92 results found

Many BVI companies have only one director/shareholder.

The Trustee (Amendment) Act, 2021 came into force on 9 July 2021 introducing a range of important new and updated provisions into the BVI's Trustee Act...

The British Virgin Islands ("BVI") is becoming an increasingly popular jurisdiction for aviation finance not only in the private and corporate jet sectors, but also in the commercial aircraft sector.

The BVI's VISTA legislation has been amended so that co-trusteeship of VISTA trusts is now permitted.

A resulting trust will generally arise by operation of law whenever a person directs property which has been acquired from his or her own resources to be placed in the name of another.

Since the BVI's Financial Services (Exemptions) Regulations, 2007 (as amended, "the PTC Regulations") came into effect, the BVI has become the jurisdiction of choice for private trust companies...

For shares in a BVI company held personally or via a nominee arrangement, such shares will be effectively frozen upon the passing away of individual shareholders.

Whilst offshore trusts have become the default structure adopted by Asian families for intergenerational transmission of wealth and succession of businesses...

Legislative amendments to the British Virgin Islands ("BVI") trust legislation took effect on 9 July 2021 under the Trustee (Amendment) Act, 2021.

With the development of legislation in a number of offshore jurisdictions to allow for non-charitable purpose trusts, the Caymans Islands introduced the Special Trusts Law 1997, to allow for the establishment of STAR Trusts.

In addition to the ground-breaking reforms relating to the variation of trusts, reserved powers and the ‘firewall' provisions in the Trustee Act, each of which are covered elsewhere...

O'Neal Webster is pleased to announce that the 'firewall' provisions in the BVI's Trustee Act are now to be made more robust as a result of amendments to section 83A of the Trustee Act which to...

A discussion on the Virgin Islands Special Trusts Act, which was introduced in order to allow a shareholder to establish a BVI trust over a BVI company which disengages the trustee from administrative and managerial responsibility in relation to the BVI company.

New Trust legislation in the BVI has broadened the range of trust options available to private clients and enhanced BVI trust legislation...

Many prospective settlors, especially those from jurisdictions or family backgrounds in which trusts do not feature, the establishment of a lifetime trust can involve a rather significant leap in the dark.

Many private investors use BVI companies to hold their assets. Complications can arise on death of the investor (D)

A discussion on the possibility to establish a Private Trust Company in BVI, which may act as trustee of trusts without the need to obtain a BVI trust licence as long as certain conditions are satisfied.