Category Archives: News

O’Neal Webster Advises on JPY 3.8 Billion British Virgin Islands Plan of Arrangement

O’Neal Webster has advised on a JPY 3.8 billion British Virgin Islands plan of arrangement which was recently approved by the Eastern Caribbean Supreme Court (British Virgin Islands) on April 6, 2020. Articles of arrangement were subsequently filed with the … Read more

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Important notice for all BVI institutions reporting under FATCA or CRS

The BVI ITA has announced that it will be extending the enrollment and filing dates for both FATCA and CRS reporting under the BVIFARS. The new dates for FATCA will be July 31, 2020 for enrollment and  August 31, 2020 for filing. For … Read more

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EASTERN CARIBBEAN SUPREME COURT ADOPTS MEASURES FOR ALTERNATIVE EFFECT OF SERVICE ON BVI BUSINESS COMPANIES

Prior to the impact of COVID-19, effect of service of a claim form or other document on a BVI Business Company was attained by the physical delivery of service at the company’s registered office or registered agent’s office.  On 23 … Read more

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BVI FSC Extends Annual Licence Fee Payment Deadline for Certain Licensees

An important notice came from the British Virgin Islands Financial Services Commission (the Commission) on March 23, 2020. The Commission acknowledged the possible business disruptions that the global pandemic COVID-19 may present for certain licensees in complying with the upcoming … Read more

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Eastern Caribbean Supreme Court Adopts Measures to Ensure Continuity in Response to COVID-19 Impact

O’Neal Webster hopes that you, your family, your co-workers, and communities are staying healthy and positive during these challenging times. With the surge of the new coronavirus COVID-19 cases around the globe, and now in the Caribbean, all major stakeholders … Read more

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COVID-19 Notice

Dear Clients, Colleagues, and Friends: Responding to business disruptions is not new to us at O’Neal Webster. Having weathered the impact of Hurricanes Irma and Maria in 2017 puts us in good stead to face and deal with the uncertainty … Read more

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O’Neal Webster Managing Partner Elected to Chair of STEP Caribbean and Latin America Region Committee

FEB 25, 2020. BRITISH VIRGIN ISLANDS – STEP, the global professional body of trust and estate professional advisors, has announced that O’Neal Webster Managing Partner Vanessa King has been elected to chair the STEP Caribbean and Latin America Region Committee for … Read more

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EU Upgrades BVI to Whitelist Status

BVI government welcomes whitelist status announcement. Blacklist expands to include 12 jurisdictions. On 18 February 2020, EU Finance Ministers updated the EU list of non-cooperative tax jurisdictions, upgrading the British Virgin Islands to whitelist status, which designates the country as a fully … Read more

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New Regime for BVI Closed-End Funds Brings Major Changes

The British Virgin Islands government recently passed new legislation affecting the funds industry. In particular, the new BVI Securities and Investment Business (Amendment) Act, 2019 institutes a supervisory regime for closed-ended funds, with the following major changes. Most closed-ended funds will … Read more

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BVI Funds – A Smart Bet in Uncertain Times

By Kerry Anderson and Christopher Simpson News outlets, including The Guardian and CNBC, were reporting and market watchers were opining in early 2019 that a slowing world economy forebodes a major global economic shift—possibly another recession. By mid-August, the concern … Read more

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BVI ITA Releases Economic Substance Rules

The International Tax Authority (ITA) in the British Virgin Islands (BVI) has now released the Rules on Economic Substance (the Rules) which provides guidance on the interpretation of provisions under the Economic Substance (Companies and Limited Partnerships), 2018 (the Act).  … Read more

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OW Sponsors CrossFit Castaway Competition | Raising Funds for Bahamas Relief

O’Neal Webster is pleased to be a sponsor of BVI CrossFit Castaway’s upcoming competition to raise funds for the Bahamas relief efforts. We hope you will join us in supporting the event where 34 competitors will be smashing it out on … Read more

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Sailing Into the Headwinds of an Evolving World Economy

The world economy continues to grow, not only in complexity but in competitiveness. Although the British Virgin Islands is recognized as a significant contributor to global wealth, the country continues to face headwinds in the race to keep pace with evolving trends … Read more

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BVI Economic Substance Act Roll-Out

The BVI Economic Substance (Companies and Partnerships) Act, 2018 (the ESA) roll-out continues with a target date of October 1, 2019. At that time, various changes to the BVI’s Beneficial Ownership Secure Search System Act come into force. These amendments … Read more

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Paul Dennis to Speak at STEP 2019 Caribbean Conference

As confidentiality continues to play a more significant role in global business operations and regulatory requirements focus on transparency, many questions regarding how to balance these opposing issues are left unanswered. On Tuesday, May 14th, O’Neal Webster Senior Partner Paul … Read more

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Interview with Vanessa King

Legal 500’s recently launched magazine, fivehundred, interviewed O’Neal Webster Managing Partner Vanessa King for the April 2019 edition, talking about talent retention, EU blacklisting, launching a New York office, building a thriving law firm team, and the difficulties of having … Read more

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Seven Marathons in Seven Days

TORTOLA, BVI – Mar 7, 2019—On Sunday, March 10th, the British Virgin Islands will welcome more than 30 world-class runners—ages seven to 81—for the O’Neal Webster BVI Marathon, one of six locations and seven marathons on the Eastern Caribbean leg … Read more

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O’Neal Webster Expands Litigation Department with the Addition of Well-Known Litigator Dan Wise

Dan Wise, formerly Head of Litigation at Martin Kenney & Company, who joins as a partner in the firm’s Tortola office. Mr. Wise specializes in complex, cross border commercial litigation and is admitted to practice in England and Wales, the … Read more

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O’NEAL WEBSTER APPOINTS NAIYADA HENRY-CALLWOOD TO FIRM-WIDE CHIEF OPERATING OFFICER

TORTOLA, January 17, 2019 – British Virgin Islands-based law firm O’Neal Webster has appointed Naiyada Henry-Callwood to the role of Chief Operating Officer. Reporting to Managing Partner Vanessa King, Ms. Henry-Callwood will be responsible for the oversight of the group’s operations … Read more

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MAGNUM & NITEROI v. The A.G. Presentation

LANDMARK DEVELOPMENTS IN BVI’S PRIVACY AND CONFIDENTIALITY OF INFORMATION LAW PLEASE JOIN O’NEALWEBSTER ON THURSDAY, 15 NOVEMBER 2018 AT THE MOORINGS CONFERENCE ROOM, TORTOLA FROM 2:30 TO 4:30 P.M. SPEAKER: PAUL B.DENNIS, Q.C., SENIOR PARTNER LEARN ABOUT THE NEW DEVELOPMENTS … Read more

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