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BVI Wills and the Impact of Non-BVI Laws

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O'Neal Webster
folder_openArticles, Christopher McKenzie, Trusts & Estates
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Private international law issues which need to be considered both before and after preparing a British Virgin Islands will disposing of shares in a British Virgin Islands company. Abstract This note considers the need, when preparing wills disposing of shares…
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Digital Asset Industry: BVI Rises to the Top, Offers a Balanced Regulatory Regime

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O'Neal Webster
folder_openArticles, Investment Funds & Regulatory, Kerry Anderson
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Bitcoin’s recent surge in value, climbing from around US $21,000 per Bitcoin to over US $70,000 (currently circa US $69,000), has been a significant development. This, coupled with the introduction of mainstream ETFs in the U.S. and the discussions around…
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Encouraging Successful Succession: Estate planning options for shareholders of BVI companies

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O'Neal Webster
folder_openArticles, Christopher McKenzie, Trusts & Estates
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By Christopher McKenzie¹ Shortly after the International Business Companies Act (IBC Act) came into force in 1984, the British Virgin Islands (BVI) became one of the world’s most utilised jurisdictions for the incorporation of international business companies; these companies have…
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Civil Procedure Takes a Bold Step: Unravelling the changes to service out of the jurisdiction and the Civil Procedure Rules in the British Virgin Islands

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O'Neal Webster
folder_openArticles, Litigation, Paul Edwards, Trusts & Estates
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Oxford University Press recently published OW attorney Paul Edwards’ article in the Trusts & Trustees Journal: “Civil Procedure Takes a Bold Step: Unravelling the changes to service out of the jurisdiction and the Civil Procedure Rules in the British Virgin Islands.”…
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Chambers Global 2024 Names Christopher Simpson Among Outstanding Corporate, Finance & Funds Practitioners in the British Virgin Islands

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial, Investment Funds & Regulatory
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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

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O'Neal Webster
folder_openArticles, Banking & Finance, Christopher Simpson, Corporate & Commercial, Firm, Investment Funds & Regulatory, Kerry Anderson, Litigation, Paul Dennis, Vanessa King
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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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Explainer: New Rules for BVI Non-Belonger Landholders

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O'Neal Webster
folder_openArticles, Jamealya Fahie, Property & Business
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The BVI (British Virgin Islands) Ministry of the Environment, Natural Resources and Climate Change (the Ministry) adopted new Non-Belonger Landholder Licensing process rules. Automatic rental permission is one of several welcome policy changes. The updated procedures—Policy No. 1 of 2023—were…
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New Annual Financial Return Filing for BVI Companies Commences 2024

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial, Kerry Anderson
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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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Virgin Islands Shipping Registry to Become a Statutory Body

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O'Neal Webster
folder_openA. Hermia Tench, Articles, Shipping & Admiralty
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The Virgin Islands Shipping and Maritime Authority Act, 2023 successfully received assent on October 16, 2023. It is now imminent that The Virgin Islands Shipping Registry will become independent of the Central Government of the Virgin Islands and carry out…
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How to Save Your BVI Company From Insolvency

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O'Neal Webster
folder_openArticles, Author, Corporate & Commercial, Investment Funds & Regulatory, Kerry Anderson
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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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