There is no express power conferred by the BCA upon a BVI company or its directors which would permit them unilaterally to 'correct' any entry in the register of members.

A recent judgment from the BVI Commercial Court is a further example of the court's swiftness to exercise its jurisdiction in respect of BVI companies listed on US exchanges.

BVI Economic Substance (Companies and Limited Partnerships) Act, Beneficial Ownership Secure Search System Act and Related Rules and Regulations...

Walkers is pleased to confirm that the new BVI Limited Partnership Act, 2017 (the "LPA") is now in force and theRegistry of Corporate Affairs is accepting the registration of limited partnerships...

Given the increased scrutiny applied to offshore entities in the current global climate and the introduction of regulatory requirements such as economic substance regimes, beneficial ownership reporting …

In unanimously dismissing the appeal, the Board found that in determining whether payments had been made for an improper purpose, on the facts general purpose could not be separated...

A recent application to the British Virgin Islands courts has sought to blur the lines between directors’ general duties to act for the benefit of an insolvent company’s creditors, and the statutory clawback associated with unfair preferences entered into in the twilight period prior to a company going into liquidation.

The Trusts (Amendment) Law 2016 (the Amendment Law) was gazetted on 23 November 2016 and has amended and modernised the current Cayman Islands Trusts Law (2011 Revision).

The background facts were quite complex, but in essence they revolved around an oral agreement which was entered into between Mr Varma on the one hand, and several members of the Mahtani family on the other.

Under BVI law, directors have wide ranging powers to act on behalf of a BVI company without the need to obtain separate member approval.

The Bermuda Commercial Court has provided guidance as to the considerations it will take into account when deciding the identity of the JPLs.

Most financing transactions require a legal opinion where the BVI entity is a borrower, is providing some type of security or guarantee, or is involved in other complex funding arrangements.

The European Securities and Markets Authority (ESMA) has published three Consultation Papers proposing simplification of the Prospectus Regulation.

First is the welcome news that execution requirements in relation to BVI law governed deeds will be clarified.

Amendments to the BVI Business Companies Act in the British Virgin Islands ("BVI") have increased the focus on the role of the voluntary liquidator in the jurisdiction.

A BVI company can grant security over its assets in any manner permitted or required in the local jurisdiction where such assets and/or tangible moveable property are located.

BVI Financial Services Commission (FSC) has issued a reminder to BVI companies whose financial year is a calendar year that the 9-month extension for filing initial annual financial returns (annual returns)...

The principles of English common law and equity form part of British Virgin Islands (BVI) law and would be applied by the BVI's courts, except to the extent that they have been modified by statute.

British Virgin Islands ("BVI") companies now have to file an annual return with their registered agent setting out certain financial information, unless they are exempt.

Whilst many individuals are aware of the importance of succession planning to preserve continuity and stability in the transfer of assets upon death, such planning is often hindered by concerns over the high cost of establishing a robust trust structure.