We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 68

Court gives guidance on Section 175 procedure
  • Harneys
  • British Virgin Islands
  • February 14 2013

Until recently, it was a matter of conjecture as to how the 'usual or regular course of business' exception to Section 175 of the Business Companies Act should be applied with respect to single purpose vehicles which hold a single asset


Green light for liquidators to draw interim payments without fee approval
  • Harneys
  • British Virgin Islands
  • November 10 2016

On September 20 2016 the BVI Commercial Court clarified whether the BVI Insolvency Act 2003 provides a basis for liquidators to draw fees on account


BVI leave requirements in derivative actions by foreign companies
  • Harneys
  • British Virgin Islands
  • October 27 2016

Do shareholders of foreign companies require leave to bring derivative proceedings in the British Virgin Islands? Facts The BVI Commercial Court


Unfair prejudice and beneficial shareholders: a confused noise
  • Harneys
  • British Virgin Islands, United Kingdom
  • November 23 2016

While the position regarding the standing of struck off companies in BVI is relatively clear (see last year's English Commercial Court decision of


Exercise of discretion to wind up company not "head-counting exercise"
  • Harneys
  • British Virgin Islands
  • March 24 2016

Although the wishes of the majority of creditors (whether in number or by value) is an important factor in many decisions made in insolvency


Derivatives, double derivatives and unfair prejudice
  • Harneys
  • British Virgin Islands
  • February 7 2013

N a recent decision concerning Sections 184C and D of the BVI Business Companies Act 2004, Microsoft made an application for leave under Section 184C


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


TIEAs - A modern day Scylla and Charybdis?
  • Harneys
  • British Virgin Islands, OECD
  • October 4 2016

The British Virgin Islands operates one of the most robust and accountable regulatory systems in the world. It is more compliant with global


Privy Council clarifies power to rectify share registers of BVI companies
  • Harneys
  • British Virgin Islands
  • May 21 2015

On January 21 2015 the Privy Council handed down its decision in Nilon Limited v Royal Westminster Investments SA (2015 UKPC 2), clarifying the


Cayman decision of Herald Fund SPC
  • Harneys
  • Cayman Islands
  • September 29 2016

The Cayman Islands Court of Appeal decision in In the matter of the Herald Fund SPC (In Official Liquidation) has provided some clarity on the