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Corporate & Commercial

Articles and news about BVI corporate and commercial law and transactions.

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BVI FSC updates statutory filing requirements – extension granted to certain companies and limited partnerships

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O'Neal Webster
folder_openArticles, Corporate & Commercial, News
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The BVI Financial Services Commission has as of December 24, 2025 approved an extension of the period during which existing entities formed prior to January 2, 2025 may file non-public Registers of Members (ROM), Registers of General Partners (ROGP), Registers…
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O’Neal Webster Secures Appointment of Provisional Liquidators over Members of the Prince Group of Companies

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Litigation, Nadine Whyte, Paul Dennis, KC
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In January 2025, the O’Neal Webster team of Paul Dennis, K.C., Nadine Whyte Laing and Koya Ryan successfully applied on behalf of the Attorney General of the Virgin Islands, for the appointment of joint provisional liquidators over 30 BVI registered…
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BVI Approved Managers – Managing Investments Globally

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial, Investment Funds, Regulatory & Digital Assets
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In 2023, it was estimated that the value of assets under management by hedge funds was in the region of US $5 trillion. Increasingly, offshore jurisdictions such as the British Virgin Islands (BVI) feature in the structures used by onshore…
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New beneficial ownership requirements in the British Virgin Islands: a trust-worthy perspective

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O'Neal Webster
folder_openAkita Alexander-Mercer, Articles, Christopher McKenzie, Corporate & Commercial, Trusts & Estates
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By Chris McKenzie and Akita Alexander-Mercer Trusts & Trustees, published by Oxford University Press, June 20, 2025 Following the Caribbean Financial Task Force’s Mutual Evaluation Report, a number of changes to the British Virgin Islands’ (BVI) trust and corporate legislation…
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Extension for BVI Companies Initial Annual Filing Ends 30 June 2025

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O'Neal Webster
folder_openCorporate & Commercial, News
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BVI Financial Services Commission (FSC) has issued a reminder to BVI companies whose financial year is a calendar year that the 9-month extension for filing initial annual financial returns (annual returns) granted pursuant to the notice issued by the BVI FSC dated 10 December 2024, ends…
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Statutory filing extensions announced for existing BVI Companies and Limited Partnerships

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial, Kerry Anderson, Vanessa King
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Road Town, Tortola, British Virgin Islands – The BVI Registrar of Corporate Affairs has announced a six-month extension of the period for the statutory non-public filing of (i) the register of members, information on director services provided, and beneficial ownership…
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Applicability of Drelle v Servis-Terminal LLC in the British Virgin Islands  

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Litigation, Paul Webster, KC
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On January 21, 2025, the Court of Appeal in England in Valeriy Ernestovich Drelle v Servis-Terminal LLC (Drelle)1ruled that a debt based on a foreign judgment that has not been recognised in England cannot be used to found an application…
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Chambers Global 2025 Recognizes O’Neal Webster’s Dispute Resolution, Corporate, Finance, and Funds Practices in the BVI Jurisdiction

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O'Neal Webster
folder_openBanking & Finance, Christopher Simpson, Corporate & Commercial, Firm, Investment Funds, Regulatory & Digital Assets, Kerry Anderson, News, Paul Dennis, KC
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Feb 2025, BRITISH VIRGIN ISLANDS – We are delighted to share that O’Neal Webster has again been recognized in Chambers Global Guide 2025 for the British Virgin Islands jurisdiction in Dispute Resolution and Corporate & Finance, including Funds categories. Ranked…
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Important Amendments to the BVI Business Companies Act for January 2025

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial, Investment Funds, Regulatory & Digital Assets, Kerry Anderson
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The BVI Business Companies (Amendment) Act, 2024 (the Amendment Act), published in the BVI Gazette in September 2024, came into force on January 2, 2025. The amendments seek to ensure that the British Virgin Islands (BVI) keeps up to date…
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Chambers Global 2024 Names Christopher Simpson Among Outstanding Corporate, Finance & Funds Practitioners in the British Virgin Islands

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial, Investment Funds, Regulatory & Digital Assets
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TORTOLA – Congratulations to O’Neal Webster Partner Christopher Simpson, who is again ranked by Chambers Global among outstanding Corporate, Finance, & Funds practitioners in the BVI for the 2024 edition. Chambers rankings are a definitive mark of excellence across the…
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