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Corporate & Commercial

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

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RIP: Winding up a BVI Company Through Voluntary Liquidation

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O'Neal Webster
folder_openArticles, Corporate & Commercial
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“All good things must come to an end.” – Well-known saying by Geoffrey Chaucer (1374). Why Choose Voluntary Liquidation BVI companies are commonly incorporated without a specific termination period. However, once they have served their useful business purpose their owners…
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BVI Capital Economics Study and History of International Trade Vindicates Offshore Centre

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O'Neal Webster
folder_openArticles, Banking & Finance, Corporate & Commercial, Investment Funds, Regulatory & Digital Assets
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International Trade The history of trade can be traced back for thousands of years, from the early days of bartering to the introduction of money, and now, modern, complex trade and finance arrangements between individuals, countries, and international trade groups.…
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BVI Supports Two Million Jobs Globally, Says Independent Report

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O'Neal Webster
folder_openCorporate & Commercial, News
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June 2017, TORTOLA—New data released June 21, 2017 show that the British Virgin Islands financial services industry supports roughly two million jobs in global investment and trade, worldwide. The independent study by Capital Economics found that the BVI mediates over…
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Protect Your BVI Business Company Assets

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Property & Business
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For years, the BVI Business Companies Act has provided an attractive and appropriate vehicle to hold property in the BVI and abroad, many finding it a particularly useful strategy in estate planning. But persons who neglect their BVI Business Company…
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New Guidelines for Insolvency Cases Being Tested in The Eastern Caribbean Supreme Court

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O'Neal Webster
folder_openCorporate & Commercial, Litigation, Nadine Whyte, News, Paul Dennis
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The Eastern Caribbean Supreme Court recently acted to increase coordination, cooperation, and communication among courts in cross-border proceedings of insolvency or debt adjustments, joining Singapore, Delaware, Bermuda, England and Wales, and the Southern District of New York in adopting the…
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Jamaica’s Consumer Protection Laws

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O'Neal Webster
folder_openArticles, Corporate & Commercial
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This Q&A excerpt from Christopher Simpson on Jamaica’s consumer protection laws was first published in the Dialogue’s “Latin America Financial Services Advisor,” April 5, 2017. Q: Jamaica’s government is planning to create a new financial services consumer protection agency. Finance…
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BVI Hosts International Disputes at New, State of the Art Arbitration Centre

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Litigation, News
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There is no dispute that the 2017 hard-opening of the new ‘state of the art’ British Virgin Islands International Arbitration Centre signals the BVI’s intent to become the leading arbitral and dispute resolution destination in the Caribbean. The Centre, an…
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UK Inheritance Tax Deadline Looms for “De-enveloping” your BVI Company

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O'Neal Webster
folder_openArticles, Corporate & Commercial, News, Trusts & Estates
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The UK Government’s recent consultation on tax reforms in respect of non-domiciled individuals, whether resident or not, has resulted in a shake-up of company law. The UK has announced that from April 6, 2017, residential property in the UK held…
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