Winding up proceedings brought on just and equitable grounds relating to BVI companies will not be caught by an exclusive jurisdiction clause contained in a shareholders agreement.

Segregated Portfolio Companies (SPCs) are well recognised and widely used corporate vehicles, and the BVI is seeing increasing demand for them in the funds context.

The High Court in the BVI is often called to adjudicate upon applications for stays on forum non conveniens grounds. In a recent case, Febvre Company Limited v Grape Expectations SA, the Court had to consider, it seems for the first time, the issue of whether it was appropriate to stay on forum non conveniens grounds a claim for rectification of the share register of the defendant BVI company (represented by Harneys).

In early 2016 popular opinion on the utility and function of offshore centres (OFCs) or, to use the more inflammatory term, tax havens, must be close to an all-time low.

It is important to note that even though the board of directors of a fund ordinarily delegate responsibility to manage the fund's investments to investment managers, ...

It should be stressed that new companies are largely unaffected by the decision, since they are expressly permitted by the Law to deal with the issue in the drafting of their articles.

The BVI Government recently enacted a new revenue-increasing measure which raises the fees for annual and temporary work permits...

The British Virgin Islands Financial Services Commission (BVI FSC) has signed a multilateral Memorandum of Understanding (MoU) between members of the Group of International Financial Centre Supervisors.

The Organisation for Economic Co-operation and Development recently published a report in which the Cayman Islands was commended for the "streamlined, efficient and responsive procedures it has is in place to facilitate the exchange of information for tax purposes".

The Court of Appeal of the Eastern Caribbean Supreme Court handed down an important ruling on the question of where investors stand in the "waterfall" of distributions in the liquidation of investment funds under British Virgin Islands law.

The petitioners, who are two minority shareholders of a Cayman Islands company, relied on alleged difficulties with service in the PRC under the Hague Service Convention (the Convention).

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...

Following lengthy discussions with the UK authorities, the Cayman Islands Government has now approved new legislation to introduce beneficial ownership registers for certain Cayman Islands companies...

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...

On 3 March 2017 the Cayman Islands Department for International Tax Cooperation (DITC) announced that the 2017 deadlines for notification and reporting obligations under the Common Reporting Standard regulations will be extended by two months.

This week the BVI Court issued important guidance as to how shares should be valued following a squeeze-out, merger or dissent from other restructuring provisions.

The well-established Ralli Bros principle is an exception to the general rule that the enforceability of a contract governed by English law is determined without reference to illegality under foreign law.

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

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 International Tax Authority (ITA) of the British Virgin Islands has today announced the issue of Version 2.0 of the Guidance Notes on the International Tax Compliance Requirements...