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Conyers
In a judgment handed down by the British Virgin Islands High Court on 25 July 2019, Renaissance Ventures Ltd and another were awarded rectification of the share register of a billion dollar corporate group, Comodo Holdings Ltd.
Conyers
Under the ES Act, "legal entities" carrying on a "relevant activity" need to establish economic substance in the BVI.
Conyers
As the new legal year begins, Conyers is pleased to note that the BVI Commercial Court has confirmed the appointment of the following Judges:
O'Neal Webster
The world economy continues to grow, not only in complexity but in competitiveness.
Conyers
There are no restrictions on foreign lenders financing an aircraft locally, nor on borrowers using the loan proceeds.
Walkers
In December 2018, the BVI Commercial Court appointed ‘soft touch' provisional liquidators to Constellation Overseas Ltd, a BVI incorporated company, and five of its BVI incorporated subsidiaries.
Collas Crill Guernsey
The issue of succession may not be a primary consideration when incorporating a company in the BVI or indeed in any jurisdiction.
Collas Crill Guernsey
The draft Economic Substance Code has now been published by the ITA and contains rules and guidance from the ITA with regard to the application of the Economic Substance (Companies and Limited Partnerships) Act 2018.
Collas Crill Guernsey
Succession planning for offshore incorporations, particularly those where companies are controlled by one individual, needs careful consideration.
Conyers
The Court of Appeal has recently ruled in BTI 2014 LLC -v- Sequana SA & Ors [2019] EWCA Civ 112 that an otherwise lawful dividend may still be found to be a transaction defrauding creditors.
O'Neal Webster
In addition to being the world's leading international finance centre in which to set up companies, the British Virgin Islands (BVI) is now regarded as one of the world's premier trust jurisdictions.
Carey Olsen
The conflict of laws rules of some jurisdictions do not always determine clearly the situs of intangible moveable property, such as shares in a company
Collas Crill
Companies will be required to confirm the above details to their Registered Agent within 6 months of the end of the first applicable financial period, as above.
Bedell Cristin Cayman Partnership
The Judicial Committee of the Privy Council (the ‘Privy Council') delivered its decision in the latest round of Madoff litigation on 20 May 2019.
Conyers
It is anticipated that the International Tax Authority (the "ITA") of the British Virgin Islands will soon issue its Economic Substance Code (the "Code").
Maples Group
The BVI International Tax Authority has recently announced deadline extensions for filing requirements.
Campbells
In response to the OECD's global Base Erosion and Profit Shifting ("BEPS") initiative and EU Code of Conduct Group substance requirements modelled on BEPS Action 5 ...
Campbells
In a decision handed down on 17 April 2019, the BVI Commercial Court has given guidance on the scope of its jurisdiction to grant freezing orders in support of foreign proceedings
Appleby
Appleby acted as BVI legal advisers to iFinex on the private token sale of LEO tokens, which commenced on 8 May 2019. iFinex's Chief Technology Officer
O'Neal Webster
The first quarter of 2019 has seen the passage of economic substance legislation in most offshore financial jurisdictions.
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Campbells
In response to the OECD's global Base Erosion and Profit Shifting ("BEPS") initiative and EU Code of Conduct Group substance requirements modelled on BEPS Action 5 ...
O'Neal Webster
The first quarter of 2019 has seen the passage of economic substance legislation in most offshore financial jurisdictions.
Campbells
On 9 May 2019, The Honourable Mr Justice Adrian Jack QC (Ag) delivered an oral Judgment in BVI proceedings in the Abyzov/Vekselberg-related litigation.
Conyers
There are no restrictions on foreign lenders financing an aircraft locally, nor on borrowers using the loan proceeds.
Conyers
It is anticipated that the International Tax Authority (the "ITA") of the British Virgin Islands will soon issue its Economic Substance Code (the "Code").
O'Neal Webster
The world economy continues to grow, not only in complexity but in competitiveness.
O'Neal Webster
A sometimes overlooked, yet critical, aspect of a British Virgin Islands (BVI) company is the role of its registered agent.
Maples Group
In this chapter we will focus on the popularity of BVI companies as listing vehicles on international stock exchanges, including the Hong Kong Stock Exchange, the London Stock Exchange...
Appleby
The British Virgin Islands (BVI) government has enacted legislation that will require certain BVI entities carrying on specified activities to have ‘adequate substance' in the BVI.
Maples Group
Important filing deadlines as well as procedures for submission of information to the relevant authorities with regard to audited accounts, fund annual returns, record keeping, register of directors and AEOI.
Fiduserve
The BVI Government introduced, with effect from 1 January 2019, a new legislation titled the Economic Substance (Companies and Limited Partnerships) Act 2018, requiring certain legal entities to demonstrate ...
Campbells
The last few years have seen a steady flow of Chinese businesses choosing to incorporate entities in the British Virgin Islands (BVI), and Chinese lawyers seeking knowledge on the uses
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