In a proclamation published today, the Governor has announced that the BVI Business Companies (Amendment) Act, 2012 will come into force on 15 October  2012. The Amendment Act and the associated BVI Business Companies Regulations, 2012 (which we also expect to take effect 15 October) represent the first significant update to the BVI's corporate law regime since 2006 and introduce a number of measures aimed at keeping the BVI’s keystone corporate legislation up-to-date and attractive.