The British Virgin Islands is becoming an increasingly popular jurisdiction for aviation finance transactions in both the commercial and business jet sectors.

In the British Virgin Islands, a ship mortgage is recognized as a charge or encumbrance attached to a vessel as security, guaranteeing the ship owner's obligations as mortgagor...

The United Nations General Assembly adopted the UN Convention on the International Effects of Judicial Sales of Ships on 7 December 2022. The Convention looks to ensure certainty...

The BVI is amongst a select group of Caribbean destinations that enjoy the benefits of being part of the United Kingdom's Red Ensign Group of Registries

Shipping business in the BVI is fast developing, and it is important to understand some critical elements, being financing and taking of security.

The Government of the Virgin Islands has amended the Commercial Recreational Vessels Licensing Act, 1992 (the CRVL), the Cruise and Home Port Permit Act, 2001...

Ship arrest is a legal mechanism whereby a ship can be detained as security for a claim pending the outcome of court proceedings.

The Virgin Islands Shipping Registry continues to make strides in engaging the international community, placing the British Virgin Islands at its core. In the past decade, the BVI has become...

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.

Limitation of liability is a legal mechanism that allows a shipowner (or other entitled party) to cap their total financial exposure to maritime claims at a maximum amount, regardless of the actual value of the claims.

It is anticipated that the International Tax Authority (the "ITA") of the British Virgin Islands will soon issue its Economic Substance Code (the "Code").

The British Virgin Islands is not a signatory (or party by extension from the UK) to the Rome Convention, the Geneva Convention, the Chicago Convention or the Cape Town Convention.

The Department of Transport, Tourism and Sport ("DOTTS"), is the Government department responsible for aviation policy in Ireland.

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.

This Cayman guide to ship finance provides an overview of the key shipping-related issues, legal system and laws in Cayman, and explores the following questions:

The British Virgin Islands (BVI) offers a flexible regime for aircraft financing structures. Typically these will involve the incorporation of a special purpose vehicle (SPV) which will hold the title to the aircraft.

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.

In the British Virgin Islands chapter of the International Comparative Legal Guide to Aviation Law 2020, Michael Gagie and Rebecca Lee give a comprehensive overview on aviation laws and regulations in the British Virgin Islands.

There are no taxes or duties payable as a consequence of the execution of an aircraft or engine sale agreement (including for the sale of an ownership interest in an entity) where the asset is either located physically ...