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The European Union is never happier than when it is changing a sovereign country's laws for it.

2016 was an incredibly hard year for the hedge fund industry. One industry statistic has suggested that new fund launches were 40% down on 2015, with the number of new funds...

The draft BVI Business Companies (Amendment) Act 2015 (the "Bill") seeks to introduce various changes, both material and clarificatory to the Act.

One of the many sensible and creative concepts underpinning the BVI Business Company (and its predecessor – the international business company) is a simple statutory requirement for financial record keeping.

Third party costs order: Does the Court have power to permit service of application out of the jurisdiction?

In a twist of misfortune, the Claimant's solicitors applied to come off the record immediately before the security for costs application and its demitting solicitors appeared with only instructions to seek an adjournment.

Harneys has successfully brought an action that changes the law relating to the access of the BVI Courts to enforce a foreign judgment.

The BVI Government has announced the conclusion of negotiations with the US on a Model 1 Intergovernmental Agreement (IGA) under FATCA.

The British Virgin Islands and the Cayman Islands have entered into agreements with the UK for automatic disclosure of information in respect of interests in financial accounts held by UK residents.

The BVI is one of the world's most recognized offshore financial centers. Since 1984, over one million companies have been incorporated in the jurisdiction.

In August the British Virgin Islands will celebrate the 30th anniversary of its landmark International Business Companies Act, which gave rise to the islands' finance industry.

Although we are still in a recessionary state, there is no doubt that the global markets have picked up somewhat over the last year or so. Companies are again looking to raise capital via initial public offerings and BVI companies as usual are in the mix.

Monarch Pointe is the latest in a series of decisions of the BVI courts on the rights in liquidation of redeeming members of funds incorporated in the jurisdiction.

A foreign claimant in a BVI liquidation may now need to decide whether, if he has an alternative potential remedy, he can pursue that remedy in parallel with a claim in the BVI liquidation.

The Trade Marks Act and the Trade Marks Rules brings the British Virgin Islands (BVI) registration and protection of trade marks in line with other jurisdictions across the world...

Since the British Virgin Islands ("BVI") invested in a decision to upgrade its corporate framework through the introduction of the Mutual Funds Act, 1996, the Insolvency Act, 2003, and the BVI Business Companies Act, 2004, it has become one of the most popular jurisdictions for corporate transactional work as well as for the incorporation of companies and funds.

Some of the many attractions of the British Virgin Islands are the relatively sophisticated legal system, low operating costs and creditor friendly insolvency regime.