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

The first quarter of 2007 has been a very good one for the BVI. On the back of a continued golden period for much of the global economy, the BVI continues to boom. The Financial Times Special Report on the BVI, which was published on 9 March, paid a glowing tribute to the way in which the BVI has continued to develop and position itself.

In response to the requirements of the European Union ("EU"), the BVI has recently enacted the Securities and Investment Business Act, 2019 and the related Private Investment Funds Regulations, 2019.

From 1 January 2023, under amendments to the British Virgin Islands ("BVI") Business Companies Act (As Revised) (the "Act") in the BVI, at least one of the voluntary liquidators appointed by BVI companies...

The British Virgin Islands Financial Servcies Commission (FSC) today announced an extension to the transition dates under the new Securities and Investment Business Act, 2010 ("SIBA") and Mutual Funds Regulations, 2010 (the "Regulations").

Modern day company law has largely moved away from the concept of "ultra vires" which sought to limit the ability of a company to enter into transactions outside its stated objects.

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

This briefing provides an overview of the British Virgin Islands restricted purposes company, a vehicle specifically designed for securitizations and other transactions where an insolvency-remote vehicle is required.

One of the great attractions of the British Virgin Islands ("BVI") as a jurisdiction for structuring finance transactions is the simple yet thorough security registration regime applicable to BVI companies.

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.

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

After much anticipation, the British Virgin Islands ("BVI") enacted the Securities and Investment Business Act, 2010 on 12 April 2010 ("SIBA").

The British Virgin Islands (BVI) has long been a significant player in the Asian market. In 2025, the BVI continues to evolve, driven by regulatory changes, new opportunities for funds, its growing role as a hub...

One of the most important issues in relation to a company being accepted for listing purposes on international stock exchanges is that of shareholder protection.

Shipping business in the BVI is fast developing, and it is important to understand some critical elements, being financing and taking of security.

The British Virgin Islands investment funds sector demonstrates continued resilience with sustained growth in Approved Funds and Private Investment Funds, while the Approved Investment Manager regime maintains strong momentum with 1,337 active managers as of Q1 2026.

The Securities and Investment Business Act, 2010 (SIBA) was brought into force in the British Virgin Islands (BVI) on May 17, 2010 (other than Part II dealing with the public issue of securities).

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.