After much anticipation, the Securities and Investment Business Act, 2010 ("SIBA") came into force in the British Virgin Islands ("BVI") on 17 May 2010.

Companies that have been incorporated in other jurisdictions may be permitted to change their jurisdiction of incorporation to the British Virgin Islands ("BVI")

The Securities and Investment Business Act, 2010 (SIBA) was brought into force in the British Virgin Islands (BVI) on May 17, 2010 (other than Part II dealing with the public issue of securities).

Security over the shares in a BVI company may be granted either by way of a mortgage or charge pursuant to the provisions of the BVI Business Companies Act (the "Act").

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.

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').

Security over the shares in a British Virgin Islands (BVI) company may be granted either by way of a mortgage or charge...

The British Virgin Islands ("BVI") has long been a world renowned international financial centre, with more than 380,000 active companies registered there.

The most common corporate structure used for financing the purchase of an aircraft involves the incorporation of a special-purpose vehicle ("SPV") to hold title to the aircraft being financed.

This country-specific Q&A provides an overview to restructuring & insolvency laws and regulations that may occur in the British Virgin Islands.

The British Virgin Islands ("BVI") is a leading international finance centre and BVI companies are a very frequent feature of offshore finance transactions.

Since its enactment 20 years ago, the BVI’s International Business Companies Act (Cap. 291) (the "IBC Act") has become one of the most widely-used corporate statutes with over six hundred thousand IBCs incorporated under it. Notwithstanding such phenomenal success, practitioners and users have for some time been calling for amendments to the IBC Act as well as for an additional and more flexible range of corporate vehicles, and its twentieth anniversary marked an appropriate occasion f

All complex inquiries start with and are shaped by a model or plan. Each fraud recovery model must be custom-built from the bottom up.

The British Virgin Islands is becoming an increasingly popular jurisdiction for aviation finance, not only in the private and corporate jet sectors, but also in the commercial aircraft sector.

There are no restrictions on foreign lenders financing an aircraft locally, nor on borrowers using the loan proceeds.

What are the typical structures available for financing the purchase of an aircraft? The British Virgin Islands (BVI) offers a flexible regime for aircraft financing structures.