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A reference to the "perfect arbitration clause" is always likely to be a little controversial.

Harneys Partner Colin Riegels tells the story of the development of the BVI’s landmark IBC Act of 1984.

As a result, the BVI is often considered in the venture capital space when forming a venture capital fund or incorporating a start-up company.

There are over 465,000 active BVI companies and, given the popularity of such companies, they are often used in secured financing transactions.

Security over the shares of a BVI company will typically be either by way of mortgage (which may be legal, although usually equitable) or charge.

issue a certificate of dissolution in the approved form certifying that the company has been dissolved.

The British Overseas Territory of the Virgin Islands, commonly called the "British Virgin Islands", is located about 60 miles east of Puerto Rico and which along with its largest trading partner, the U.S. Virgin Islands, forms part of the Virgin Islands archipelago.

The Securities and Investment Business Act 2010 (SIBA) of the British Virgin Islands (BVI), which took effect in May 2010, requires persons engaged in ‘investment business' (as defined below) in or from within the BVI to be licensed thereunder.

The introduction of the two new, lightly regulated fund products reflect the FSC's awareness of global funds market trends and are designed to meet the needs of the asset management industry.

Harneys has for many years worked together with many of the leading law firms in Africa as well as law firms outside of Africa advising on Africa focused transactions.

BVI companies are governed by the BVI Business Companies Act, 2004 (the Act), which has recently been amended by the BVI Business Companies (Amendment) Act, 2015 (the Amendment Act).

The Amendment Act has introduced some new concepts and in some cases has sought to clarify certain aspects of the existing legislation while providing greater flexibility in other areas.

In a recent opinion, the Privy Council has given definitive guidance on the operation of the statutory scheme in the British Virgin Islands for the rectification of share registers.

Funds classified as Exempt Funds under the Investment Funds Act 2006 of Bermuda have until 3 October 2016 to be reclassified as Class A Exempt Funds or Class B Exempt Funds (the New Classes).

Entering into security financing transactions with BVI Business Companies (BCs) is a familiar part of the global financial services landscape.

Initial currency offerings (ICOs) of crypto-currencies, tokens and other block chain based assets raised over US$ 3.5 billion in 2017.

On 30 October 2003 the British Virgin Islands' Government announced that the changes to the bearer share regime highlighted in our client advisory of May 2003 will not come into full effect for seven years.

Since trusts governed by the laws of the BVI usually have significant legal links with the laws of one or more other jurisdictions, it is essential for the BVI to have adequate rules for resolving "choice of law" questions relating to trusts.