ABA Journal

FEBRUARY 15, 2023

A lender based in the British Virgin Islands has accused a California lawyer of spending and gambling away more than $10 million that was supposed…

Lawyers 145

Lawyers Lawyer 145

Mondaq

FEBRUARY 1, 2022

Secured Lending Comparative Guide for the jurisdiction of British Virgin Islands, check out our comparative guides section to compare across multiple countries

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JURIST

MARCH 24, 2024

” The decision came after company officials in the Virgin Islands failed to disclose to the court certain identities behind some of the accounts, who were allegedly responsible for the activity. FACUA condemned the decision, calling it “disproportionate.”

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Court 209

Mondaq

SEPTEMBER 9, 2022

The British Virgin Islands (BVI) is recognised across the globe as a leading offshore financial centre which, as at 31 December 2021, had over 368,000 registered companies.

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Mondaq

JANUARY 12, 2022

This guide to British Virgin Islands dispute resolution and litigation includes commentary on litigation funding, initiating a lawsuit, statutes of limitations, representative or collective actions.

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Litigation Litigating Statute 40

Mondaq

AUGUST 26, 2021

British Virgin Islands ("BVI") 'legal entities' are required to report their status on an annual basis pursuant to the Economic Substance (Companies and Limited Partnerships) Act, 2018 (as amended).

Legal 40

Legal Legal 40

The Paralegal Resource

JANUARY 11, 2011

Virgin Islands or income effectively connected with a trade or business in the U.S. Virgin Islands is required to file an income tax return with both the United States and the U.S. Virgin Islands. Virgin Islands will generally have no U.S. Virgin Islands will generally have no U.S.

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Court 40

LegalReader

DECEMBER 15, 2020

The Times revealed that Nazarbayeva owns the buildings via companies located in the British Virgin Islands and in Abu Dhabi.The addresses for the properties range from 215 Baker Street to 237 Baker Street, which includes the fictional address of Sherlock Holmes at 221b Baker Street.

Laws 105

Laws 105

Mondaq

JUNE 1, 2022

In the British Virgin Islands, a ship mortgage is recognized as a charge or encumbrance attached to a vessel as security, guaranteeing the ship owner's obligations as mortgagor.

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Mondaq

APRIL 1, 2022

The government of the British Virgin Islands (BVI) and the BVI Financial Services Commission (FSC) – the principal financial services regulator.

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Government 40

Mondaq

APRIL 28, 2021

Mergers & Acquisitions Comparative Guide for the jurisdiction of British Virgin Islands, check out our comparative guides section to compare across multiple countries

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Mondaq

JANUARY 10, 2022

There has been more heat than light in the area of freezing injunctions in the British Virgin Islands (the "BVI"), in particular in recent years so it comes as a welcome relief that the Privy Council.

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Mondaq

DECEMBER 7, 2021

The British Virgin Islands is currently a fledgling but promising forum for the arbitration of commercial disputes.

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Law 360

NOVEMBER 8, 2022

Virgin Islands mortgage company sued the territorial government for nearly $28 million in tax refunds, saying the government's offer to pay the money back over potentially eight years is unfair and would cost the public too much in interest.

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Government 40

Mondaq

AUGUST 25, 2022

Virtual assets businesses and the gaming industry will be brought into scope under new amendments to anti-money laundering regulations in the British Virgin Islands (BVI).

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Mondaq

JULY 7, 2022

When the Legal Practitioners Act, 2015 (the "LPA") came into force in the British Virgin Islands (the "BVI"), it rewrote the rules governing the legal costs that parties to BVI court proceedings can recover.

Lawyer 40

Lawyer Lawyers Government Legal 40

Mondaq

JUNE 24, 2022

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,

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Mondaq

MAY 12, 2022

In a first for the territory, the British Virgin Islands ("BVI") Commercial Court has granted a worldwide freezing order against persons unknown, being those allegedly responsible for cybercrime.

Court 40

Court 40

Mondaq

MAY 25, 2022

Estate litigation continues to be on the rise across both the Cayman Islands and the British Virgin Islands (BVI), with an increasing number of proceedings involving some form of claim to assets.

