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Redomiciling to the BVI: A wise choice for many companies in the COVID-19 era

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial, Investment Funds, Regulatory & Digital Assets
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Companies often consider “what if” they could transfer to another jurisdiction based on what is currently happening in their jurisdiction, or simply to take advantage of the regime and benefits offered by another jurisdiction. This era of COVID-19 is unprecedented…
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BVI

O’Neal Webster Advises on JPY 3.8 Billion British Virgin Islands Plan of Arrangement

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O'Neal Webster
folder_openArticles, Banking & Finance, Christopher Simpson, Nadine Whyte, News
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O’Neal Webster has advised on a JPY 3.8 billion British Virgin Islands plan of arrangement which was recently approved by the Eastern Caribbean Supreme Court (British Virgin Islands) on April 6, 2020. Articles of arrangement were subsequently filed with the…
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Virgin Islands Supreme Court Building

Eastern Caribbean Supreme Court Adopts Measures for Alternative Effect Of Service On BVI Business Companies

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O'Neal Webster
folder_openArticles, Asha Johnson-Willins, Banking & Finance, Corporate & Commercial, Investment Funds, Regulatory & Digital Assets, News, Property & Business
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Prior to the impact of COVID-19, effect of service of a claim form or other document on a BVI Business Company was attained by the physical delivery of service at the company’s registered office or registered agent’s office.  On 23…
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Eastern Caribbean Supreme Court Adopts Measures to Ensure Continuity in Response to COVID-19 Impact

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O'Neal Webster
folder_openArticles, Firm, Litigation, Nadine Whyte, News, Paul Dennis
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O’Neal Webster hopes that you, your family, your co-workers, and communities are staying healthy and positive during these challenging times. With the surge of the new coronavirus COVID-19 cases around the globe, and now in the Caribbean, all major stakeholders…
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What BVI Employers Need to Know and Do in the Present COVID-19 Business Environment

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O'Neal Webster
folder_openArticles, Banking & Finance, Corporate & Commercial, Jenelle Archer, Property & Business
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Over the past few weeks, British Virgin Island authorities and the business community have been actively monitoring the rapidly evolving COVID-19 disease. With the surge of reported cases around the world, and now in the Caribbean, all major stakeholders in…
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Making a Will Won’t Kill You

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O'Neal Webster
folder_openArticles, Christopher McKenzie, Jenelle Archer, Property & Business, Trusts & Estates
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Why Shareholders of BVI Companies and the Owners of BVI Real Property Should Consider Executing Wills Many people tend to put off the preparation of a will to a future date, but there are numerous reasons to grab the bull…
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O'Neal Webster-BVI Law- Road town on Tortola the capital of British Virgin islands

EU Upgrades BVI to Whitelist Status

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Investment Funds, Regulatory & Digital Assets, Kerry Anderson, News, Shipping & Admiralty
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BVI government welcomes whitelist status announcement. Blacklist expands to include 12 jurisdictions. On 18 February 2020, EU Finance Ministers updated the EU list of non-cooperative tax jurisdictions, upgrading the British Virgin Islands to whitelist status, which designates the country as a fully…
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New Regime for BVI Closed-End Funds Brings Major Changes

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O'Neal Webster
folder_openArticles, Investment Funds, Regulatory & Digital Assets, Kerry Anderson, News
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The British Virgin Islands government recently passed new legislation affecting the funds industry. In particular, the new BVI Securities and Investment Business (Amendment) Act, 2019 institutes a supervisory regime for closed-ended funds, with the following major changes. Most closed-ended funds will…
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