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In late 2015, after nearly a decade of consultation and back-and-forth, the BVI passed into law a new Legal Profession Act (LPA) regulating inter alia admissions and practice.

The long-anticipated BVI International Arbitration Centre is expected to open next month, providing arbitration services in multiple languages from within the British Virgin Islands.

On 11 May 2017, the British Virgin Islands (BVI) published its list of Reportable Jurisdictions for the Common Reporting Standards (CRS).

The British Virgin Islands is by far the leading offshore incorporation jurisdiction with over 450,000 active business companies.

Walkers Partners Rosalind Nicholson and John O'Driscoll and associate Cate Barbour acted for the successful defendants in an important case.

Maples and Calder represented both parties to a successful application brought by a retiring security agent and trustee, under an English law governed facility agreement, for an order under section 52 (1) (a) of the BVI Trustee Act vesting in the incoming security agent and trustee, ..

The UK government has welcomed the Bri6sh Virgin Islands' commitment to crea6ng a publiclyaccessible register of company ownership by 2023.

The British Virgin Islands Financial Services Commission (FSC) has announced additional services at the Registry of Corporate Affairs to improve service levels, with effect from November 2015.

On 15 March 2013 the representatives of the Republic of Cyprus met with other members of the Eurogroup, the informal body comprising the finance ministers of the 17 member states of the eurozone, to reach an initial agreement for the sovereign bail out of Cyprus.

If you want to de-register a BVI fund by cancelling its certificate of recognition, the chances are things haven't gone as planned.

The BVI funds market sees a huge variety of structures and investment managers from all over the world who seek a domicile that provides stability.

In the recent decision of Kenneth Krys and Joanna Lau (as Joint Liquidators of Fairfield Sentry Limited in Liquidation) and Stichting Shell Pension Funds, HCVAP 2011/036, the ECSC Court of Appeal provided some clarification of its decision in Westford Special Situations Fund Limited v Barfield Nominees Limited et al HCVAP No. 14 of 2010.

The BVI has a modern, sophisticated, well respected legal system, based on English common law, which makes it well placed to accommodate disputes involving BVI entities.

In Garkusha v Yegiazaryan and Ors (BVIHCMAP 2015/0010), the full Court of Appeal held that the fees of foreign lawyers not licensed under the Legal Profession Act 2015 (the Act) are not recoverable in a costs assessment.

The BVI court has jurisdiction to grant "stand-alone" injunctions in support of foreign proceedings.

Walkers acts for the respondents to an ex parte order made under the Black Swan jurisdiction, which permits certain preservative orders to be made in support of foreign proceedings.

Recently in the BVI the recoverability of the fees of foreign lawyers from opposing parties has been the subject of both judicial and legislative concern.