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A recent application to the British Virgin Islands courts has sought to blur the lines between directors’ general duties to act for the benefit of an insolvent company’s creditors, and the statutory clawback associated with unfair preferences entered into in the twilight period prior to a company going into liquidation.

The background facts were quite complex, but in essence they revolved around an oral agreement which was entered into between Mr Varma on the one hand, and several members of the Mahtani family on the other.

AIFMD. Love it or loathe it – and let's face it, it's not the most popular law – the Alternative Investment Fund Managers Directive (AIFMD) has changed the way that alternative funds are marketed to investors in Europe.

Whilst you may think that this is more than enough excitement for a bunch of bloggers, we also decided to pop over to Las Vegas earlier this month to take part in a variety of funds industry driven events.

Why use "offshore" structures for these types of fund vehicles in the first place if there is not a "tax" angle to it?

The BVI Government announced this week that the Customs Duty exemption period will expire on March 31, 2018.

Following the Black Swan decision the British Virgin Islands (BVI) Court has exercised a power to grant free-standing injunctions to safeguard assets in support of foreign proceedings.

In a recent decision, the BVI High Court examined the rules on stay applications in breach of contract claims and/or breach of fiduciary duty arising out of a contract.

In a recent decision of Wycliffe Baird v David Goldgar and another, the Court of Appeal of Saint Christopher and Nevis has confirmed the position that an appeal can be struck out or dismissed...

The BVI Government recently enacted two measures regarding the charter boat cruising permit fees that each charter boat must pay while carrying paying passengers in the Territory.

The British Virgin Islands Financial Services Commission (the “FSC”) has made significant changes to the BVI’s Anti Money Laundering and Terrorist Financing Code of Practice (the “Code”) impacting upon all BVI entities and professionals and further modifying the Code’s effects on BVI mutual funds and fund managers and administrators.

On 10 January 2025, the Cayman Islands Monetary Authority (CIMA) published a circular reaffirming its dedication to enhancing the stability and resilience of the Cayman Islands' financial sector.

For slightly over 400 years most common law jurisdictions have laboured under the strictures of the decision of Sir Edward Coke in Pigot's Case.

Unregulated investment funds and some insurance entities in the Cayman Islands have been given a grace period until 31 May 2018 to establish anti-money laundering compliance programs ...

In March 2024, the Cayman Islands' Department for International Tax Cooperation (DITC) issued a bulletin containing important updates regarding the Common Reporting Standard (CRS)...

On 4 April 2024, the Cyprus Securities and Exchange Commission (CySEC) published Circular C628 informing all entities under its supervision of the following...

The Ministry of Finance and the Central Bank of Cyprus announced on 30 July 2013 that the Bank of Cyprus has been fully recapitalised by the overall conversion of 47,5% of uninsured deposits into shares in the bank, thus putting an end to a period of uncertainty.

The political and economic rollercoaster ride we've been on here in the UK since the EU referendum in June seems set to continue following Thursday's High Court judgment in London