Unfair prejudice claims are commonplace in the British Virgin Islands (BVI) following the introduction of bespoke provisions in the BVI Business Companies Act 2004...

On 26 November 2024, the British Virgin Islands Financial Services Commission (FSC) and Financial Investigation Agency (FIA) jointly issued new guidance titled "Effective Enhanced Customer Due Diligence Measures".

On 24 January 2025, the BVI Financial Services Commission (FSC) and the Financial Investigation Agency (FIA) issued new guidance to enhance how financial institutions...

On 13 December 2024, the BVI Financial Services Commission (FSC) notified the industry that the transfer of beneficial ownership information to the FSC's Registry of Corporate Affairs would begin from 2 January 2025.

The BVI and Cayman are often referred to as "tax neutral" and you might have been told that, for this reason, it would be advantageous to establish your fund in either jurisdiction.

A spotlight has been shone in recent years on the wellbeing and mental health of legal professionals, and rightfully so. Being a legal professional is a stressful job that is often...

In a significant ruling, His Honour Justice Johns KC determined that when calculating equitable compensation, proprietary claims and recoveries made from third parties should be taken into account.

The US Internal Revenue Service made provision for Financial Institutions in jurisdictions that have already reached an "agreement in substance".

The Government of the British Virgin Islands has recently enacted two revenue-increasing measures. One raises the tax on alcohol and tobacco, and the other on hotel accommodation.

The BVI Government has signed a Model 1B Intergovernmental Agreement in relation to the US Foreign Account Tax Compliance Act.

Harneys is pleased to report the appointment of Malcom Davis-White QC as a Commercial Court Judge for the Michaelmas Term 2016. He is a leading silk with wide ranging commercial experience...

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.

The British Virgin Islands has long been hailed as a leading offshore jurisdiction for wealth management and asset protection amongst Latin American high net worth families and individuals.

I have had the distinct honour and pleasure of being invited to speak at two excellent conferences recently.

New ground was broken last December in the British Virgin Islands when what is believed to be the first scheme of arrangement procedure under the BVI Business Companies Act, 2004 (BCA) was completed.

In the case of In the Matter of Orient TM Parent Ltd (Unrep, Grand Court, 27 July 2022), the Grand Court of the Cayman Islands dismissed with indemnity costs the petitioners...

Securities investment business in or from the Cayman Islands is regulated by the Securities Investment Business Law (Revised) (SIBL).

Brian Sapadin, Executive Director of GlobeTax, discusses the benefits of tax reclamation and the opportunities presented by the new Cayman LLC draft legislation.

They've been talked about for a while by our bloggers and contributors but the moment has now come for the Cayman LLC, which has been available for registration since 13 July...

In the last three months of 2008, fund managers in many different sectors were forced into gating or suspending redemptions by the turmoil in the financial markets, restrictions on certain investment activities and the Lehman bankruptcy.