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Creating and registering security interests over assets of a BVI Business Company
Banking & Finance

Creating and registering security interests over assets of a BVI Business Company

Entering into security financing transactions with BVI Business Companies (BCs) is a familiar part of the global financial services landscape given the use and presence of BCs. The ease of use of BCs in these types of transactions is facilitated to a large extent by the flexibility of the BVI Business Companies Act, 2004 (the BCA). As it is common for BCs to maintain their assets outside of the British Virgin Islands, the focus of this note will be on what should be done under the BCA in relation to the creation and registration by a BC of security over its foreign assets which is governed by a foreign law.
Luxembourg public and private limited liability companies
Corporate

Luxembourg public and private limited liability companies

The incorporation of a Luxembourg public limited liability company (société anonyme) (SA) or a private limited liability company (société à responsabilité limitée) (SARL), which are the two most widely-used business entities in Luxembourg, generally requires a number of steps.
Continuation of a BVI company to Luxembourg
Corporate

Continuation of a BVI company to Luxembourg

Generally, Luxembourg law recognises that a company incorporated under a foreign system of law can migrate or continue its corporate existence to Luxembourg by transferring its registered office and its head office, without interruption of legal personality (Inbound Migration). Inbound Migration can be achieved provided that the company’s country of origin clearly permits the transfer without interruption of legal personality and the company adopts a Luxembourg corporate form, adapting its memorandum and articles of association (or similar constitutional documents) to comply with Luxembourg law.
Voluntary dissolution/liquidation in Luxembourg
Corporate

Voluntary dissolution/liquidation in Luxembourg

This guide gives an overview of the two options identified in the Luxembourg Company Law for the voluntary winding-up of an unregulated Luxembourg company, highlighting the key differences between the two procedures.