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Dispositions of assets by a British Virgin Islands company
  • Harneys
  • British Virgin Islands
  • January 11 2013

Although under British Virgin Islands law, companies are (subject to limitations in their constitutional documents) generally free to dispose of

Insolvency position clarified in the BVI
  • Harneys
  • British Virgin Islands
  • April 4 2011

On Friday 1 April, the Court of Appeal handed down its much awaited written judgment in Westford Special Situations Fund Limited v Barfield Nominees et al.

Should set-off rights be registered in the British Virgin Islands?
  • Harneys
  • British Virgin Islands, Canada
  • September 13 2010

Traditionally, the view has been that the right to set off one debt against another does not constitute a security interest but it may be that this position is no longer as clear cut in light of the recent Canadian Supreme Court ruling in Caisse populaire Desjardins de l’Est de Drummond v. Canada, 2009 SCC 29 (Caisse populaire).

Who has custody of your bearer shares?
  • Harneys
  • British Virgin Islands
  • June 24 2010

On the stroke of midnight on 31 December 2009, all bearer shares not deposited with an authorised or recognised custodian or converted into registered shares were disabled.

Poison pills: ways a BVI company can avoid a hostile takeover
  • Harneys
  • British Virgin Islands
  • May 25 2009

In recent months companies have been faced with an increasingly challenging business environment.