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Harneys

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Types of companies under the BVI Business Companies Act, 2004

British Virgin Islands - February 20 2009 The BVI Business Companies Act, 2004 (as amended, the Companies Act) offers a wide choice of corporate vehicles

Shares and distributions under the BVI Business Companies Act, 2004

British Virgin Islands - February 20 2009 Under the BVI Business Companies Act, 2004 (as amended, the Companies Act) there is no requirement for a company to have a stated authorised share capital

A comparison of Cayman and US funds

Cayman Islands, USA - February 10 2017 It's a frequently asked question, particularly with start-up and emerging managers

Grants ad colligenda bona securing estate assets at risk pending administration

British Virgin Islands - December 6 2011 When the assets of an estate are endangered by delay in its administration, the court has a general power to make a limited grant of administration in order to preserve assets of the deceased within the jurisdiction without waiting until those entitled to a grant have applied

BVI trusts: an overview

British Virgin Islands - November 7 2012 A trust is a legal relationship created when a person (the settlor) places assets under the control of another person (the trustee) for the benefit of beneficiaries or a specific purpose

Forum shopping, Chapter 11 and just and equitable winding up

British Virgin Islands, USA - January 12 2018 ‘FORUM SHOPPING’ is the practice of choosing the most favourable jurisdiction in which to bring a claim. It is often used as a pejorative - a form of

BVI directors under the microscope: Proper purpose rule examined in important judgment for fiduciaries

British Virgin Islands - January 12 2018 In its November ruling, the BVI Court of Appeal carefully considered whether a fresh issuance of shares by directors was done for a proper purpose or

New developments in litigation funding in the Cayman Islands

Cayman Islands - December 22 2017 The Grand Court of the Cayman Islands recently released its ruling in A Company v A Funder (unreported, 23 November 2017, Justice Segal

Procedures for recognition and enforcement of foreign judgments in the British Virgin Islands

British Virgin Islands, Global - November 16 2017 A structured guide to the procedures for recognition and enforcement of foreign judgments in the British Virgin Islands

Litigation: Enforcement of foreign judgments in the British Virgin Islands

British Virgin Islands, Global - November 16 2017 A structured guide to the recognition and enforcement of foreign judgments in the British Virgin Islands