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Insolvency law in the British Virgin Islands is almost entirely codified in the Insolvency Act 2003 and supplemented by the Insolvency Rule 2005.

The British Virgin Islands’ Arbitration Act 2013 is a landmark piece of legislation which is expected to propel alternative dispute resolution in the BVI into high gear.

To incubate is to keep something in a suitable environment for a term where it can develop to its full potential.

The case involved a minority shareholder, Gavin Mayhew, who was forcibly redeemed pursuant to Section 176 of the Act.

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.

Restoring a company to good standing is one avenue by which a creditor may pursue an asset thought to have vanished.

Like a low budget horror film, the "Alfa v Cukurova" litigation seems to have an inexhaustible supply of sequels.

I wanted to write a post on the continuing obligations for BVI funds because if you are thinking of launching a fund in the BVI, knowing what your obligations will be is essential.

Two funds, an offshore and domestic US fund, are established and both are managed in exactly the same way.

Whilst the wishes of the majority of creditors (whether in number or by value) is an important factor in many decisions made within insolvency processes...

The British Virgin Islands (BVI) is once again considering proposals to bring into force provisions which permit the making of administration orders in relation to BVI companies.

The British Virgin Islands’ government has announced by proclamation that the Arbitration Act 2013 will come into force on 1 October 2014.

International guidelines on cross-border insolvency matters have recently been adopted by the BVI courts.

The changes that were announced in the UK Budget 2014 do not affect the above benefits.

"Our thoughts remain with all those who have been affected by Hurricane Irma across the region.

Yes, yes, we all know what the mem and arts and the local companies’ legislation say about having so many (offshore) board meetings a year but, even so, wouldn’t it just be nice to have the flexibility of having them where and when they were needed rather than having to travel half way across the world for a one hour meeting to discuss not very much?

The Privy Council handed down a December 2016 judgment in a matrimonial appeal from the British Virgin Islands which challenged the lower courts' ruling on the division of property in divorce proceedings.