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UN General Assembly Adopts Convention on the International Effect of Judicial Sales of Ships

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O'Neal Webster
folder_openA. Hermia Tench, Articles, Shipping & Admiralty
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The United Nations General Assembly adopted the UN Convention on the International Effects of Judicial Sales of Ships on 7 December 2022. The Convention looks to ensure certainty on an international scale regarding legal aspects of a ship’s judicial sale.…
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The British Virgin Islands | Benefits of BVI Ship Registration (Revised 2022)

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O'Neal Webster
folder_openA. Hermia Tench, Articles, Shipping & Admiralty
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BVI Ship Registration Overview The Virgin Islands Shipping Registry continues to make strides in engaging the international community. In the past decade, the BVI has become a sturdy jurisdiction for international registrations. As a Category 1 Registry, many of the…
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Licensing a Registered Trade Mark in the British Virgin Islands

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O'Neal Webster
folder_openArticles, Feroza Kartick, Intellectual Property
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Known worldwide for its robust shipping registry, trusts, funds, and corporate law sectors, the British Virgin Islands has also emerged as a globally competitive jurisdiction for registering and protecting the intellectual property of BVI companies and independent brand owners. The…
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The Latest Developments in the BVI’s Business-Friendly Corporate Law Regime 

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Firm, Investment Funds, Regulatory & Digital Assets, News, Property & Business
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The Business Licensing Act, 2022, which supplements the Virgin Islands Investment Act passed in 2021, has recently been enacted (August 2022). These two acts collectively aim to increase investment by providing new opportunities for local and foreign businesses in the…
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Important Amendments to the BVI Business Companies Act Take Effect on January 1, 2023

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial
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The BVI Business Companies Act, 2004 (as amended) (BVIBC Act) is the flagship corporate legislation regulating BVI companies. In August 2022, the BVI government passed amendments to the BVIBC Act and the BVI Business Companies Regulations (as amended), which will…
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BVI Trust Law

BVI Introduces New Reserved Power Trust Legislation

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O'Neal Webster
folder_openArticles, Christopher McKenzie, Trusts & Estates
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By Christopher McKenzie for Trusts & Trustees, Oxford University Press Background—why reserved power legislation has been enacted Many prospective settlors, especially those from jurisdictions or family backgrounds in which trusts do not feature,1 the establishment of a lifetime trust can…
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BVI Financial Services Commission Announces New Arrangement for Regulated Oversight

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O'Neal Webster
folder_openArticles, Banking & Finance, Corporate & Commercial, Investment Funds, Regulatory & Digital Assets, Kerry Anderson
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The BVI Financial Services Commission issued a press release on June 28, 2022, informing practitioners of a significant change to its internal structure. A new Authorisation and Supervision Division (ASD) will replace the current Investment Business, Insurance, and Banking, Insolvency…
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