Harneys is pleased to announce the successful continuation of Caribbean Investment Holdings Limited (London - AIM: CIHL; Bermuda - CIHL) (CIHL) from Belize to the British Virgin Islands. The continuation of CIHL, the owner of the largest full service commercial and retail banking operation in Belize, once again showcases the attractiveness of the British Virgin Islands as a jurisdiction.
Counsel Thomas Dugdale commented: “This continuation is a major endorsement of the British Virgin Islands as a premier offshore financial centre with a well-developed legal system which allows companies to flourish in a world-leading regulatory regime. It is also a testament to the BVI Registry that even in the middle of the COVID-19 outbreak the process was seamless. Using the Premium Filing Service, the continuation was complete in a matter of hours and allowed CIHL to announce the continuation at market open the following day. We would like to thank CIHL as well as the other advisers on this matter, including Baker & McKenzie LLP, Eversheds Sutherland and Cenkos Securities plc acting as NOMAD.”
The Harneys team was led by Counsel Thomas Dugdale with assistance from Associate Adam Legge. Harneys’ Corporate team regularly advises companies of all shapes and sizes on continuations under British Virgin Islands law.
The official CIHL press release can be found here.