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The BVI Business Companies (Amendment) Act, 2015 was enacted in the BVI House of Assembly on 21 December 2015 and is due to come into force shortly.

Despite the popular myth of the secrecy of BVI companies, the reality on the ground paints a different picture.

The BVI Business Companies Act (the Act) and the Mutual Legal Assistance (Tax Matters) Amendment Act 2003 (as amended) (MLAT) set out a number of on-going administrative record-keeping obligations...

The government of the British Virgin Islands has recently published The Securities and Investment Business (Incubator and Approved Funds) Regulations 2015 providing for the approval of two new types of investment fund in the jurisdiction, namely the incubator fund and the approved fund.

In the case of the BVI and Cayman Islands, the two most popular offshore jurisdictions, there are certain differences of terminology between the two juris­dictions which can be glossed over.

The object of this memorandum is to provide clients of Walkers with general information on the approval process under the Mutual Funds Act, 1996 (the "Act") (as amended) in relation to an application for a licence to provide management and/or administration services to a mutual fund.

This Guide provides an introduction to the remedies available to minority shareholders of BVI companies.

A freezing order (or Mareva injunction) is a type of injunction which restrains a party from removing or dealing with his or her assets and monies to prevent dissipation, which would otherwise, defeat the purpose of a later judgment.

The British Virgin Islands Government announced that it had concluded negotiations with the US with respect to a Model 1B Intergovernmental Agreement.

The BVI International Arbitration Centre (the BVIIAC) opened its doors on 16 November 2016.

Proposals to introduce legislation in the British Virgin Islands (the "BVI") to reform the regulation of the legal profession have been around for a number of years.

With the development of the BVI as an offshore financial centre ('OFC') in the early 1980s many companies have decided to establish domicile in the jurisdiction.

There is an intimate relationship between art and finance. In the public sphere, the state plays a predominant role in funding and maintaining national art collections.

International finance centres (IFCs) are frequently used to structure Russian inward and outward investment and it has been observed that in 2012, 11 of the 40 main recipients of Russian FDI were IFCs.

The AIFMD restricts its scope to the regulation of investment managers rather than underlying funds being managed.

Whilst completely separate regimes, the CRS imposes similar reporting and other obligations as are required under the US Foreign Account Tax Compliance Act or "FATCA" regime.

The BVI Financial Services Commission (FSC) has issued the Regulatory Code (Recognised Exchanges) Notice, 2015 (the Notice) under powers set out in the Regulatory Code, 2009 (the Code). The Notice is effective as of 15 January 2016.