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The British Virgin Islands has introduced a Yacht Engaged in Trade programme that allows superyacht owners to charter their vessels for up to 84 days annually in European waters while maintaining private registration status. This flexible framework addresses a longstanding industry challenge by enabling owners to switch between private and commercial use without permanent conversion or repeated registration processes, all while maintaining Red Ensign Group standards and credibility.

The UK Supreme Court's landmark decision in Servis-Terminal LLC v Drelle has overturned the English Court of Appeal's controversial ruling, clarifying that unrecognised foreign judgments can form the basis of insolvency proceedings without prior recognition. This briefing examines how the Supreme Court's restoration of the common law 'obligation principle' impacts creditors seeking to enforce foreign judgment debts in the BVI, particularly following the uncertainty created by the first instance decision in

The CRS is the global standard developed by the OECD for the automatic exchange of financial account information between participating jurisdictions for tax purposes.