In this edition:
- > O’Neal Webster tops BVI list in Citywealth’s IFC Power Women 100
- > No BVI Law of Double Derivatives – Court of Appeal rules in Microsoft v Vadem Ltd case
- > O’Neal Webster successful in landmark case on ‘grants ad colligenda bona’
- > Guide to the benefits of redomiciling a company to the BVI
- > Significant amendments to VISTA and other BVI trust and estate legislation
O’Neal Webster tops BVI list in Citywealth’s IFC Power Women 100
O’Neal Webster is the only firm in the British Virgin Islands to have two partners recognised as ‘women of achievement and opinion formers’ in the inaugural Citywealth IFC Power Women 100, 2013.
The two O’Neal Webster partners listed are:
Vanessa King, partner and head of the Commercial Department, Vanessa specialises in trusts, banking and finance, corporate and commercial, intellectual property and mergers & acquisitions. She is also the Chairman of the Society of Trust and Estate Practitioners (STEP BVI).
Willa Tavernier, partner and head of the Property and Business Department. Willa specialises in contentious and non-contentious real estate, employment law, admiralty, general business and litigation. Before joining the firm, Willa was a Senior Legal Officier of the Eastern Caribbean Central Bank, Dealing with banking and securities regulation, and development finance.
The IFC Power Women 100 is an A-Z list of influencers and professionals working around the financial services industry in International Financial Centres. The list recognises women of achievement who are opinion formers, helping to promote business excellence in their home jurisdiction and consolidating the reputations of the financial services industry globally.
Commenting on the listings, Managing Partner, Kerry Anderson said: “This is a well deserved honour. Vanessa and Willa are both extremely talented and capable lawyers and have consistently demonstrated a high commitment to their clients and tremendous expertise in the law over a number of years. We are therefore very pleased that Vanessa and Willa have been acknowledged by the editors of Citywealth.”
No BVI Law of Double Derivatives – Court of Appeal rules in Microsoft Corporation v Vadem Ltd
On August 8, 2013 the Eastern Caribbean Supreme Court Appellate Division issued its ruling in Microsoft Corporation v Vadem Ltd. In doing so, the Court of Appeal affirmed that ‘BVI law does not permit double derivative proceedings’. > read more
O’Neal Webster is successful in landmark case on grants ad colligenda bona
The Court held that a grant ad colligenda can be granted under British Virgin Islands common law in circumstances where there is a necessity for pending administration, before a general grant can be obtained. > read more
Guide to the benefits of redomiciling a company to the BVI
From time to time economic or legislative changes within a jurisdiction may cause the directors of a company to re-access whether the company’s domicle should not be changed. The recent financial crisis in Cyprus is an example of the sort of change that might trigger companies to consider moving to a different domicle.
> read more
Significant amendments to VISTA and other BVI trust and estate legislation
Changes were made to the Virgin Islands Special Trusts Act (VISTA), the Trustee Act and various other British Virgin Island statutes relating to trusts and estates.
> read more