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A great deal of global wealth, particularly wealth in the Asian and MENA regions, is held through British Virgin Islands ("BVI") business companies.

British Virgin Islands ("BVI") business companies are often used for private wealth structuring purposes. However, where the shares in a BVI business company are registered...

The British Virgin Islands has recently introduced a substantial number of reforms in relation to trusts and estates.

BVI has recently introduced bills to amend the current Trustee Act (the TA), the current Virgin Islands Special Trusts Act (VISTA), the current Probates (Resealing) Act (the Resealing Act) and the...

For many settlors, particularly those from non-trust jurisdictions or from family backgrounds in which well-administered trusts do not feature[1].

The British Virgin Islands ("BVI") have now passed, and brought into effect, significant and welcome changes to its trusts and probate legislation.

The Virgin Islands Special Trust Act, 2003 (VISTA) was enacted to make special provision for trusts of shares in companies and for related matters.

One sometimes comes across provisions in trust deeds and other trust documentation which refer to the underlying assets of companies, the shares of which are held by the trustee of the trust. Similarly, on occasions.

The need to take care when schedules are included in trust instruments...

Only rarely would it be advisable to include a reference to the settlor's letter or memorandum of wishes in a trust instrument.

Trust practitioners will be all too familiar with the fact that, in recent years, there has been a significant increase in judgments issued from onshore jurisdictions that creditors seek to enforce...

A trust is a legal relationship created when a person places assets under the control of another person for the benefit of beneficiaries or a specific purpose.

On 1st March 2004, the Legislative Council of the British Virgin Islands (the BVI) introduced the ground-breaking Virgin Islands Special Trusts Act, 2003 (the Act).

O'Neal Webster is pleased to confirm that the British Virgin Islands Government has introduced some cutting-edge reforms in relation to the ability of the court to vary BVI trusts without the...

Cuando pensamos en cómo gestionar nuestro patrimonio y asegurar que los bienes se transfieran de forma sencilla, la planificación patrimonial se vuelve imprescindible, especialmente si tienes acciones en sociedades de las Islas Vírgenes Británicas (BVI) o activos en el extranjero.

On 25 October 2013 the States of Jersey introduced never before seen statutory provisions which seek to clarify, as a matter of Jersey law, the existence and nature of the Hastings-Bass principle and the doctrine which allows the partial or complete set-aside of dispositions of property into trust and the exercise of trust powers which are made under a 'mistake'.

This note considers the need, when preparing wills disposing of shares in BVI companies, to take into consideration issues arising from the succession laws of the jurisdiction in which a person...

In the October 2016 edition of our dispute resolution and insolvency bulletin we will be focusing on six recent cases from the BVI Court of Appeal and BVI Commercial Court.