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In the recent case of FHL v LTC & 5 others BVI HC (COM) 2020/0048 the BVI Commercial Court granted a wider Norwich Pharmacal relief, requiring disclosure not only from several Registered Agents...

This article outlines the changes, which are refinements rather than wholesale changes, and are expected to be largely welcomed by the financial services sector.

The Bank of Asia has been established in the BVI to address the growing needs of offshore companies and their owners.

Entities in the British Virgin Islands may qualify for exemptions from Annual Return requirements based on specific criteria. BVI Business Companies and Limited Partnerships can avoid filing obligations if they meet conditions such as being listed on recognized exchanges, regulated by the FSC, or filing tax returns with financial statements.

As annual British Virgin Islands ("BVI") Registry fees are now payable for those BVI companies that were incorporated or registered in the second half of the year...

The BVI continues to be the jurisdiction of choice for token issuers and for token generation activities. This is on the basis that the BVI Virtual Assets Service providers Act...

The BVI Financial Services Commission (FSC) has announced a Memorandum of Understanding (MoU) with Gibraltar in relation to the supervision of managers of alternative investment funds (AIFMs).

Segregated Portfolio Companies (SPCs) are well recognised and widely used corporate vehicles, and the BVI is seeing increasing demand for them in the funds context.

In a judgment made public on 24 February 2022, the English High Court has granted what is thought to be the first ever third-party debt order in proceedings arising from cryptocurrency fraud.

The BVI Financial Services Commission (FSC) hosted its annual Meet the Regulator (MTR) Forum on 12 December 2024.

The Financial Services Commission Act 2001 was amended by the Financial Services Commission (Amendment) Act 2017 (the Amendment) on 1 May 2017.

The British Virgin Islands International Tax Authority has launched its BVI Financial Account Reporting System.

Following our client advisory issued on 11 January 2023 and available here, the BVI Virtual Assets Service Providers Act, 2022 will come into force on 1 February 2023.

The Financial Services Commission of the British Virgin Islands announced on 20 March 2017 that it has made an enhancement to its Virtual Integrated Registry and Regulatory General Information Network.

The BVI International Tax Authority ("ITA") has confirmed that the British Virgin Islands Financial Account Reporting System ("BVIFARS") has now been reopened following closures due to hurricanes Irma and Maria and is accepting both Common Reporting Standard ("CRS") and US Foreign Account Tax Compliance Act ("FATCA") filings

On 5 May 2022, James Gaudin, Andrew Weaver and Gemma Whale of our Jersey office advised on the implications of a new UK law, the Economic Crime (Transparency and Enforcement) Act 2022...

A recent decision of the British Virgin Islands ("BVI") Commercial Court has seen The Honourable Justice Jack (Ag) clarify the 'aggrieved person' test for an interloper seeking...