British Virgin Islands
A summary of the relevant timelines and an outline of other important changes under the Amendment Code are outlined in this update.
The British Virgin Islands continues to be a jurisdiction of choice for corporate vehicles entering into secured finance transactions, and remains a markedly creditor-friendly jurisdiction.
On 22 January 2020, the Court handed down judgment in the matter of Pacific Fertility Institutes Holding Company Limited v Pacific Fertility Institutes (HK) Holding Company Limited.
Alternative Investment Funds Comparative Guide for the jurisdiction of British Virgin Islands, check out our comparative guides section to compare across multiple countries
There have been an increasing number of court applications in the British Virgin Islands (BVI) for the appointment of receivers an as interim remedy to ‘hold the ring' in respect of assets.
The Securities and Investment Business Act, 2010 has been amended to introduce a new regulatory regime for closed-ended funds in the BVI.
The British Virgin Islands (BVI) has introduced a new regulatory regime for the recognition of private investment funds.
In response to the requirements of the European Union ("EU"), the BVI has recently enacted the Securities and Investment Business Act, 2019 and the related Private Investment Funds Regulations, 2019.
This advisory summarises the key features of the Law and the Guidelines and their likely impact on closed-ended funds and their managers.
In line with BVI's commitment to stay at the forefront of 'international legislation and EU compliance', the BVI enacted the Mutual Funds (Amendment) ...
The British Virgin Islands government recently passed new legislation affecting the funds industry. In particular, the new BVI Securities and Investment Business (Amendment) Act, 2019 ...
Presents come in all shapes and sizes, and some are more gratefully received than others. Shiny and exciting gifts may lose their lustre, yet items which were not expected, or even asked for, may...
With the enactment of the Securities and Investment Business Act, 2019, the British Virgin Islands has for the first time introduced a regulatory regime to regulate close-ended funds.
The BVI has gazetted legislation which has come into force on 31 December 2019, introducing a supervisory regime for closed-ended funds.
Discipline is one of the key traits of any successful fund manager – sticking to the core investment strategy and avoiding style drift.
News outlets, including The Guardian and CNBC, were reporting and market watchers were opining in early 2019 that a slowing world economy forebodes a major global economic shift—possibly...
Following our previous notification dated May 2019, The British Virgin Islands (BVI) has passed legislation requiring certain legal entities carrying on Relevant Activities to demonstrate adequate ...
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.
Succession planning for offshore incorporations, particularly those where companies are controlled by one individual, needs careful consideration.
As part of BVI's continued commitment to remain at the forefront of international legislation and EU compliance, the BVI enacted the Securities and Investment Business (Amendment) ...