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Results:1-10 of 87

BVI announces AIFMD Opt-In Regime
  • Harneys
  • British Virgin Islands, European Union
  • October 14 2016

Subsequent to the announcement by the European Securities and Markets Authority (ESMA) on 19 July 2016 - summarised in our article on ESMA passporting


The British Virgin Islands and investment funds
  • Harneys
  • British Virgin Islands
  • January 3 2013

This Guide provides an overview of the various investment fund vehicles available in the British Virgin Islands. This Guide concentrates on regulated


BVI law holds even keel between rights of investors and rights of mutual funds
  • O'Neal Webster
  • British Virgin Islands
  • October 31 2012

Fund investors and the fund industry globally should take note of the recent decision of the Eastern Caribbean Supreme Court Appellate Division’s (the “Court of Appeal”) in Madoff related litigation.


BVI hedge fund overview
  • Bedell Cristin
  • British Virgin Islands
  • May 16 2012

The BVI Securities and Investment Business Act (the "SIBA") and the Mutual Fund Regulations (the "Regulations") under which all hedge funds are regulated defines a mutual fund as a company, partnership or unit trust which:.


Special purpose acquisition companies (SPACs)
  • Ogier
  • British Virgin Islands, Cayman Islands, Guernsey, Jersey
  • November 7 2011

Following the recovery from the recent financial crisis, there has once again been a growing interest in special purpose acquisition vehicles (SPACs) and offshore jurisdictions such as Jersey, Guernsey, Cayman and the British Virgin Islands are increasingly being used for both the creation and ongoing business structure of such vehicles.


BVI court dismisses Madoff-related fairfield claim
  • Harneys
  • British Virgin Islands
  • October 10 2011

Less than a month after ruling on certain preliminary issues, the BVI court has ruled that the Madoff-related claim brought by Fairfield is unsustainable and should be dismissed.


Redemption of shares and consideration
  • Harneys
  • British Virgin Islands
  • September 22 2011

In a decision of interest in a number of jurisdictions where these types of claims have been made, the BVI Commercial Court handed down judgment today in the claim brought by the liquidators of Fairfield Sentry Limited, a BVI fund which invested in Bernard Madoff’s investment vehicle.


BVI court hands down preliminary issues decision in claims brought by liquidators of Bernard Madoff "feeder fund"
  • Ogier
  • British Virgin Islands
  • September 16 2011

On 16 September 2011 judgment was handed down by the BVI Commercial Court in a number of cases that have been brought by the liquidators of Fairfield Sentry Limited (“Fairfield”), a "feeder fund" into Bernard L Madoff Investment Securities Limited (“BLMIS”), against a number of investors that historically redeemed out of the fund (the "Fairfield judgment").


A year of SIBA
  • Harneys
  • British Virgin Islands
  • June 29 2011

The Securities and Investment Business Act, 2010 (“SIBA”) came into force in May 2010.


'Blank cheque' preferred shares and BVI companies
  • Harneys
  • British Virgin Islands
  • June 29 2011

In relation to private placements, joint ventures or at times public listings, BVI companies are sometimes structured so as to be able to issue what is known as “blank cheque preferred shares”.