Several updates have been provided in recent months, regarding significant legislative changes in the BVI.

The fees charged to BVI Business Companies by the Registry of Corporate Affairs are to increase following the first substantive review since the BVI Business Companies Act came into force in 2005.

Recent cases out of the British Virgin Islands Commercial Court deal with issues including third party costs and the applicability of Black Swan freezing relief in support of foreign derivative claims.

In the recent case of FHL v LTC & 5 others BVI HC (COM) 2020/0048 the BVI Commercial Court granted a wider Norwich Pharmacal relief, requiring disclosure not only from several Registered Agents...

The BVI has announced amendments to its Anti-Money Laundering (AML) regime in order to ensure continued compliance with developing international standards on transparency and AML regimes.

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

Green Elite's predominant purpose, was to compensate key employees of the business.

The British Virgin Islands (BVI) is enhancing its anti-money laundering regime, bringing it in line with international standards on transparency.

On 29 January 2016, the BVI Business Companies (Amendment) Act, 2016 (the "2016 Amendment Act"), was passed into law, retroactive to 15 January 2016.

Every company lawyer is taught from an early stage that a director owes their duties to the company, and not to the shareholders or any individual shareholder.

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...

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 BVI Government has enacted a measure which exempts various categories of people from the need to obtain work permits.

Further to the update we sent in late October regarding the enhancement of the anti-money laundering regime in the British Virgin Islands...

The new section 118B of the BVI BCA requires that a copy of a company's ROD be filed with the Registrar.

A frequent part of Walkers' practice in the Finance Group involves reviewing the register of directors ("ROD") of BVI companies to verify who can authorise those companies to participate in various transactions.

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

This concise guide discusses the Cayman Islands Companies Law requirements relating to the registration of security interests over the assets of a Cayman Islands exempted company.

For over three decades, it has been common practice for high net worth individuals to hold their wealth via shares in British Virgin Islands ("BVI") business companies.

First, there have been amendments to the BVI Business Companies Act, 2004 ('BCA') which provide for the filing for registration by the Registrar of Corporate Affairs ('Registrar') of copies of a company's register of members and register of directors.