Corporate & Commercial

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

Chambers Global 2024 Names Christopher Simpson Among Outstanding Corporate, Finance & Funds Practitioners in the British Virgin Islands

TORTOLA – Congratulations to O’Neal Webster Partner Christopher Simpson, who is again ranked by Chambers Global among outstanding Corporate, Finance, & Funds practitioners in the BVI for the 2024 edition. Chambers rankings are a definitive mark of excellence across the…
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Chambers Global 2024 Recognises O’Neal Webster’s Dispute Resolution, Corporate, Finance and Funds Practices

We are delighted to share that O’Neal Webster has again been recognised in Chambers Global Guide 2024 for the British Virgin Islands jurisdiction in Dispute Resolution and Corporate & Finance, including Funds categories. Chambers rankings are a definitive mark of…
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New Annual Financial Return Filing for BVI Companies Commences 2024

Amendments to the BVI Business Companies Act, 2004, and BVI Business Companies Regulations, which took effect on January 1, 2023, require BVI companies to file an annual financial return (AFR) containing specified financial information. The filing must be made with…
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How to Save Your BVI Company From Insolvency

The world has witnessed the failure of several banks over the past months, starting with Silicon Valley Bank and Signature Bank in the United States, followed by the collapse of the 167-year-old global firm Credit Suisse. These bank failures can…
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British Virgin Islands reinstated to EU’s list of cooperative jurisdictions for tax purposes

We are pleased to announce that following a meeting of the European Union’s Economic and Financial Affairs Council on October 17, 2023, the British Virgin Islands (BVI) has been removed from the EU’s list of non-cooperative tax jurisdictions for tax…
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Christopher Simpson Named to Lead O’Neal Webster’s Corporate & Commercial Department

TORTOLA, British Virgin Islands, 8 June 2023 – O’Neal Webster is pleased to announce the appointment of Partner Christopher Simpson as Head of the firm’s Corporate & Commercial Department. In this role he will oversee the growth and development of…
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BVI Statutory Mergers: A valuable tool for business combinations and restructurings globally

The BVI statutory merger process is recognized globally and has been used effectively for many years. However, today, more global entities increasingly use BVI statutory mergers in high-value cross-border transactions. This shift substantiates the BVI’s corporate regime, which is valued…
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O’Neal Webster Partner Christopher Simpson Ranked by Prestigious Chambers and Partners Global Guide

TORTOLA – Feb 20 2023 – O’Neal Webster is pleased to announce that Chambers Global Guide has named Partner Christopher Simpson in its 2023 edition as a ranked lawyer in area of British Virgin Islands Corporate & Finance, including Investment…
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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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