News and Articles

NEWS AND ARTICLES

New Annual Financial Return Filing for BVI Companies Commences 2024

November 21, 2023

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…

Virgin Islands Shipping Registry to Become a Statutory Body

November 15, 2023

O'Neal Webster

The Virgin Islands Shipping and Maritime Authority Act, 2023 successfully received assent on October 16, 2023. It is now imminent that The Virgin Islands Shipping Registry will become independent of the Central Government of the Virgin Islands and carry out…

How to Save Your BVI Company From Insolvency

October 27, 2023

O'Neal Webster

The world has witnessed the failure of several banks over the past months, starting with Silicon Valley Bank and Signature Bank in the United States, followed by the collapse of the 167-year-old global firm Credit Suisse. These bank failures can…

British Virgin Islands reinstated to EU’s list of cooperative jurisdictions for tax purposes

October 24, 2023

O'Neal Webster

We are pleased to announce that following a meeting of the European Union’s Economic and Financial Affairs Council on October 17, 2023, the British Virgin Islands (BVI) has been removed from the EU’s list of non-cooperative tax jurisdictions for tax…

Illusory trusts in the British Virgin Islands and section 86 of the BVI’s Trustee Act

October 19, 2023

O'Neal Webster

The laws of the BVI The principles of English common law and equity form part of British Virgin Islands (BVI) law and would be applied by the BVI’s courts, except to the extent that they have been modified by statute.…

O’Neal Webster Managing Partner Vanessa King Elected to STEP Worldwide Council

October 2, 2023

O'Neal Webster

October 2, 2023 – BRITISH VIRGIN ISLANDS – O’Neal Webster is pleased to announce that Managing Partner Vanessa King has been elected as a STEP Worldwide Council representative for the Caribbean and Latin America Region. In this role, she represents…

O’Neal Webster Litigation Department Open Position

September 14, 2023

O'Neal Webster

O’Neal Webster is recruiting for a senior Legal Secretary for its litigation department. The successful candidate will be required to provide support to senior legal professionals with minimum supervision and will generally be responsible for: · drafting correspondence and court documents · preparing and filing court documents · file management · liaising with clients…

Enforcement of Judgments | British Virgin Islands Law & Practice and Trends & Developments

August 28, 2023

O'Neal Webster

O’Neal Webster recently contributed the British Virgin Islands chapter to Chambers Global Practice Guide: Enforcement of Judgments 2023 Law & Practice. A judgment that cannot be enforced is of little or no value. It is therefore important for those involved…

Christopher Simpson Named to Lead O’Neal Webster’s Corporate & Commercial Department

June 8, 2023

O'Neal Webster

TORTOLA, British Virgin Islands, 8 June 2023 – O’Neal Webster is pleased to announce the appointment of Partner Christopher Simpson as Head of the firm’s Corporate & Commercial Department. In this role he will oversee the growth and development of…