Christopher McKenzie

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BVI Strengthens Firewall Provisions in Trustee Act

When section 83 A of the British Virgin Islands’ Trustee Act came into effect in 2004 the jurisdiction was regarded as having the most sophisticated and well thought-out ‘firewall’ offering available, but, since then, the territory has arguably fallen behind…

Groundbreaking New Provisions in Variation of BVI Trusts

The British Virgin Islands (BVI) has enacted innovative new trust legislation which includes provisions conferring on the BVI court an additional power to vary BVI trusts. The legislation, which is unique but which was inspired by section 47 of Bermuda’s…

BVI Introduces New Reserved Power Trust Legislation

When trusts in international financial centres are established, settlors will inevitably require a certain level of comfort by ensuring that certain critical powers are reserved by themselves or are granted to others such as protectors. The British Virgin Islands was…

Groundbreaking New Provisions in Variation of BVI Trusts

O’Neal Webster is pleased to confirm that the British Virgin Islands Government has introduced some cutting-edge reforms in relation to the ability of the court to vary BVI trusts without the consent of beneficiaries. The new provisions, which came into…

Making a Will Won’t Kill You

Why Shareholders of BVI Companies and the Owners of BVI Real Property Should Consider Executing Wills Many people tend to put off the preparation of a will to a future date, but there are numerous reasons to grab the bull…
BVI Business Company

MITIGATING BVI BUSINESS COMPANY DISRUPTION

Structure your BVI company shareholding to eliminate or reduce delays associated with probate Ease of operation and flexibility are two of the most attractive features of a BVI business company (BVIBC). However, the death of a shareholder can cause disruption…

BVI Private Client Global Guide

O’Neal Webster is pleased to announce its participation in producing the BVI Private Client chapter of The Legal 500 Private Client Global Guide, a comparative guide to private client questions in key jurisdictions around the world. O’Neal Webster partners Christopher…

BVI Rules Change for Non-Contentious Probate Now in Force

TORTOLA, British Virgin Islands, 28 November 2017 — O’Neal Webster is pleased to report that the Eastern Caribbean Court has adopted new, comprehensive, non-contentious probate rules for the British Virgin Islands. The new rules, which came into force on 1…
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