Tag Archives: Kerry Anderson
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
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
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
MITIGATING BVI BUSINESS COMPANY DISRUPTION
Structure your BVI company shareholding to eliminate or reduce delays associated with probate Ease of operation and flexibility are two of the most attractive features of a BVI business company (BVIBC). However, the death of a shareholder can cause disruption … Read more
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
Navigating the British Virgin Island’s Economic Substance (Companies and Limited Partnerships) Act, 2018
By Kerry Anderson, Partner, Head of Funds & Regulatory Department The European Union continues to push out new rules aimed at offshore financial centers. Specifically, the Code of Conduct Group (CCG) within the EU’s Economic and Financial Affairs (ECOFIN) Council … Read more
O’Neal Webster Expands Presence to US with New York City Office
October 9, 2018 – TORTOLA, British Virgin Islands – O’Neal Webster is pleased to announce its expansion to New York City, New York, being the first British Virgin Islands law firm to stake a physical presence in the city. Headquartered … Read more
BVI Takes Lead in Establishing Simple, Transparent, and Inexpensive Incorporation for Microbusinesses Around the World
Microbusinesses are a growing, vibrant, and profitable economic segment throughout the world. Such enterprises provide flexibility for individuals to operate on their terms, according to their skills and passions. Microbusinesses generally are defined by modest annual sales and asset values … Read more
British Virgin Islands’ New Limited Partnership Act Offers Significant Changes
Best-known for its stunning natural beauty—jewel-colored waters, soft sandy beaches, and lush mountain ridges—the British Virgin Islands also excels among her peers in the international financial services industry. Notably, the Territory is relentless in its pursuit of refining and advancing … Read more
Legal and Economic Significance of Offshore Finance in the British Virgin Islands
International financial records recently stolen from two offshore services firms and 19 corporate registries maintained by governments were leaked to journalists and their details subsequently published around the world. But beyond the hype, however, we find no intelligent inferences of … Read more
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
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
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
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
O’Neal Webster Earns Top Legal Adviser Status in Chambers Global for Corporate & Finance and Dispute Resolution
March 18, 2016 – TORTOLA – Once again, Chambers Global has recognized O’Neal Webster’s Corporate & Finance and Dispute Resolution practices in its 2016 edition. Also honored for their individual work were partners Vanessa King, Corporate & Finance and Trusts … Read more