British Virgin Islands

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British Virgin Islands

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£7.5 million security for costs awarded against foreign litigation funder

In a judgment handed down on 23 May 2017 in The RBS Rights Issue Litigation [2017] EWHC 1217 (Ch), the court ordered a BVI registered litigation funder to pay £7.5 million security for costs.

Law Firm: DLA Piper | Published: 02 June 2017 | Practice Area: Business of law

Rating: 4 people found this useful

Asset-stripping of judgment debtors, freezing injunctions, the limits of tortious liability and reflective loss

David Lewis QC and Richard Greenberg report on Marex Financial Limited v Carlos Sevilleja Garcia [2017] EWHC 918 (Comm).

Law Firm: 20 Essex Street | Published: 04 May 2017 | Practice Area: Statutory Duty and Liability

Importation of yachts into the BVI

The primary issues that a person intending to import a yacht into the BVI needs to consider are import duties and satisfaction of any applicable regulatory/licensing requirements.

Law Firm: Harneys | Published: 09 March 2017 | Practice Area: Transport

One last chance to take advantage of offshore trusts?

The clock is ticking towards April 2017 when the new rules affecting the status of non-domiciled but UK resident individuals as set out in Finance Bill 2017 will take full force and effect.

Law Firm: Harneys | Published: 24 February 2017 | Practice Area: Succession Planning and Trusts

Rating: 2 people found this useful

The Offshore Funds Blog

Why set up an offshore fund at the same time as setting up a US fund?

Law Firm: Harneys | Published: 15 February 2017 | Practice Area: Sales and Asset Finance

Brexit: What does the UK Supreme Court judgment mean for offshore funds?

The article examines the implications of the recent Supreme Court decision concerning Article 50, with particular reference to what the judgment means for offshore funds.

Law Firm: Harneys | Published: 27 January 2017 | Practice Area: Central Government

Notes from a small island: 2016 BVI review and 2017 outlook

This article discusses developments in BVI law, including enforcing share security without a court order, BVI Court rulings, Iran and Italy; and expectations for 2017.

Law Firm: Harneys | Published: 25 January 2017 | Practice Area: Central Government

Cayman adopts amended CRS regulations

The Cayman Islands’ commitment to international transparency standards has been reinforced by its adoption of amended Common Reporting Standards regulations in December 2016.

Law Firm: Harneys | Published: 12 January 2017 | Practice Area: Cross-border: Commercial and International Trade

Rating: 1 person found this useful

The structure of M&A deals in the British Virgin Islands

In an extract from the Global M&A Guide 2017, Robert Briant at Conyers Dill & Pearman looks at British Virgin Islands law governing the takeover (or privatisation) of public companies.

Law Firm: Conyers Dill & Pearman | Published: 09 January 2017 | Practice Area: Merger Control

Rating: 2 people found this useful

Private wealth structuring in the BVI

The BVI’s sophisticated company and trust legislation provides an ideal framework for HNWIs seeking to protect their assets and pass efficiently to the next generation.

Law Firm: Harneys | Published: 07 December 2016 | Practice Area: Private Client

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