ArticleBVI Court Clarifies Dissenter And Statutory Appraisal Rights Of ShareholdersOver 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 LawCampbells
ArticleBVI Exempts Certain Categories Of People From Work Permit RequirementsThe BVI Government has enacted a measure which exempts various categories of people from the need to obtain work permits. British Virgin IslandsCorporate/Commercial LawHarneys
ArticleBVI Update: Changes To The Eligible Introducer Regime And Director FilingsFurther 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 LawOIL
ArticleEnglish High Court Follows BVI Case, Lau V Chu, To Confirm The Test For Just And Equitable Winding UpIn 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 LawHarneys
ArticleExpiry Of BVI Claim Form Defeats US$ 30 Million Claim And Worldwide Freezing OrderTwo 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 LawWithers LLP
ArticleExtension For BVI Companies Initial Annual Filing Ends 30 June 2025BVI 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 LawO'Neal Webster
ArticleFurther Changes To The BVI Business Companies Act, 2004 Come Into Effect April 1st 2016The 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 LawWalkers
ArticleFurther Changes To The BVI Business Companies Act, 2004 Come Into Effect April 1st 2016A 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 LawWalkers
ArticleGranting Of Guarantees By British Virgin Islands CompaniesCorporate 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 LawConyers
ArticleGuide To Registering Security Interests Created By Cayman Islands Companies In The Cayman IslandsThis 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 LawHarneys
ArticleIllusory Trusts In The British Virgin Islands And Section 86 Of The BVI's Trustee ActThe 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 LawO'Neal Webster
ArticleImminent Deadline: BVI Annual Returns To Be Submitted To Registered Agents By 30 September 2024British 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 LawMaples Group
ArticleSuccession Planning Using Cascading Share Classes In A BVI CompanyWhilst 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 LawConyers
ArticleBVI FSC Recognises Fusang Exchange As Its First Digital Securities And Asset ExchangeThe 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 BankingO'Neal Webster
ArticleStatutory 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-StructuringCarey Olsen
ArticleDisclosure Of Information In The BVIDisclosure orders constitute a very powerful weapon for the tracking down and recovery of assets.British Virgin IslandsLitigation, Mediation & ArbitrationHarneys
ArticleThe Eastern Caribbean Court Of Appeal Continues Protection For Nam Tai ShareholdersThe 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 & ArbitrationOgier
ArticleThe 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 & ArbitrationOgier
ArticlePrivy Council Upholds Court Of Appeal Ruling In Long-Running Trusts DisputeOgier'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 ManagementOgier
ArticleTry The BVI For Your Next Joint VentureThe 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 ManagementBritish Virgin Islands International Finance Centre