934 results found

British Virgin Islands ("BVI") companies must file an annual financial return with their registered agent setting out certain financial information for their 2023 financial year onwards, unless they are exempt.

The renowned BVI Business Companies Act which came into effect 2005 and modernised the BVI corporate law regime promulgated under the earlier International Business Companies Act of 1984...

The BVI Business Companies Act, 2004 (as amended) (the "Act") and its predecessor statute have long recognised that companies which incorporate in one jurisdiction may benefit from the...

In the BVI, the process by which a company changes its nationality or place of registration is called a continuation. It is also commonly referred to as a migration or re-domiciliation.

The Partnership Act, 1996 and the Mutual Legal Assistance Amendment Act 2003 set out a number of on-going administrative and record-keeping obligations with which all partnerships incorporated in the British Virgin Islands must comply.

It is not unusual for a BVI company to have a single shareholder and a single director. It is not uncommon for that shareholder and director to be an individual, and for that individual to be both...

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

In two decisions from the British Virgin Islands, Fang Ankong and ors v Green Elite Limited and Arrowcrest Ltd v JSC VTB Bank, the Eastern Caribbean Court of Appeal clarifies the application...

The Court of Appeal has recently ruled in BTI 2014 LLC -v- Sequana SA & Ors [2019] EWCA Civ 112 that an otherwise lawful dividend may still be found to be a transaction defrauding creditors.

In this series of articles we consider two of the more common requests we see in terms of fund structuring options: Multi-Class Funds, and Hybrid Funds.

Throughout 2022, the British Virgin Islands (BVI) has remained one of the most significant international jurisdictions. According to the latest BVI Financial Services Commission...

The British Virgin Islands (BVI) has for some time been among the top five offshore jurisdictions in the world for the domiciliation of captive insurance vehicles.

Walkers has secured a further victory for its client, Ms. Zhao Long, in a complex dispute regarding the ownership of shares in a significant PRC pharmaceutical company in a further judgment of the British Virgin Islands...

A BVI Court case examines whether a publicly traded company can be restrained from redomiciling to another jurisdiction when allegations of fraud and control by interested parties threaten to render enforcement of potential claims impossible. The proceedings reveal the complex interplay between corporate independence, jurisdictional authority, and the protection of alleged fraud victims in offshore litigation.

The Hong Kong Court has held that a shareholder in a BVI company seeking to bring a derivative claim in Hong Kong must first obtain the permission of the BVI Court.

In a recent judgment, which was heavily critical of the claimant bank, the BVI Commercial Court has set aside an order obtained ex parte permitting service on non-BVI resident defendants of a fraud claim out of the jurisdiction.

In Sian Participation Corp. (In Liquidation) –v- Halimeda International Limited BVIHCMAP2021/0017 ("Sian"), the Eastern Caribbean Court of Appeal again had occasion to consider...