In addition to the ground-breaking reforms relating to the variation of trusts, reserved powers and the ‘firewall' provisions in the Trustee Act, each of which are covered elsewhere...

O'Neal Webster is pleased to announce that the 'firewall' provisions in the BVI's Trustee Act are now to be made more robust as a result of amendments to section 83A of the Trustee Act which to...

Ship arrest is a legal mechanism whereby a ship can be detained as security for a claim pending the outcome of court proceedings.

The Government of the Virgin Islands has amended the Commercial Recreational Vessels Licensing Act, 1992 (the CRVL), the Cruise and Home Port Permit Act, 2001...

Many prospective settlors, especially those from jurisdictions or family backgrounds in which trusts do not feature, the establishment of a lifetime trust can involve a rather significant leap in the dark.

The Virgin Islands Shipping Registry continues to make strides in engaging the international community, placing the British Virgin Islands at its core. In the past decade, the BVI has become...

The renowned BVI Business Companies Act which came into effect 2005 and modernised the BVI corporate law regime promulgated under the earlier International Business Companies Act of 1984...

Shortly after the International Business Companies Act (IBC Act) came into force in 1984, the British Virgin Islands (BVI) became one of the world's most utilised jurisdictions...

The British Virgin Islands ("BVI") remains one of the largest offshore domiciles in the world.

The British Virgin Islands has recently introduced a substantial number of reforms in relation to trusts and estates.

Insurance Code of Conduct for BVI domestic insurers, insurance intermediaries, and loss adjusters to take effect July 6, 2021...

The tokens may also be exchanged for other well-known cryptocurrencies such as bitcoin or ethereum.

In high-value divorce litigation, certain matrimonial assets held in offshore vehicles and structures are commonly unaccounted for.

For many settlors, particularly those from non-trust jurisdictions or from family backgrounds in which well-administered trusts do not feature[1].

The BVI Business Companies Act, 2004 (as amended) (BVIBC Act) is the flagship corporate legislation regulating BVI companies.

In 2023, it was estimated that the value of assets under management by hedge funds was in the region of US $5 trillion. Increasingly, offshore jurisdictions such as the British Virgin Islands...

One sometimes comes across provisions in trust deeds and other trust documentation which refer to the underlying assets of companies, the shares of which are held by the trustee of the trust. Similarly, on occasions.

The acquisition, holding and transfer of BVI property, is regulated by the Registered Land Act, and for persons who are not citizens, also by the Non Belonger Landholding Regulation Act.

The need to take care when schedules are included in trust instruments...

Only rarely would it be advisable to include a reference to the settlor's letter or memorandum of wishes in a trust instrument.