Category Archives: News

BVI Rules Change for Non-Contentious Probate Now in Force

TORTOLA, British Virgin Islands, 28 November 2017 — O’Neal Webster is pleased to report that the Eastern Caribbean Court has adopted new, comprehensive, non-contentious probate rules for the British Virgin Islands. The new rules, which came into force on 1 … Read more

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Significant Progress Made: New Developments for the BVI Financial Services Sector

We are pleased to report that significant progress is being made in restoring the financial and legal services available on Tortola. The backlog of past filings has now been cleared; the BVI’s online incorporations system, VIRRGIN, is fully functioning; regulatory … Read more

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BVI Financial Services Centre and Commercial Courts Update

Tortola, British Virgin Islands 22 September Update Dear Clients, Associates and Friends, We are pleased to report that the BVI’s international business and finance centre is making significant progress towards restoring business as usual. BVI financial services are up and … Read more

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Advising the Family Business Through Economic or Emotional Disruption

Grief, shock and the resulting shift in family and business dynamics could be a catalyst for economic and emotional disruption within a family business. What can you do, either to prepare in advance or to react after the event, to … Read more

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STEP Interview with Vanessa King

This 60-Second Interview was conducted by The Society of Trust and Estate Practitioners and was first published on STEP.org, August 29, 2017. Q: How and why did you get involved with STEP? Christopher McKenzie, the first Chair of the British … Read more

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Five O’Neal Webster Attorneys Named to Private Client Directory of Globally Recommended Wealth Managers and Advisers

TORTOLA, July 1, 2017 — O’Neal Webster is pleased to announce that five partners were named to Citywealth’s 2017 Leaders List, the private client directory of recommended wealth managers and advisers. Individuals are nominated by their peers or organizations and … Read more

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BVI’s Updated Beneficial Ownership Reporting Regime Takes Effect

The British Virgin Islands will implement its new beneficial ownership reporting regime on July 1, 2017, by virtue of the recently passed Beneficial Ownership Secure Search System Act, 2017, (BOSSs), which comes into force on June 30, 2017. The Act … Read more

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BVI Supports Two Million Jobs Globally, Says Independent Report

June 2017, TORTOLA—New data released June 21, 2017 show that the British Virgin Islands financial services industry supports roughly two million jobs in global investment and trade, worldwide. The independent study by Capital Economics found that the BVI mediates over … Read more

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Alert: Extension of BVI CRS deadlines

The British  Virgin  Islands Government recently announced  the  extension of the 2017  deadlines  for  notification  and reporting obligations  under  the  Common  Reporting  Standard, or CRS. As a result, BVI financial institutions will now have until June 30, 2017 to register … Read more

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New Guidelines for Insolvency Cases Being Tested in The Eastern Caribbean Supreme Court

The Eastern Caribbean Supreme Court recently acted to increase coordination, cooperation, and communication among courts in cross-border proceedings of insolvency or debt adjustments, joining Singapore, Delaware, Bermuda, England and Wales, and the Southern District of New York in adopting the … Read more

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BVI Hosts International Disputes at New, State of the Art Arbitration Centre

There is no dispute that the 2017 hard-opening of the new ‘state of the art’ British Virgin Islands International Arbitration Centre signals the BVI’s intent to become the leading arbitral and dispute resolution destination in the Caribbean. The Centre, an … Read more

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UK Inheritance Tax Deadline Looms for “De-enveloping” your BVI Company

The UK Government’s recent consultation on tax reforms in respect of non-domiciled individuals, whether resident or not, has resulted in a shake-up of company law. The UK has announced that from April 6, 2017, residential property in the UK held … Read more

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O’Neal Webster Partner Vanessa King Elected to BVIFL Board of Directors

TORTOLA – Jan. 26, 2017 – O’Neal Webster is pleased to announce that Partner Vanessa King has been elected to the board of directors of BVI Finance Limited (BVIFL), formerly BVI Finance, for a term of three years. She has … Read more

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STEP Caribbean and Latin America Region Elects O’Neal Webster Partner Vanessa King as Deputy Chair

TORTOLA – Jan. 26, 2017 – O’Neal Webster announces that Partner Vanessa King has been elected Deputy Chair of the Society of Trust and Estate Practitioners’ (STEP) Caribbean and Latin America Region. She joins Chair Ivan Hooper of Uruguay, Secretary … Read more

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O’Neal Webster Partner Vanessa King earns STEP Founder’s Award for “Outstanding Achievement”

 Nov 24, 2016 – TORTOLA – British Virgin Islands-based law firm O’Neal Webster congratulates Partner Vanessa King as the recipient of the Society of Trust and Estate Practitioners’ ninth annual, prestigious Founder’s Award. The Award is presented to an individual … Read more

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Seven O’Neal Webster Lawyers Recommended by The Legal 500 Caribbean 2017

November 10, 2016 – Tortola – British Virgin Islands-based law firm O’Neal Webster announced today that the firm and seven lawyers in three key practice areas have been recommended by the editor of The Legal 500 in the 2017 Caribbean … Read more

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BVI House Asia’s trust seminar held at the Hong Kong General Chamber of Commerce

Private Trust Companies – The Best of Both Worlds was the topic of BVI House Asia’s trust seminar, held November 2, 2016 at the Hong Kong General Chamber of Commerce’s Conference Room. The seminar, attended by more than 80 lawyers, trust practitioners … Read more

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Five O’Neal Webster Partners recognized in Citywealth’s IFC 2016 Leaders Lists

Oct. 2016, TORTOLA – The prestigious 2016 Citywealth IFC Power Women Top 200 List and 2016 Leaders List (Lawyers) recently recognized five O’Neal Webster Partners. The IFC Power Women recognizes 200 of the most powerful women in government, private wealth, … Read more

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Trust and Estates Partner Christopher McKenzie Recognized in Chambers and Partners Inaugural High Net Worth Guide

BRITISH VIRGIN ISLANDS, June 27, 2016 – O’Neal Webster partner Christopher McKenzie, a well-known name in the BVI trust market, has been ranked in Chambers and Partners’ inaugural High Net Worth Guide, published June 2016. Based in O’Neal Webster’s London … Read more

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O’Neal Webster Receives Licensed Trademark Agent Status Under BVI Trade Mark Act, 2013

Known worldwide for its robust shipping registry, trusts, funds, and corporate law sectors, the British Virgin Islands is emerging as a globally competitive jurisdiction for registering and protecting intellectual property, thanks to the enactment of the highly anticipated Trade Mark … Read more

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