Corporate & Commercial

Articles and news about BVI corporate and commercial law and transactions.

The Reverse Takeover: A BVI perspective

A reverse takeover (RTO) is a transaction by which a publicly traded company acquires all the shares of a target company that has an operating business, but whose shares are privately held. By virtue of the RTO, shareholders of the…
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Fredonia Management Limited Completes Three-cornered BVI 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…
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New BVI Insurance Code of Conduct to Take Effect July 2021

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)…
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BVI Approved Fund Managers and Their Ongoing Obligations

The Approved Fund Manager regime in the British Virgin Islands, which has been in force since 2012, has found tremendous success with fund managers, globally. The regime is particularly attractive for start-ups, but also well suited for established small and…
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Sandbox_BVI Fintech Regulatory

INTO THE SANDBOX: FINTECH INNOVATION IN THE BVI

BVI Launches Regulatory Sandbox for Fintech Sector On August 31, 2020, the Financial Services (Fintech Regulatory Sandbox) Regulations 2020 came into force, significantly enhancing the British Virgin Islands regulatory framework and providing room for innovation in the fintech sector. The…
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O’Neal Webster Acts for Scotiabank on the Sale of its BVI Operations

O’Neal Webster advised The Bank of Nova Scotia, a leading bank in Canada and leading financial services provider in the Americas, on the sale of its British Virgin Islands operations to Republic Financial Holdings Limited. The O’Neal Webster team was…
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The Striking Off and Restoration of BVI Companies

By Asha Johnson-Willins British Virgin Island law sets out clear procedures for striking off, dissolution, and restoration of BVI companies. Governed by the BVI Business Companies Act and the Insolvency Act, the procedures apply to BVI Business Companies as well…
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Redomiciling to the BVI: A wise choice for many companies in the COVID-19 era

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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Virgin Islands Supreme Court Building

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

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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