934 results found

The British Virgin Islands (BVI) Court tightens up on creditors raising spurious disputes and relying on arbitration clauses to avoid insolvency

A Chabra injunction is a powerful weapon which can substantially enhance the scope of assets which a claimant can ring-fence. Here, Carey Olsen's Jeremy Lightfoot, Richard Brown and Catie Wang...

The BVI Commercial Court, which was established last May, has handed down an important decision on the status of a redeemed shareholder and the application of Section 197 of the Insolvency Act 2003 to the investor’s status.

BVI companies are owned by their shareholders and the directors act as the shareholders’ agents in being responsible and given the powers for the day to day running of the company.

This industry update looks at two options which are available when a solvent, dormant British Virgin Islands ("BVI") company is no longer needed: a formal members' voluntary...

A reverse takeover (RTO) is a transaction by which a publicly traded company acquires all the shares of a target company that has an operating business, but whose shares are privately held.

The British Virgin Islands (BVI) has introduced a new regulatory regime for the recognition of private investment funds.

Who would want to be a start-up hedge fund manager? Simon Schilder, partner at Ogier in Jersey, and TEAM BVI UK member with BVI Finance, examines the challenges facing the next generation…

In this article David Harby and Dave Marshall outline the findings of the Eastern Caribbean Supreme Court's (the "Court") Court of Appeal in Greater Sail Limited v Nam Tai Property Inc,...

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...

For many companies incorporated in the British Virgin Islands (BVI), the first deadline for reporting on economic substance (ES) compliance was 29 December 2020

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.

BVI entity can be either incorporated as a segregated portfolio company or if already incorporated, registered as such by the Registrar.

The Amendments incorporate a number of significant changes to the BVI Business Companies Act (as revised)(BCA), including introducing requirements on BVI companies...

The importance of the statutory demand in BVI insolvency law and practice is derived from section 2 of the Insolvency Act, 2003 (the "Act") where "insolvent" ...

A British Virgin Islands court has sanctioned a liquidator's application for a blended fee remuneration, including a percentage of revenue from assets sold...

A summary of possible BVI legal issues for various planning options, following the UK government announcement relating to the removal of residential property from corporate structures.