Articles

BVI Trust Companies, Private Trust Companies, Trusts & Estates

Articles, Christopher McKenzie, News, Trusts & Estates

Since the BVI’s Financial Services (Exemptions) Regulations, 2007 (as amended, “the PTC Regulations”) came into effect, the BVI has become the jurisdiction of choice for private trust companies. Over one thousand such companies have so far been established. Background The…

Fredonia Management Limited Completes Three-cornered BVI Statutory Merger

July 13, 2021

Articles, Christopher Simpson, Corporate & Commercial

BVI Business Companies Act, Christopher Simpson, Cross-border deals, Fredonia Management Limited, three-cornered statutory merger

O’Neal Webster advised Fredonia Management Limited on the listing of its gold and silver exploration business on the Toronto Venture Exchange by way of a three-cornered BVI statutory merger. O’Neal Webster acted as British Virgin Islands counsel to Fredonia Management Limited (Fredonia…

O’Neal Webster Successfully Defends Eastern Caribbean Central Bank in Multi-Million Dollar Claim

May 5, 2021

Caribbean Commercial Bank of (Anguilla) Limited, Eastern Caribbean Central Bank, Eastern Caribbean Court of Appeal, Eastern Caribbean Supreme Court, Nadine Whyte, National Bank of Anguilla Limited, Offshore Finance, Paul Dennis QC

Articles, Banking & Finance, Firm, Litigation, Nadine Whyte, News, Paul Dennis

TORTOLA, BRITISH VIRGIN ISLANDS, May 5, 2021 – The O’Neal Webster legal team of Paul Dennis, Q.C. and Nadine Whyte Laing successfully defended the Eastern Caribbean Central Bank against claims in excess of US $200m in total, brought by the…

New BVI Insurance Code of Conduct to Take Effect July 2021

April 28, 2021

Articles, Christopher Simpson, Corporate & Commercial, Property & Business

BVI Financial Services Commission, BVI Property Law, Commercial Litigation, Insurance Code of Conduct

Insurance Code of Conduct for BVI domestic insurers, insurance intermediaries, and loss adjusters to take effect July 6, 2021 The BVI Financial Services Commission recently announced the issuance of the Regulatory (Insurance Code of Conduct) Code, 2021 (Insurance Conduct Code)…

BVI Introduces Significant New Trust and Estate Legislation

March 16, 2021

BRITISH VIRGIN ISLANDS, March 2021– O’Neal Webster is pleased to confirm that the British Virgin Islands (BVI) Government has introduced a substantial number of changes to its trust and estate legislation following recommendations made by the Trust and Succession Law…

Further Amendments to the BVI’S Trust and Estate Legislation 2021

March 16, 2021

By Christopher McKenzie O’Neal Webster is pleased to be able to advise that, in addition to other ground-breaking changes to its trust and succession laws, which are covered elsewhere, two new statutes, the Property (Miscellaneous Provisions) (Amendment) Act, 2001 and…

BVI Extending Ability to Reseal Foreign Grants of Probate and Administration

March 16, 2021

BVI extending the ability to reseal foreign grants of probate and administration in the territory to numerous other jurisdictions By Christopher McKenzie Background The BVI’s earlier Probates (Resealing) Act, which was enacted in the 1930s, enabled a simplified procedure to…

Additional Amendments to BVI’s Trustee Act Including Re-Introduction of the ‘Old Rule In Hastings-Bass’

March 16, 2021

BVI Trusts, Hastings-Bass Rule

In addition to the ground-breaking reforms relating to the variation of trusts, reserved powers and the ‘firewall’ provisions in the Trustee Act, each of which are covered elsewhere, the BVI legislature has made a number of other amendments to the…

BVI Strengthens Firewall Provisions in Trustee Act

March 16, 2021