Harneys has recently acted for a client in a successful court approved arrangement under section 82 of the International Business Companies Act (Cap. 291) (the "Act"). Importantly the arrangement offered significant benefits to a client with a complex corporate transaction that it wished to put in place. The primary benefit in this case was the ability to seek exemption of exchanged securities from registration under the US Securities Act of 1933, as amended (the "Securities Act&q

A new system for registering security over aircraft and aircraft engines recently came into force in the BVI.

Corporate guarantees are commonly provided by British Virgin Islands (BVI) companies. The BVI statutory regime makes the provision of such guarantees simple and efficient.

The British Virgin Islands (BVI) is home to more than 416,000 active companies. This article considers the benefits of using a BVI company in financing transactions.

The Securities and Investment Business Act, 2010 ("SIBA") came into force in May 2010. It heralded the biggest change to the BVI investment funds legislative framework since the Mutual Funds Act, 1996 came into force.

Like a low budget horror film, the "Alfa v Cukurova" litigation seems to have an inexhaustible supply of sequels.

Thinking of buying or selling a home in the British Virgin Islands?

On 22 April 2008 the Eastern Caribbean Court of Appeal handed down its decision in Alfa Telecom Turkey Limited v Cukurova Finance International Limited, reversing the original decision of the British Virgin Islands High Court.

Following execution of the security document(s), the secured party will want to ensure that particulars of the security are filed with the Registrar of Corporate Affairs in the British Virgin Islands (the "Registrar").

The recently enacted Securities and Investment Business Act, 2010 ("SIBA") of the British Virgin Islands ("BVI") will come into effect on 17 May 2010.

The trust has always been regarded as one of the best "succession vehicles," but its use to cater for the succession of shares in companies has historically been impeded by a rule of English trust law (the "prudent man of business rule") which is designed to help preserve the value of trust investments.

Security over the shares of a BVI company will typically be either by way of mortgage (which may be legal, although usually equitable) or charge.

The British Virgin Islands ("BVI") is home to over 416,000 active companies. This article considers the benefits of using a BVI company in financing transactions.

How to enforce Security in the BVI out of court will depend on your Security type. For this guide, we focus on the out-of-court enforcement of Security granted over shares in a company.

In the British Virgin Islands, a ship mortgage is recognized as a charge or encumbrance attached to a vessel as security, guaranteeing the ship owner's obligations as mortgagor...

The long-awaited Securities and Investment Business Bill, 2010 (commonly referred to as "SIBA") received its first reading by the BVI House of Assembly on 18 March 2010. This follows public consultation in Summer 2009.

Entering into security financing transactions with BVI Business Companies (BCs) is a familiar part of the global financial services landscape.

After much anticipation, the BVI has enacted the Securities and Investment Business Act, 2010.

Every so often there are historic moments for trust lawyers. One such moment was when Lord Walker handed down the decision of the Privy Council in Schmidt v Rosewood and another was that on which the Cayman Islands’ ‘STAR trusts’ law came into force.

Following the completion of an industry consultation, the Securities and Investment Business Act, 2010 ("SIBA") came into force in the British Virgin Islands ("BVI") on 17 May 2010.