News and Articles

NEWS AND ARTICLES

BVI Wills and the Impact of Non-BVI Laws

June 24, 2024

Private international law issues which need to be considered both before and after preparing a British Virgin Islands will disposing of shares in a British Virgin Islands company. Abstract This note considers the need, when preparing wills disposing of shares…

Digital Asset Industry: BVI Rises to the Top, Offers a Balanced Regulatory Regime

May 22, 2024

O'Neal Webster

Bitcoin’s recent surge in value, climbing from around US $21,000 per Bitcoin to over US $70,000 (currently circa US $69,000), has been a significant development. This, coupled with the introduction of mainstream ETFs in the U.S. and the discussions around…

Encouraging Successful Succession: Estate planning options for shareholders of BVI companies

May 10, 2024

O'Neal Webster

By Christopher McKenzie¹ Shortly after the International Business Companies Act (IBC Act) came into force in 1984, the British Virgin Islands (BVI) became one of the world’s most utilised jurisdictions for the incorporation of international business companies; these companies have…

Civil Procedure Takes a Bold Step: Unravelling the changes to service out of the jurisdiction and the Civil Procedure Rules in the British Virgin Islands

April 17, 2024

O'Neal Webster

Oxford University Press recently published OW attorney Paul Edwards’ article in the Trusts & Trustees Journal: “Civil Procedure Takes a Bold Step: Unravelling the changes to service out of the jurisdiction and the Civil Procedure Rules in the British Virgin Islands.”…

Chambers Global 2024 Names Christopher Simpson Among Outstanding Corporate, Finance & Funds Practitioners in the British Virgin Islands

February 26, 2024

O'Neal Webster

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…

Chambers Global 2024 Recognises O’Neal Webster’s Dispute Resolution, Corporate, Finance and Funds Practices

February 23, 2024

O'Neal Webster

We are delighted to share that O’Neal Webster has again been recognised in Chambers Global Guide 2024 for the British Virgin Islands jurisdiction in Dispute Resolution and Corporate & Finance, including Funds categories. Chambers rankings are a definitive mark of…

O’Neal Webster attorney Jamealya Fahie appointed to the Virgin Islands Higher Education Licensing Board

February 1, 2024

O'Neal Webster

Tortola, British Virgin Islands. Jan. 26, 2024 – O’Neal Webster is pleased to announce the appointment of attorney Jamealya Fahie to The Higher Education Licensing Board by the Cabinet of the Virgin Islands to serve a three-year term. The Higher…

Explainer: New Rules for BVI Non-Belonger Landholders

January 22, 2024

O'Neal Webster

The BVI (British Virgin Islands) Ministry of the Environment, Natural Resources and Climate Change (the Ministry) adopted new Non-Belonger Landholder Licensing process rules. Automatic rental permission is one of several welcome policy changes. The updated procedures—Policy No. 1 of 2023—were…

New Annual Financial Return Filing for BVI Companies Commences 2024

November 21, 2023

O'Neal Webster

Amendments to the BVI Business Companies Act, 2004, and BVI Business Companies Regulations, which took effect on January 1, 2023, require BVI companies to file an annual financial return (AFR) containing specified financial information. The filing must be made with…