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Privy Council Offers Guidance on the Treatment of Non-Matrimonial Property in Divorce Proceedings

The UK Privy Council handed down a December 2016 judgment in a matrimonial appeal from the British Virgin Islands which challenged the lower courts’ ruling on the division of property in divorce proceedings. The appellant, Mr. Scatliffe, appealed against an…
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UK Inheritance Tax Deadline Looms for “De-enveloping” your BVI Company

The UK Government’s recent consultation on tax reforms in respect of non-domiciled individuals, whether resident or not, has resulted in a shake-up of company law. The UK has announced that from April 6, 2017, residential property in the UK held…
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Investment Fund Managers “Brexit” to the BVI

In the post-recession economy, investment managers are looking for increased flexibility and ways to maximise investor returns by minimising set up costs, government fees, and other related functionary and advisory costs. That is why many are now “Brexiting” to the…
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Private trust companies: how to obtain the best of all worlds

folder_openArticles, Trusts & Estates
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By Christopher McKenzie, Partner, O’Neal Webster (UK) LLP (October 2016) Abstract This article considers why private trust companies are currently so popular, various structuring issues which those setting up private trust companies should take into consideration, and the private trust companies…
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Onshore vs Offshore – is there really a battle?

Over the past few months the issue of offshore jurisdictions and the role they play in the global economy has come under extreme scrutiny, especially from onshore governments seeking to increase tax revenues. The recent Panama Papers Leak has only…
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O’Neal Webster Receives Licensed Trademark Agent Status Under BVI Trade Mark Act, 2013

Known worldwide for its robust shipping registry, trusts, funds, and corporate law sectors, the British Virgin Islands is emerging as a globally competitive jurisdiction for registering and protecting intellectual property, thanks to the enactment of the highly anticipated Trade Mark…
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BVI adopts OECD’s Common Reporting Standard for financial institutions

folder_openArticles, Corporate & Commercial, Vanessa King
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By Vanessa King, Partner, Head of Corporate and Commercial Department, O’Neal Webster  The integrity of tax systems around the world has been challenged for years, stymied by undetected, illegal evasion tactics. In an attempt to detect and deter such actions,…
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