Despite initial plans to launch the payment component in January 2024, unforeseen circumstances have led to a delay in its deployment. During this period, users are urged...

Harneys has recently acted for a client and obtained an order from the BVI High Court for the appointment of a liquidator over a re-insurance company under the BVI Insolvency Act.

On 7 March 2024, the British Virgin Islands Cabinet announced the expansion of the list of exemptions to obtaining a work permit in the territory.

The International Tax Authority (ITA) of the British Virgin Islands has released templates for Individual and Entity Self-Certification Forms under US and UK FATCA. Copies can be found on the BVI Government's website.

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.

So far more than 50 parties, both local and foreign, have filed recourse proceedings in the Cyprus Supreme Court based on the resolution measures agreed by the Eurogroup and the Republic of Cyprus.

On 26 March 2024, Directive (EU) 2024/927 (AIFMD II) amending the Alternative Investment Fund Managers Directive 2011/61/EU (AIFMD) and the Undertaking for Collective Investment...

It is common ground that Hong Kong is a major international arbitration hub in Asia, and its role will only become ever more important given the advantages in enforcing Hong Kong arbitral awards in Mainland China.

The Financial Services Commission Act 2001 was amended by the Financial Services Commission (Amendment) Act 2017 (the Amendment) on 1 May 2017.

The British Virgin Islands International Tax Authority has launched its BVI Financial Account Reporting System.

Last month I joined several of my Cayman colleagues in the bright lights of New York for the Funds Finance Association's snappily named 6th Annual Global Funds Finance Symposium. And yes – we did remember to pack our thermals!

The court has now reaffirmed its earlier decision by ordering the final winding up of the company.

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

One of the aims of the BVI Insolvency Act (“the Act”) is to bring certainty to the insolvency regime in the BVI, including time limits for compulsory winding up procedures. In two recent cases the High Court gave a clear message that time limits will be strictly applied, even where this means a BVI company is then subject to a liquidation order.

On the 12 February 2023, the EU Council has decided to regulate the handling of assets belonging to the Central Bank of Russia which are immobilised due to EU sanctions.

Effective 1 January 2025, the Cayman Islands Monetary Authority (CIMA) and General Registry have implemented updated government fees for various services.

I had the pleasure of being interviewed by Hedgeweek recently regarding the success of the BVI's two new funds products focused at the start-up manager; the incubator and approved funds.

On 31 January 2024, a Memorandum of Understanding (MoU) between the BVI Financial Services Commission (FSC) and the BVI Financial Investigation Agency (FIA)...

The Government of the Virgin Islands has signed its twenty-eighth Tax Information Exchange Agreement (TIEA) with the Government of the Isle of Man as the British Virgin Islands reinforces its commitment to comply with the international standards and the fight against tax evasion.

As evidence of its continued commitment to transparency in the financial services industry and its compliance with international standards, the British Virgin Islands executed a much anticipated Tax Information Exchange Agreement (TIEA) with Canada on 21 May 2013.