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Article
New Beneficial Ownership Obligations On BVI Trustees
On 10 December 2024, the Trustee (Amendment) Act, 2024 (the "Amendment Act") came into force in the British Virgin Islands ("BVI").
British Virgin IslandsCorporate/Commercial Law
Maples Group
Article
Redemption Of Disabled Bearer Shares In The British Virgin Islands
For many years, bearer shares were viewed as an attractive option by many when it came to holding shares in BVI companies.
British Virgin IslandsCorporate/Commercial Law
Campbells

Reflective Loss, Corporate Relief And Unfair Prejudice Claims: Re Sandycombe Development Ltd

The English High Court's decision in Re Sandycombe Development Ltd addresses whether minority shareholders can pursue unfair prejudice petitions when their losses mirror company losses, and whether such petitions can simultaneously seek both personal relief and remedies for the company itself.

British Virgin IslandsCorporate/Commercial Law

Obtaining A Grant Of Probate In The BVI

When a person has passed away leaving assets situated in the British Virgin Islands (BVI), such assets will generally be inaccessible until a Grant of Probate or Grant of Letters of Administration...

British Virgin IslandsFamily and Matrimonial

Economic Substance Legislation

The British Virgin Islands (BVI) has passed legislation requiring certain legal entities carrying on relevant activities to demonstrate adequate economic substance in the BVI.

British Virgin IslandsFinance and Banking

Morgan & Morgan

Winding Up Proceedings Prevail: Privy Council Confirms No Stay Of Liquidation In Favour Of Arbitration

The Privy Council has recently upheld a BVI judgment refusing stay of a winding up petition in favour of arbitration.

British Virgin IslandsLitigation, Mediation & Arbitration

Useful Clarification From The BVI Commercial Court On Late Amendments To Statutory Demands And Other Matters

Following the decision of the BVI Commercial Court on BEC Limited v (1) A2 and (2) A1 (BVIHC (COM) 2022/0059), here is useful clarification on the late amendments...

British Virgin IslandsTax

BVI Business Companies As Corporate Vehicles For Digital Token Issuers – FAQs

The BVI has a business-friendly regulatory framework that is favourable for fintech and blockchain businesses.

British Virgin IslandsTechnology

A Practical Guide To BVI VISTA Trusts For Clients In The Middle East

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

British Virgin IslandsCorporate/Commercial Law

BVI Commercial Court Confirms Implied Cross Undertaking In Damages In Receivership Order

In a recent ex tempore judgment of Wallbank J in the long-running matter, JTrust Asia Pte. Ltd v Mitsuji Konoshita and Anor BVIHC(COM)2017/0226, the British Virgin Islands ("BVI")...

British Virgin IslandsCorporate/Commercial Law

BVI Company Law Series - Distributions

The BVI Business Companies Act, 2004 (as amended) (the "Act") gives a BVI business company (a "company") a high degree of flexibility in when and how it may make distributions.

British Virgin IslandsCorporate/Commercial Law

Conyers BVI Quarterly Corporate Update – Q3 2023

Welcome to the latest edition of our Quarterly Corporate Update covering recent developments in the British Virgin Islands.

British Virgin IslandsCorporate/Commercial Law

Conyers Secures Costs For Opposing Creditors: TLG Atma Ltd (Applicant) v Atlas Mara Limited (Respondent) BVIHC (COM) 0027 Of 2021

In its judgment dated 28 July 2021, the BVI Commercial Court, determined both that as matter of jurisdiction, and in the exercise of his discretion he should permit creditors...

British Virgin IslandsCorporate/Commercial Law

Establishing Economic Substance In The BVI

Under the ES Act, "legal entities" carrying on a "relevant activity" need to establish economic substance in the BVI.

British Virgin IslandsCorporate/Commercial Law

Insolvent Trading – British Virgin Islands Companies

Many businesses are currently experiencing unprecedented pressure on their cash flow as a result of the COVID-19 pandemic and the governmental restrictions which are being implemented around the world.

British Virgin IslandsCorporate/Commercial Law

Mergers And Acquisitions Involving A BVI Regulated Entity: Navigating The BVI Regulatory Landscape

Recent years have seen a trend towards consolidation in the financial services industry; the BVI is no exception and mergers and acquisitions involving licensed trust companies...

British Virgin IslandsCorporate/Commercial Law

Summonsing Of An Officer Of A BVI Company For Examination Has Extraterritorial Effect – Reasoned Written Judgement Released

The BVI Court has recently released its written reasons for the decision in BVIHC(COM) 2022/0119, Russell Crumpler and Christopher Farmer as Joint Liquidators of Three Arrows Capital Ltd...

British Virgin IslandsCorporate/Commercial Law

Unleashing The Power Of The BVI Restricted Purposes Company

Modern day company law has largely moved away from the concept of "ultra vires" which sought to limit the ability of a company to enter into transactions outside its stated objects.

British Virgin IslandsCorporate/Commercial Law

Update To The BVI Limited Partnership Act

On 2 January 2025, the British Virgin Islands Limited Partnership (Amendment) Act, 2024 was brought into force...

British Virgin IslandsCorporate/Commercial Law

Voluntary Liquidation Under The BVI Business Companies Act 2004

The BVI Business Companies Act 2004 provides a simple procedure, called a voluntary liquidation, for liquidating a solvent BVI company.

British Virgin IslandsCorporate/Commercial Law

Showing 261–280 of 688 results

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