanced Follow-up Report in relation to the BVI.

Every company, which is required to file an annual return, must submit to its Registered Agent a return in the form, and containing the information specified in the Schedule to the Order.

Of particular benefit to a new manager is that incubator or approved funds are not required to prepare an offering memorandum.

Effective 1 January 2023, all companies incorporated or registered in the BVI ("Companies") are required to file a financial return (an "Annual Return") with their Registered Agent each year.

On 24-25 October 2023, Justice Wallbank of the BVI Commercial Court presided over a valuation trial in the matter of Soemarli Lie v Ng Min Hong & Success Overseas Finance Limited...

The recent first instance decision in Rangecroft Limited v. Lenox International Holdings Ltd BVIHC (Com) 37 of 2020 (unreported, 6 July 2020) is an interesting and potentially far reaching one.

On 8 April 2025, the British Virgin Islands International Tax Authority ("ITA") updated the user guide to the British Virgin Islands ("BVI") Financial Account Reporting System ("FARS")...

The British Virgin Islands will implement its new beneficial ownership reporting regime on July 1, 2017, by virtue of the recently passed BOSSs Act, 2017, (BOSSs), which comes into force on June 30, 2017.