ArticleKey Benefits Of Using BVI StructuresCompanies incorporated in the BVI are, by most measures, the most popular offshore holding structure in the worldBritish Virgin IslandsWealth ManagementHarneys
ArticleConfidentiality In The BVI And Cayman IslandsThe issue of confidentiality in offshore financial centres is high on the agenda in the financial press. British Virgin IslandsWealth ManagementHarneys
ArticlePost-Scheme Modification – An Easy GuideIn the recent decision of Moody Technology Holdings Ltd[1], the Hong Kong Court of First Instance (the "Hong Kong Court") provides useful commentary on the jurisdiction to modify...Hong KongCorporate/Commercial LawHarneys
ArticleBVI Announces Various Enhancements To Its Company Law RegimeWith over 450,000 active companies, the British Virgin Islands is the world’s most popular offshore corporate domicile. British Virgin IslandsCorporate/Commercial LawHarneys
ArticleAdministration Of Companies Incorporated Under The Companies ActBritish Virgin IslandsEmployment and HRHarneys
ArticleCayman Islands Exempted CompaniesOne of the reasons why the Cayman Islands is a leading offshore jurisdiction is the flexibility of Cayman Islands companies. The main legislation regulating the formation and operation...British Virgin IslandsCorporate/Commercial LawHarneys
ArticleSuccession Planning For Your Shares In A BVI CompanyDeath and taxes, despite our best laid plans, are still with us.British Virgin IslandsFamily and MatrimonialHarneys
ArticleBVI Guide To The European Union Savings Tax DirectiveThe Government of the British Virgin Islands ("BVI") has published a Guide outlining how the European Union Savings Tax Directive ("EUSD") is to be implemented in the Territory. More comprehensive guidelines are expected to be issued in due course.British Virgin IslandsWealth ManagementHarneys
ArticleCySEC Adopts Two Sets Of EBA Guidelines For Issuers Of Asset-referenced TokensThe Cyprus Securities and Exchange Commission (CySEC) has adopted two significant sets of European Banking Authority (EBA) guidelines aimed...CyprusFinance and BankingHarneys
ArticleMore Questions Of Standing Of Beneficial ShareholdersIn a recent decision in the case of TIPP Investments PCC v. Chagala Group Ltd. et al (BVIHCM 102/2016), Mr Justice Davis-White clarified the issue of the standing of beneficial shareholders that we highlighted in our previous article. As we had said was the likely outcome of any reconsideration of the case of Headstart Class F Holdings Ltd and another v Y2K Finance Inc (BVIHCV 278/2007British Virgin IslandsCorporate/Commercial LawHarneys
ArticleUnfair Prejudice And Beneficial Shareholders: A Confused NoiseThere are several circumstances in which a beneficial owner of shares may wish to bring an action for unfair prejudice without the participation of the legal owner of his shares.British Virgin IslandsCorporate/Commercial LawHarneys
ArticleBVI Insolvency Act UpdateSince its enactment in 2003, the Insolvency Act ("the Act") has made significant and positive changes to insolvency law in the BVI. Phillip Kite gives an update on the way some of the more important changes have been interpreted to date. For UK practitioners, there are also some thoughts on how the Act might enable a BVI company, with a BVI governed floating charge, to circumvent some of the provisions of the UK Enterprise Act.British Virgin IslandsWealth ManagementHarneys
ArticleThe Confidential Relationships (Preservation) Law: Confidentiality Legislation In CaymanA duty of confidence has been imposed by statute on certain categories of person in the Cayman Islands.Cayman IslandsWealth ManagementHarneys
ArticleEnforcing Security Over Mortgage Assets In The British Virgin Islands: The Emerging Battle GroundsThere has been a significant increase in the number of lenders enforcing against secured assets in the BVI, which has entailed an uptick in the appointment of out-of-court receivers. British Virgin IslandsCorporate/Commercial LawHarneys
ArticleReclassification Deadline Fast Approaching For Bermuda Exempt FundsFunds classified as Exempt Funds under the Investment Funds Act 2006 of Bermuda have until 3 October 2016 to be reclassified as Class A Exempt Funds or Class B Exempt Funds (the New Classes).British Virgin IslandsFinance and BankingHarneys
ArticleBVI Securities and Investment Business Bill 2010 receives its first readingThe long-awaited Securities and Investment Business Bill, 2010 (commonly referred to as "SIBA") received its first reading by the BVI House of Assembly on 18 March 2010. This follows public consultation in Summer 2009. British Virgin IslandsWealth ManagementHarneys
ArticleMergers And Consolidations Of Cayman Islands CompaniesThe Companies (Amendment) Law 2009 adopted this month in the Cayman Islands introduces a new and much-needed statutory merger regime which does not require court application or approval.Cayman IslandsWealth ManagementHarneys
ArticleLong Live The King: Why Lebron James Helps Justify Performance FeesOne of the tired narratives that you regularly hear when discussing sport is why people who throw/kick/catch a ball for a living deserve to be paid such ridiculous sums of money.British Virgin IslandsFinance and BankingHarneys
ArticleJudicial Committee Of The Privy Council Confirms That Shareholders Have A Direct Right Of Action Against A Company In Circumstances Where Shares Have Been Allotted For An Improper PurposeThe Judicial Committee of the Privy Council in Tianrui v China Shanshui has held that a shareholder has a personal right of action against a Cayman Islands company to challenge the improper issue and allotment of shares by that company's directors. Cayman IslandsCorporate/Commercial LawHarneys