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Companies limited by guarantee are often used for non-profit organisations, particularly companies limited by guarantee that are not authorised to issue shares.

With the 4 October deadline approaching to initiate the liquidation of a company in the British Virgin Islands (BVI), you need to act now. Read on for a guide from our expert.

This update considers the practical consequences for existing BVI companies and limited partnerships which have not yet submitted their filings and actions they should now be taking.

Introduction The British Virgin Islands (BVI) has introduced sweeping changes to its corporate legislation through the BVI Business Companies (Amendment) Act 2024, effective from 2 January 2025.

A BVI Court of Appeal decision clarifies the threshold for obtaining leave to bring derivative claims, examining whether directors' indemnity provisions in company articles can shield against shareholder derivative actions. The judgment addresses critical questions about the scope of statutory indemnities, the evidentiary burden required for fraud allegations, and whether shadow directors fall within BVI's statutory definition.

Presents come in all shapes and sizes, and some are more gratefully received than others. Shiny and exciting gifts may lose their lustre, yet items which were not expected, or even asked for, may...

Offshore companies, particularly those incorporated in the British Virgin Islands (BVI) or the Cayman Islands, are commonly used as vehicles to purchase and hold UK real estate.

With effect from 1 January 2023, all companies incorporated or registered in the British Virgin Islands (Companies)...

Many BVI companies have only one director/shareholder.

An overview of the disposition of assets by a BVI company under section 175 of the BVI Business Companies Act.

The global COVID-19 pandemic, together with the longer-term move towards online shopping and pressures on the UK high street, continues to have a significant negative impact on the UK commercial real estate market.

The English Court of Appeal in Satyam Enterprises Ltd v Burton [2021] EWCA Civ 287 has recently followed the Privy Council's decision in Ciban Management Corporation v Citco (BVI)...

BVI companies are flexible and low cost vehicles which can be tailored to meet the specific requirements of their members and their proposed purposes...

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...

M&A activity involving a British Virgin Islands company is principally regulated under Part IX of the BVI Business Companies Act, 2004 (as amended, the "Act").

For years, the BVI Business Companies Act has provided an attractive and appropriate vehicle to hold property in the BVI and abroad, many finding it a particularly useful strategy in estate planning.

The Privy Council has upheld changes to a BVI company's Articles of Association, despite these changes being motivated by a desire to exclude a minority shareholder.