ARTICLE
31 January 2022

Seeing Benefits Of Estates Law BVI Reform & New Role As Crypto Hub

W
Walkers

Contributor

Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
Last year's reform of trusts and estates legislation was a clear statement of intent to move the BVI into line with, and in certain instances, ahead of its offshore competitors.
British Virgin Islands Corporate/Commercial Law

Last year's reform of trusts and estates legislation was a clear statement of intent to move the BVI into line with, and in certain instances, ahead of its offshore competitors. The BVI's success as an incorporations jurisdiction continues, and the accompanying need for practical and flexible wealth preservation and succession planning keeps trust practitioners busy. There is a new generation of trust clients using the BVI: the encouragement of entrepreneurship, innovations in fintech and the introduction of the regulatory sandbox in 2020, all contribute to bring a younger generation of clients to the Territory with different priorities, concerns and sensibilities to those of their predecessors. The BVI is well-placed to foster this new generation which is only expected to grow in coming years.

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