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  • Article

    BVI Court Clarifies Dissenter And Statutory Appraisal Rights Of Shareholders

    Over the past 12-18 months we have seen a marked increase in the number of BVI statutory fair value appraisals as a result of minority shareholders...
    British Virgin IslandsCorporate/Commercial Law
    Campbells
    Campbells
  • Article

    BVI Exempts Certain Categories Of People From Work Permit Requirements

    The BVI Government has enacted a measure which exempts various categories of people from the need to obtain work permits.
    British Virgin IslandsCorporate/Commercial Law
    Harneys
    Harneys
  • Article

    BVI Update: Changes To The Eligible Introducer Regime And Director Filings

    Further to the update we sent in late October regarding the enhancement of the anti-money laundering regime in the British Virgin Islands...
    British Virgin IslandsCorporate/Commercial Law
    OIL
    OIL
  • Article

    English High Court Follows BVI Case, Lau V Chu, To Confirm The Test For Just And Equitable Winding Up

    In the recent decision in Re Klimvest Plc [2022] EWHC 596 (Ch), HHJ Cawson QC, sitting as a Judge of the English High Court, ordered that the respondent company, Klimvest, be wound up on just and equitable grounds ...
    British Virgin IslandsCorporate/Commercial Law
    Harneys
    Harneys
  • Article

    Expiry Of BVI Claim Form Defeats US$ 30 Million Claim And Worldwide Freezing Order

    Two and a half years after VTB Bank filed a US$ 30 million claim in the BVI Commercial Court against Withers BVI client Alexander Katunin for enforcement of a Russian default judgment...
    British Virgin IslandsCorporate/Commercial Law
    Withers LLP
    Withers LLP
  • Article

    Extension For BVI Companies Initial Annual Filing Ends 30 June 2025

    BVI Financial Services Commission (FSC) has issued a reminder to BVI companies whose financial year is a calendar year that the 9-month extension for filing initial annual financial returns (annual returns)...
    British Virgin IslandsCorporate/Commercial Law
    O'Neal Webster
    O'Neal Webster
  • Article

    Further Changes To The BVI Business Companies Act, 2004 Come Into Effect April 1st 2016

    The new section 118B of the BVI BCA requires that a copy of a company's ROD be filed with the Registrar.
    British Virgin IslandsCorporate/Commercial Law
    Walkers
    Walkers
  • Article

    Further Changes To The BVI Business Companies Act, 2004 Come Into Effect April 1st 2016

    A frequent part of Walkers' practice in the Finance Group involves reviewing the register of directors ("ROD") of BVI companies to verify who can authorise those companies to participate in various transactions.
    British Virgin IslandsCorporate/Commercial Law
    Walkers
    Walkers
  • Article

    Granting Of Guarantees By British Virgin Islands Companies

    Corporate guarantees are commonly provided by British Virgin Islands (BVI) companies. The BVI statutory regime makes the provision of such guarantees simple and efficient.
    British Virgin IslandsCorporate/Commercial Law
    Conyers
    Conyers
  • Article

    Guide To Registering Security Interests Created By Cayman Islands Companies In The Cayman Islands

    This concise guide discusses the Cayman Islands Companies Law requirements relating to the registration of security interests over the assets of a Cayman Islands exempted company.
    British Virgin IslandsCorporate/Commercial Law
    Harneys
    Harneys
  • Article

    Illusory Trusts In The British Virgin Islands And Section 86 Of The BVI's Trustee Act

    The principles of English common law and equity form part of British Virgin Islands (BVI) law and would be applied by the BVI's courts, except to the extent that they have been modified by statute.
    British Virgin IslandsCorporate/Commercial Law
    O'Neal Webster
    O'Neal Webster
  • Article

    Imminent Deadline: BVI Annual Returns To Be Submitted To Registered Agents By 30 September 2024

    British Virgin Islands ("BVI") companies now have to file an annual return with their registered agent setting out certain financial information, unless they are exempt.
    British Virgin IslandsCorporate/Commercial Law
    Maples Group
    Maples Group
  • Article

    Succession Planning Using Cascading Share Classes In A BVI Company

    Whilst many individuals are aware of the importance of succession planning to preserve continuity and stability in the transfer of assets upon death, such planning is often hindered by concerns over the high cost of establishing a robust trust structure.
    British Virgin IslandsCorporate/Commercial Law
    Conyers
    Conyers
  • Article

    BVI FSC Recognises Fusang Exchange As Its First Digital Securities And Asset Exchange

    The British Virgin Islands Financial Services Commission (FSC) has recently recognised Asia-based Fusang Exchange Ltd as its first digital securities and asset exchange.
    British Virgin IslandsFinance and Banking
    O'Neal Webster
    O'Neal Webster
  • Article

    Statutory Demands In The BVI: No Longer Truly Optional?

    Statutory demands in the British Virgin Islands have long been a useful option for creditors of defaulting companies.
    British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring
    Carey Olsen
    Carey Olsen
  • Article

    Disclosure Of Information In The BVI

    Disclosure orders constitute a very powerful weapon for the tracking down and recovery of assets.
    British Virgin IslandsLitigation, Mediation & Arbitration
    Harneys
    Harneys
  • Article

    The Eastern Caribbean Court Of Appeal Continues Protection For Nam Tai Shareholders

    The Eastern Caribbean Court of Appeal has delivered two decisions that have continued the protection afforded by the BVI Commercial Court to shareholders in Nam Tai Property Inc...
    British Virgin IslandsLitigation, Mediation & Arbitration
    Ogier
    Ogier
  • Article

    The Fatal Application Test: BVI Court Of Appeal Strikes Out Derivative Appeal As A Nullity

    "Final" decisions of the BVI Court come with an automatic right of appeal to the ECSC Court of Appeal (CoA), whereas "interlocutory"...
    British Virgin IslandsLitigation, Mediation & Arbitration
    Ogier
    Ogier
  • Article

    Privy Council Upholds Court Of Appeal Ruling In Long-Running Trusts Dispute

    Ogier's Nicholas Brookes has been part of the team that successfully defended a high-profile and long-running BVI trusts dispute that was fought all the way to the Privy Council.
    British Virgin IslandsWealth Management
    Ogier
    Ogier
  • Article

    Try The BVI For Your Next Joint Venture

    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.
    British Virgin IslandsWealth Management
    British Virgin Islands International Finance Centre
    British Virgin Islands International Finance Centre

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