Unravelling
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Unravelling Complexity

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How to be a dutiful director: a refresher on BVI director duties, risk and mitigation
Corporate

How to be a dutiful director: a refresher on BVI director duties, risk and mitigation

“When I grow up, I still want to be a director.” – Stephen Spielberg The esteemed Mr. Spielberg was (probably) talking about a different type of director, but being a director of a British Virgin Islands company is not the daunting task it may first appear. Acting as a director of any company, anywhere in the world, is not a task that should be taken lightly but the duties of a director of a BVI company are, as we will try to show below, relatively easy to understand and reasonably easy for prudent directors to comply with.
Getting the Deal Through: British Virgin Islands Complex Commercial Litigation
Corporate

Getting the Deal Through: British Virgin Islands Complex Commercial Litigation

Andrew Thorp and Jonathan Addo give an overview of complex commercial litigation in the British Virgin Islands in the latest chapter of Getting the Deal Through: Complex Commercial Litigation. Download the PDF to read more.
Getting the Deal Done: What to do when your registered agent goes rogue
Corporate

Getting the Deal Done: What to do when your registered agent goes rogue

The registered agent fulfils a key role for BVI companies, including the thousands currently doing business across Asia. Occasionally, to the chagrin of the dealmaker, a registered agent may (however inadvertently) hold up a transaction by refusing to take a step which is within their power and vital to getting a deal completed. Based on practical examples from deals on which Harneys has worked recently, Joshua Mangeot and George Weston consider the rights of directors and members and the options available to dealmakers in this article originally published by Asian Legal Business.
Are BVI companies entering a period of hyperactivity?
Corporate

Are BVI companies entering a period of hyperactivity?

The BVI Financial Services Commission (FSC) published its quarterly statistics for Q1 2018, which showed a 12 per cent year on year surge in incorporations as against the previous quarter. In fact, it was the highest rate of quarterly incorporations for nearly three years.
Act now – Don’t get struck-off
Corporate

Act now – Don’t get struck-off

Following recent changes to BVI legislation, companies in the British Virgin Islands risk being struck-off by the registrar for not filing particulars of their directors.
BVI Legal Update - Autumn 2018
Investment Funds

BVI Legal Update - Autumn 2018

Over the last few months, the British Virgin Islands has introduced a number of innovative new and updated laws, enhancing the range of commercially attractive legal structures available in the jurisdiction. The next exciting chapter will be revealed on 1 October, when amendments to the BVI Business Companies Act (BCA) will come into force to expand the use of segregated portfolio companies (SPCs) beyond the funds and insurance sectors. This update looks at the expanded use of SPCs, the new Limited Partnership Act, the Micro Business Companies Act and amendments to the Anti-Money Laundering Code to allow electronic AML checks.