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The Latest Developments in the BVI’s Business-Friendly Corporate Law Regime 

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Firm, Investment Funds & Regulatory, News, Property & Business
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The Business Licensing Act, 2022, which supplements the Virgin Islands Investment Act passed in 2021, has recently been enacted (August 2022). These two acts collectively aim to increase investment by providing new opportunities for local and foreign businesses in the…
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Important Amendments to the BVI Business Companies Act Take Effect on January 1, 2023

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial
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The BVI Business Companies Act, 2004 (as amended) (BVIBC Act) is the flagship corporate legislation regulating BVI companies. In August 2022, the BVI government passed amendments to the BVIBC Act and the BVI Business Companies Regulations (as amended), which will…
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BVI Trust Law

BVI Introduces New Reserved Power Trust Legislation

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O'Neal Webster
folder_openArticles, Christopher McKenzie, Trusts & Estates
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By Christopher McKenzie for Trusts & Trustees, Oxford University Press Background—why reserved power legislation has been enacted Many prospective settlors, especially those from jurisdictions or family backgrounds in which trusts do not feature,1 the establishment of a lifetime trust can…
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BVI Financial Services Commission Announces New Arrangement for Regulated Oversight

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O'Neal Webster
folder_openArticles, Banking & Finance, Corporate & Commercial, Investment Funds & Regulatory, Kerry Anderson
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The BVI Financial Services Commission issued a press release on June 28, 2022, informing practitioners of a significant change to its internal structure. A new Authorisation and Supervision Division (ASD) will replace the current Investment Business, Insurance, and Banking, Insolvency…
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