Liquidation solutions in Cyprus and the BVI
Liquidations

Liquidation solutions in Cyprus and the BVI

This guide identifies the types of voluntary liquidation and outlines the procedure to take in both the British Virgin Islands and Cyprus. It also sets out the duties of a liquidator in the winding-up process.
RPCs and conventional companies: Sometimes it’s okay to use the less popular option
Corporate

RPCs and conventional companies: Sometimes it’s okay to use the less popular option

As testament to the innate flexibility of British Virgin Islands company law, BVI companies come in varying forms, broadly ranging from standard conventional companies, with wide corporate powers to companies with restricted capacity and power to contract or otherwise engage in business or other activities.[1] The vast majority of British Virgin Islands companies fall easily into the former category while the latter specie of company, commonly known as a Restricted Purpose Company (RPC) is by far a rarer creature.
BVI economic substance – International Tax Authority investigations and enforcement powers
Regulatory & Tax

BVI economic substance – International Tax Authority investigations and enforcement powers

As the dust settles on the first economic substance reporting cycle in the BVI, Joshua Mangeot considers the International Tax Authority investigation and enforcement powers under the Economic Substance (Companies and Limited Partnerships) Act 2018 and related provisions of the Beneficial Ownership Secure Search System Act 2017.
Cayman Islands and the recent FATF listing
Investment Funds

Cayman Islands and the recent FATF listing

At its plenary session on 25 February 2021, the Financial Action Task Force (FATF) included the Cayman Islands as a jurisdiction being monitored for the active resolution of identified deficiencies in its regimes for the countering of anti-money laundering, terrorist financing and proliferation financing. While no significant issues were identified with the Cayman Islands compliance regimes, the Cayman Islands were given three action items aimed at demonstrating the effectiveness of its compliance regimes and therefore included on the list of jurisdictions being monitored.
Practically Speaking season two, episode one - I’m a BVI director, what now?
Corporate

Practically Speaking season two, episode one - I’m a BVI director, what now?

Welcome to season two of our Practically Speaking podcast. This season London based, Transactions Partner, Rachel Graham and Director of Client Services, Amy Roost will be exploring the ins and outs of the lifecycle of a BVI company.
Harneys wins IFR Asia Turnaround Deal of the Year Award
Restructuring

Harneys wins IFR Asia Turnaround Deal of the Year Award

Harneys has won the Turnaround Deal of the Year Award 2020 from IFR Asia for its work on China Shuifa Singyes Energy Holdings’ debt restructuring.