British Virgin Islands
It has long been the position in the BVI that directors of a company can rely on the Duomatic principle which recognises that a company's shareholders can informally give approval through...
Currently, the British Virgin Islands has no legislative framework for regulating third party litigation funding.
Greg is a transactional lawyer with more than 15 years' experience in BVI law and 20-plus years of cross-border corporate finance law experience, including a six-year tenure...
The rules surrounding BVI company restorations were changed significantly by the introduction of the BVI Business Companies (Amendment) Act 2022...
The BVI statutory merger process is recognized globally and has been used effectively for many years. However, today, more global entities increasingly use BVI statutory mergers in high-value cross-border transactions.
This guide explores the latest legislative, regulatory and enforcement developments in the British Virgin Islands and provides expert analysis on industry-wide topics including the local legal framework...
BVI entities are frequently the chosen vehicle for investment managers looking to offer investors deal specific private equity...
Importantly, it was not necessary for the debtor to show that the grounds on which he disputed the debt were substantial ones.
The British Virgin Islands ("BVI") continues to be a jurisdiction of choice for corporate vehicles entering into secured finance transactions. The British Virgin Islands' creditor-friendly...
In Parles .A.S. et al v Winsley Finance Limited (Parles)1, Mangatal J was recently called upon to consider the boundaries to the Court's power to grant "Chabra relief".
The British Virgin Islands (BVI) is a British overseas territory and is recognised across the globe as the premier jurisdiction for the registration of asset-holding companies.
The BVI Business Companies Act (as amended) (the "Act") introduced the requirement for BVI companies to file an annual return (otherwise known as a financial return)...
Like a reliable and familiar friend, BVI litigators have been accustomed to the Eastern Caribbean Supreme Court Rules ("the CPR") for a considerable period.
On 25 April 2023 amendments to the Civil Procedure Rules (the CPR) of the Eastern Caribbean Supreme Court were published in the Official Gazette.
Traditionally, establishing trusts in the British Virgin Islands ("BVI") by those from jurisdictions which do not recognise trusts or which have forced heirship rights...
The continued fall-out of the high-profile collapse of the Three Arrows crypto fund has seen another development, with the BVI Court permitting alternative service by Twitter after the collapsed fund's directors failed to appear for examination before the BVI Court.
On 24 April 2023, the Court of Appeal of the Eastern Caribbean Supreme Court delivered a further judgment in Sian Participation Corporation (in Liquidation) v Halimeda International Limited...
This guide to the British Virgin Island's private client sector includes commentary on tax, trusts, foundations and private wealth structures used within the jurisdiction, including charitable...
Few areas of finance are developing faster than crypto-assets, a category that includes cryptocurrencies, securities tokens and utility tokens, whose common feature is use of distributed ledger technology (DLT).
Every company, which is required to file an annual return, must submit to its Registered Agent a return in the form, and containing the information specified in the Schedule to the Order.