Corporate & Commercial

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

O’Neal Webster advises Masplay on its acquisition of Nike de Chile Ltda

O’Neal Webster acted as British Virgin Islands counsel to Masplay, S.A. and its wholly owned subsidiary Equinox Los Andes SPA on its multimillion-dollar acquisition of Nike de Chile Ltda. Masplay is the leading Andean region marketer and distributor of athletic…
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The Latest Developments in the BVI’s Business-Friendly Corporate Law Regime 

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

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 Financial Services Commission Announces New Arrangement for Regulated Oversight

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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O’Neal Webster Partner Dan Wise Ranked in Chambers 2022 Global Guide for Excellence in BVI Dispute Resolution

folder_openCorporate & Commercial, Dan Wise, Firm, Litigation
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March 28, 2022 – TORTOLA – O’Neal Webster is pleased to announce that Chambers and Partners has recognized O’Neal Webster Partner Dan Wise in the 2022 edition of its Global Guide for his exceptional work in British Virgin Islands dispute…
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BVI FSC Recognises Fusang Exchange as its First Digital Securities and Asset Exchange

The British Virgin Islands Financial Services Commission (FSC) has recently recognised Asia-based Fusang Exchange Ltd as its first digital securities and asset exchange. The Exchange was recognised by way of an amendment to the British Virgin Islands Regulatory Code (Recognised…
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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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