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Virgin Territory | BVI Trusts & Estates

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O'Neal Webster
folder_openArticles, Author, Christopher McKenzie, Trusts & Estates
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By Christopher McKenzie For Trusts & Trustees published by Oxford University Press Abstract The British Virgin Islands has recently introduced a substantial number of reforms in relation to trusts and estates. These have been made in addition to those innovations…
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European Court of Justice Judgement on Beneficial Ownership Registers

Judgment of the European Court of Justice justifies BVI’s approach to beneficial ownership registers

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O'Neal Webster
folder_openArticles, Christopher Simpson
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The November 2022 European Court of Justice judgment rejecting the wholesale implementation of public registers of beneficial ownership in the EU has caused quite a stir globally, including within offshore financial centres such as the British Virgin Islands (BVI). It…
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VASP Act 2022 BVI_View of Tortola

Guide to BVI Virtual Assets Service Providers Act, 2022

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O'Neal Webster
folder_openArticles, Banking & Finance, Christopher Simpson, Investment Funds & Regulatory
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In December 2022, the British Virgin Islands (BVI) enacted the Virtual Assets Service Providers Act, 2022 (the Act) which came into force on February 1, 2023. The Act introduces a formal supervisory framework for virtual assets service providers. The Act defines…
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UN General Assembly Adopts Convention on the International Effect of Judicial Sales of Ships

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O'Neal Webster
folder_openA. Hermia Tench, Articles, Shipping & Admiralty
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The United Nations General Assembly adopted the UN Convention on the International Effects of Judicial Sales of Ships on 7 December 2022. The Convention looks to ensure certainty on an international scale regarding legal aspects of a ship’s judicial sale.…
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The British Virgin Islands | Benefits of BVI Ship Registration (Revised 2022)

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O'Neal Webster
folder_openA. Hermia Tench, Articles, Shipping & Admiralty
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BVI Ship Registration Overview The Virgin Islands Shipping Registry continues to make strides in engaging the international community. In the past decade, the BVI has become a sturdy jurisdiction for international registrations. As a Category 1 Registry, many of the…
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Virgin Islands Cabinet appoints O’Neal Webster maritime attorney A. Hermia Tench to the BVI Ports Authority Board

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O'Neal Webster
folder_openFirm, Hermia Tench, News, Shipping & Admiralty
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November 2002, Tortola, British Virgin Islands – O’Neal Webster is pleased to announce that maritime attorney A. Hermia Tench is among the six new board members appointed to the British Virgin Islands Ports Authority Board. Ms Tench will serve a…
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Licensing a Registered Trade Mark in the British Virgin Islands

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O'Neal Webster
folder_openArticles, Feroza Kartick, Intellectual Property
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Known worldwide for its robust shipping registry, trusts, funds, and corporate law sectors, the British Virgin Islands has also emerged as a globally competitive jurisdiction for registering and protecting the intellectual property of BVI companies and independent brand owners. The…
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O’Neal Webster advises Masplay on its acquisition of Nike de Chile Ltda

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O'Neal Webster
folder_openChristopher Simpson, Corporate & Commercial, News, Vanessa King
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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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Important Amendments to the BVI Business Companies Act Take Effect on January 1, 2023

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial
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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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