News and Articles

NEWS AND ARTICLES

Extension for BVI Companies Initial Annual Filing Ends 30 June 2025

June 25, 2025

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…

Statutory filing extensions announced for existing BVI Companies and Limited Partnerships

June 11, 2025

O'Neal Webster

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…

Twenty Tips and Tricks for BVI Trustees and Registered Agents – Part Three

June 3, 2025

O'Neal Webster

The following is the third of a four-part series written by Chris McKenzie. (See Part 1 here and Part 2 here.) Eleven The need to avoid referring to a settlor’s letter of wishes in a trust instrument Only rarely would…

Applicability of Drelle v Servis-Terminal LLC in the British Virgin Islands 

May 28, 2025

O'Neal Webster

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…

Twenty Tips and Tricks for BVI Trustees and Registered Agents – Part Two

May 5, 2025

O'Neal Webster

The following is the second of a four-part series written by Chris McKenzie Six Gifts to BVI companies A resulting trust will generally arise by operation of law whenever a person directs property which has been acquired from his or…

Twenty Tips and Tricks for BVI Trustees and Registered Agents – Part One

March 11, 2025

O'Neal Webster

The following is the first of a four-part series written by Chris McKenzie One Underlying assets are not trust assets. One sometimes comes across provisions in trust deeds and other trust documentation which refer to the underlying assets of companies,…

BVI Government Amends the BVI Charter Acts, in Effect June 1, 2025

March 3, 2025

O'Neal Webster

The Government of the Virgin Islands has amended the Commercial Recreational Vessels Licensing Act, 1992 (the CRVL), the Cruise and Home Port Permit Act, 2001 (the CHPP), and the Customs Management and Duties Act, 2021 (the CMDA). The amendments, passed…

Chambers Global 2025 Recognizes O’Neal Webster’s Dispute Resolution, Corporate, Finance, and Funds Practices in the BVI Jurisdiction

February 20, 2025

O'Neal Webster

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…

Paul Webster, KC, Returns to O’Neal Webster

February 12, 2025

O'Neal Webster

Leading British Virgin Islands law firm O’Neal Webster announced the return of former managing partner and King’s Counsel Paul Anthony Webster following his distinguished tenure as a judge on the Court of Appeal and the Commercial Court of the Eastern…