92 results found

When a sole shareholder and director of a BVI company passes away, the absence of a director can lead to significant administrative challenges and delays in estate administration. This article examines practical solutions available under BVI law, including the strategic appointment of reserve directors and the use of trust structures, to ensure business continuity and facilitate the smooth transfer of shares to beneficiaries.

The clock is ticking towards April 2017 when the new rules affecting the status of non-domiciled but UK resident individuals as set out in Finance Bill 2017 will take full force and effect.

On 9 July 2021, a number of important pieces of legislation were brought into force in the BVI on the same day. Those enactments have made significant changes to the law in their respective areas,...

This week, the BVI Commercial Court (the "Court") has handed down judgment in Briefline Assets Ltd v Nikolay Falin and Anor, where the Honourable Mr Justice Jack has clarified how the Court will interpret...

The VISTA regime was introduced as a solution to what is commonly referred to as 'the prudent investor problem'.

Where a person has died and left assets in the British Virgin Islands (BVI), it is not possible to deal with those assets without first obtaining a grant of representation from the relevant local Court.

A trust is a legal relationship created when a person (the settlor) places assets under the control of another person (the trustee) for the benefit of specified persons (the beneficiaries) or for specified purposes.

When it comes to trusts and succession planning, the British Virgin Islands (“BVI”) is a well-established jurisdiction of choice.

Aside from being one of the most beautiful sailing destinations in the world, the British Virgin Islands continues to be widely regarded as an attractive jurisdiction...

On 30 March 2015 a new section (the New Section) relating to trustees' obligations to maintain trust records was inserted into the British Virgin Islands' (BVI) Trustee Ordinance.

Traditionally, establishing trusts in the British Virgin Islands ("BVI") by those from jurisdictions which do not recognise trusts or which have forced heirship rights...

Under most jurisdictions, unless a trust is established for charitable purposes, the assets require to be held for a specific beneficiary or class of beneficiaries.

Securitisation is, in its very basic terms, the process of taking an illiquid asset, or group of assets, and through financial engineering, transforming them into a security ...

The Probates (Resealing) Act, 2021 (the Act) has been in force in the British Virgin Islands (the BVI) since 9 July 2021, repealing The Probates (Resealing) Act (Cap. 60), 1937 (the 1937 Act).

Trusts established under the British Virgin Islands' special trust regime are referred to as "VISTA Trusts". VISTA Trusts are a form of trust unique...

The claim in this matter, Zorin Sachak Khan et al v Gany Holdings et al BVI HCMAP 2014/0018, concerns the appropriation of trust property and it sought various trust-related remedies.

The rise in the number of global HNWIs has seen an increase in demand for lifestyle assets such as yachts, art work, prime real estate and private jets.

New legislation has been recently enacted to further refine the trust legislation, especially the use of Private Trust Companies and VISTA trusts, which will help to ensure that BVI remains at the cutting edge of international trust planning and a jurisdiction of choice for high net worth families from around the globe.