Previously announced amendments to the BVI's Anti-Money Laundering (AML) regime came into force on 1 January 2016.

As the British Virgin Islands continues to play a vital role in facilitating global trade and investment, it turns its attention to helping its more than 60,000 new companies per year build a business environment where innovation can be a key economic driver.

Join us over the next nine months as Global Managing Partner William Peake sits down with each of our office managing partners to learn more about them and their jurisdictions.

Following the coming into force of the TIEA both Japan and the British Virgin Islands can exchange information in relation to tax matters within the framework of the TIEA.

Harneys recently acted for the successful claimant on an application for her costs of a discontinued strike out application which was brought by the defendants...

Join us over the next nine months as Global Managing Partner William Peake sits down with each of our office managing partners to learn more about them and their jurisdictions.

Exploring Offshore Litigation is a podcast series of our Harneys Offshore Litigation Blog written content that dives deep into the intriguing world of offshore litigation...

The BVI is well known as a jurisdiction of choice for company law due to its corporate flexibility, transactional certainty and protection for third parties dealing with BVI business companies.

In the recent decision of Taiping Trustees Limited v Valley Stone Industry Fund Ltd, the Cayman Islands Grand Court provided a timely reminder that public policy factors should not be taken into account.

An update was released recently by the Cayman Islands Department of International Tax Cooperation in relation to the status of the Cayman Automated Exchange of Information Portal.

On Monday, 5 December, the Government announced the results of the consultation on the proposed reforms to the taxation of non-domiciles.

The Order is effectively subsidiary legislation to the BVI's Mutual Legal Assistance (Tax Matters) Act 2003 (the MLAT). The Order was made on 20 March 2024 and was Gazetted and came into force on 28 March 2024.

On 14 July 2015, the Joint Comprehensive Plan of Action was welcomed by China, France, Germany, the Russian Federation, the UK and the United States of America...

On 18 January 2024, the BVI Financial Services Commission, in accordance with regulatory requirements, published Circular 2 of 2024 to remind all regulated persons under various...

Because of levels of economic turmoil not seen for nearly a century, some secured creditors have been taking a slightly fresh approach in relation to realisation of their security in the event of a default.

On 20 September 2016, the BVI Commercial Court clarified the question of whether the BVI Insolvency Act 2003 provided a basis for liquidators to draw fees on account before having formal approval...

The Cayman Islands Monetary Authority (CIMA) recently issued important updates regarding financial sanctions.

On 22 February 2024, the Commission de Surveillance du Secteur Financier (CSSF) revised its FAQ on Virtual Assets for Undertakings for Collective Investment...

The Cayman Islands Ministry of Public Finance has reported that the jurisdiction has retained its very high "Aa3" rating from Moody’s, one of the world’s foremost financial rating agencies.

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.