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New rules for companies incorporated, and investment business managers licensed, in the British Virgin Islands took effect in late 2012.

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

Contracting parties embark upon joint ventures and enter into shareholders agreements in many instances without fully understanding the consequences of their contractual arrangements.

The issue of confidentiality in offshore financial centres is high on the agenda in the financial press.

The BVI Business Companies Act 2004 (the "New Act") repealed the International Business Companies Act (the "Old Act") with effect from 1 January 2007. Since 1 January 2006, all British Virgin Islands companies (the "New Act Companies") have been incorporated as business companies under the New Act.

Companies that have been incorporated in other jurisdictions may be permitted to change their jurisdiction of incorporation to the British Virgin Islands ("BVI")...

The British Virgin Islands’ Securities and Investment Business Act 2010 ("SIBA") has revolutionised the jurisdiction’s regulatory regime.

Delaware is the second smallest state in the United States of America. It is also the leading corporate domicile and company law jurisdiction.

A discussion on the possibility to establish a Private Trust Company in BVI, which may act as trustee of trusts without the need to obtain a BVI trust licence as long as certain conditions are satisfied.

On the stroke of midnight on 31 December 2009, all bearer shares not deposited with an authorised or recognised custodian or converted into registered shares were disabled.

The Financial Services Commission (FSC) is charged with regulatory issues whilst the BVI International Finance Centre handles promotional initiatives, and media relations.

The office of the Registrar of Corporate Affairs in the British Virgin Islands has responsibility for the incorporation, striking off and restoration of companies to the Register of Companies.

Walkers is interested to note that businesses have been increasingly taking advantage of the statutory provisions relating to mergers in the BVI. These provisions are set out in the BVI Business Companies Act, 2004 (as amended).

Over the last five years, the British Virgin Islands (BVI) has introduced new provisions that will be of particular interest to corporate groups worldwide that contain one or more of the hundreds of thousands of BVI companies in existence.

Rights issues are utilised by many companies as a means of raising finance and capital either to boost an ailing balance sheet or to fund an acquisition and promote growth without having to take on any further debt commitments with third party lenders.