Litigation 40

Litigation Litigating Court 40

Mondaq

SEPTEMBER 22, 2021

A recent decision of the British Virgin Islands ("BVI") Commercial Court has seen The Honourable Justice Jack (Ag) clarify the 'aggrieved person' test for an interloper seeking.

Court 40

Court 40

Mondaq

SEPTEMBER 6, 2021

Creative attempts to ‘pierce the corporate veil' sometimes come before the Courts of Bermuda, the British Virgin Islands, and the Cayman Islands.

Court 40

Court 40

Mondaq

OCTOBER 8, 2021

On 4 October 2021, a seven-member panel of the Privy Council (the "Board") issued its judgment in Broad Idea v Convoy Collateral [2021] UKPC 24, which considered the overruling.

Laws 75

Laws 75

At the Lectern

SEPTEMBER 29, 2022

” Chief Justice Tani Cantil-Sakauye is a Conference member.

Laws 93

Laws Court 93

Mondaq

JANUARY 30, 2022

One of the remedies for an oppressed minority shareholder in the Court of the BVI is the just and equitable winding up jurisdiction.

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Court 52

JURIST

NOVEMBER 10, 2021

The transaction was effected in the British Virgin Islands allegedly to evade taxes. The mine was sold through a firm owned by the president’s children to a close friend of the president, Carlos Delano, for $152 million.

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Lawyers Lawyer Legal Legal 118

Mondaq

NOVEMBER 1, 2021

Ogier has partnered with The BVI International Arbitration Centre for their annual conference with the 2021 theme "A Little Big World".

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Mondaq

JANUARY 2, 2022

It has become increasingly common for shareholders to agree that disputes concerning the ownership or management of a company should be referred to arbitration.

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Court 52

Mondaq

SEPTEMBER 29, 2022

As part of our series looking at recent BVI and Cayman Islands cases affecting the Middle East we look at the recent case of Sheikha Amena Ahmed H.A. Al-thani et al v Sheikha Aisha Mohammed Ali Abdullah.

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Mondaq

JANUARY 28, 2022

We predict that in 2022 BVI will continue to be the go to jurisdiction for clients who want a fast and efficient route to market.

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Mondaq

SEPTEMBER 17, 2021

A reverse takeover (RTO) is a transaction by which a publicly traded company acquires all the shares of a target company that has an operating business, but whose shares are privately held.

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Mondaq

OCTOBER 11, 2021

The Judicial Committee of the Privy Council has recently handed down its heavily anticipated Judgment in the conjoined BVI appeals of Broad Idea.

Laws 40

Laws 40

Mondaq

OCTOBER 5, 2021

The Privy Council has today handed down its judgment in Convoy Collateral Ltd v Broad Idea International Limited and Cho Kwai Chee, the so-called "Black Swan" Appeal and a related appeal,

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Mondaq

FEBRUARY 21, 2022

This week, the BVI Commercial Court has handed down judgment in Briefline Assets Ltd v Nikolay Falin and Anor, where the Honourable Mr Justice Jack has clarified how the Court will interpret Civil Procedure Rule 11.7.

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Court 40

JURIST

OCTOBER 4, 2021

Specifically, Alcogal, which is headquartered in Panama, and Trident Trust, which is headquartered in the British Virgin Islands, were both found to have an unusually large number of current and former politicians and public officials as clients. The investigation also highlighted the off-shore system and the major service providers.

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Law Firm Law Firms Legal Legal 104

JURIST

JUNE 30, 2024

This exposure prompted international discussions on financial transparency and offshore banking regulations, highlighting the role of tax havens such as Panama and the British Virgin Islands.

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Construction Court Contract Law Firm 104

Mondaq

SEPTEMBER 4, 2022

The Eastern Caribbean Court of Appeal recently handed down an important judgment in the case of Al-Thani v Al Thani, permitting the enforcement of foreign oral wills in the BVI.

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Court 40

Mondaq

MARCH 29, 2022

BVI business companies are one of the most commonly used offshore vehicles and our expert team frequently advises on the transfer of shares in BVI companies

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Laws 40