ArticleE-Commerce Launches Offshore Centres Into The Next MillenniumBritish Virgin IslandsMedia, Telecoms, IT, EntertainmentThe AMS Group
ArticleUseful Clarification From The BVI Commercial Court On Late Amendments To Statutory Demands And Other MattersFollowing 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 IslandsTaxCollas Crill
ArticleSanctions Update: Insights Into The Virgin Islands General Licence No. 7, 2024On 15 October 2024, the Governor of the BVI issued the Virgin Islands General Licence No. 7, 2024 (maintenance of economic resources).British Virgin IslandsInternational LawMaples Group
ArticleA Guide To Taking SecurityFollowing execution of the security document(s), the secured party will want to ensure that particulars of the security are filed with the Registrar of Corporate Affairs in the British Virgin Islands (the "Registrar").British Virgin IslandsCorporate/Commercial LawWalkers
ArticleA Practical Guide To BVI VISTA Trusts For Clients In The Middle EastTrusts 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 LawConyers
ArticleBVI Commercial Court Confirms Implied Cross Undertaking In Damages In Receivership OrderIn 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 LawMaples Group
ArticleBVI Company Law Series - DistributionsThe 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 LawWalkers
ArticleBVI Statutory Mergers: A Valuable Tool For Business Combinations And Restructurings GloballyThe BVI statutory merger process is recognized globally and has been used effectively for many years. However, today, more global entities increasingly use BVI statutory mergers in high-value cross-border transactions.British Virgin IslandsCorporate/Commercial LawO'Neal Webster
ArticleConyers BVI Quarterly Corporate Update – Q3 2023Welcome to the latest edition of our Quarterly Corporate Update covering recent developments in the British Virgin Islands.British Virgin IslandsCorporate/Commercial LawConyers
ArticleConyers Secures Costs For Opposing Creditors: TLG Atma Ltd (Applicant) v Atlas Mara Limited (Respondent) BVIHC (COM) 0027 Of 2021In 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 LawConyers
ArticleEstablishing Economic Substance In The BVIUnder the ES Act, "legal entities" carrying on a "relevant activity" need to establish economic substance in the BVI.British Virgin IslandsCorporate/Commercial LawConyers
ArticleFair Valuations On Minority Member Exit From A BVI CompanyFrom time to time a British Virgin Islands company and its minority member(s) will not agree on certain matters affecting the minority's interests and objectives.British Virgin IslandsCorporate/Commercial LawMaples Group
ArticleInsolvent Trading – British Virgin Islands CompaniesMany 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 LawConyers
ArticleLegislation Changes In The BVIThe BVI Business Companies (Amendment) Act, 2015 (the "Amendment Act"), which includes new requirements for the filing of director information with the BVI Registry, among other changes, was published on 31 December 2015. British Virgin IslandsCorporate/Commercial LawOIL
ArticleMergers And Acquisitions Involving A BVI Regulated Entity: Navigating The BVI Regulatory LandscapeRecent 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 LawWalkers
ArticleRecent Changes To BVI Legislation - Limited Disclosure Of Control And OwnershipThe BVI's response to the UK government's call to the Overseas Territories for greater transparency in beneficial ownership has been incorporated in recent changes to BVI legislation. British Virgin IslandsCorporate/Commercial LawWithers LLP
ArticleSummonsing Of An Officer Of A BVI Company For Examination Has Extraterritorial Effect – Reasoned Written Judgement ReleasedThe 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 LawAppleby
ArticleUnleashing The Power Of The BVI Restricted Purposes CompanyModern 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 LawO'Neal Webster
ArticleVoluntary Liquidation Under The BVI Business Companies Act 2004The BVI Business Companies Act 2004 provides a simple procedure, called a voluntary liquidation, for liquidating a solvent BVI company.British Virgin IslandsCorporate/Commercial LawMourant
