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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, 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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BVI FSC Extends Annual Licence Fee Payment Deadline for Certain Licensees

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O'Neal Webster
folder_openBanking & Finance, Christopher Simpson, Corporate & Commercial, Investment Funds & Regulatory, Kerry Anderson, News, Property & Business
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An important notice came from the British Virgin Islands Financial Services Commission (the Commission) on March 23, 2020. The Commission acknowledged the possible business disruptions that the global pandemic COVID-19 may present for certain licensees in complying with the upcoming…
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COVID-19 Notice

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O'Neal Webster
folder_openFirm, News
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Dear Clients, Colleagues, and Friends: Responding to business disruptions is not new to us at O’Neal Webster. Having weathered the impact of Hurricanes Irma and Maria in 2017 puts us in good stead to face and deal with the uncertainty…
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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, 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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O’Neal Webster Managing Partner Elected to Chair of STEP Caribbean and Latin America Region Committee

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O'Neal Webster
folder_openFirm, News, Trusts & Estates, Vanessa King
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FEB 25, 2020. BRITISH VIRGIN ISLANDS – STEP, the global professional body of trust and estate professional advisors, has announced that O’Neal Webster Managing Partner Vanessa King has been elected to chair the STEP Caribbean and Latin America Region Committee for…
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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, 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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BVI ITA Releases Economic Substance Rules

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O'Neal Webster
folder_openArticles, Banking & Finance, Christopher Simpson, Corporate & Commercial, Investment Funds & Regulatory, Kerry Anderson, News, Property & Business
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The International Tax Authority (ITA) in the British Virgin Islands (BVI) has now released the Rules on Economic Substance (the Rules) which provides guidance on the interpretation of provisions under the Economic Substance (Companies and Limited Partnerships), 2018 (the Act). …
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