BVI Commercial Court demonstrates ability to protect interests of US investors in BVI companies

In a decision of Justice Jack published on 3 March 2021 the BVI Commercial Court reinforced its reputation by demonstrating its ability to act effectively to protect the interests of US investors in BVI companies.

Related briefings

Using provisional liquidation offshore to preserve bondholder claims under keepwell deeds

Offshore companies are frequently used to facilitate debt finance transactions for large PRC based corporate groups. In the context of a bond issue, the corporate group will often incorporate an offshore subsidiary for the sole purpose of acting as the bond issuer. Bondholders, naturally, expect some form of credit protection, which the offshore subsidiary cannot […]

Latest Briefings

Spanish legal regulations on Foreign Direct Investment

Foreign direct investment (FDI) (Inversión Extranjera Directa) involves the transfer of capital by economic entities from one country to another country, with the intention of establishing businesses or subsidiaries there, as well as acquiring or obtaining a relevant shareholding in foreign companies.

British Virgin Islands – Voluntary liquidations for first half-year companies

As annual British Virgin Islands (“BVI”) Registry fees are now payable for those BVI companies that were incorporated or registered in the first half of the year, it is time to start planning the liquidation of those entities that have reached the end of their life cycle, to ensure that unnecessary Registry fees are not incurred.

IR35 rules now extended to private sector businesses

The IR35 rules were extended to cover all medium and large organisations in the private sector. Under the reforms these businesses are now responsible for determining whether their contractors fall inside or outside the scope of IR35, rather than the workers themselves.

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Bryan Cave Leighton Paisner, BCLP

BCLP partner to pursue phone-hacking claim against Mirror Group

A decade since launching an initial phone-hacking claim against News Group, Bryan Cave Leighton Paisner (BCLP) disputes partner Graham Shear is pursuing a separate lawsuit against Mirror Group Newspapers (MGN), The Lawyer can reveal. Shear has instructed Shoosmiths and 5RB’s David Sherborne for his claim against Mirror Group, which was issued in June 2020, while […]

Judgments of note: The Good Law Project and Shamima Begum

Good Law Project -v- Secretary Of State For Health And Social Care The Administrative Court handed down the first judgment in what could prove to be a wave of litigation challenging government conduct throughout the pandemic.  In Good Law Project v Secretary Of State For Health And Social Care, the court ruled in favour of […]

Clifford Chance’s digital arm CEO departs after three years

The chief executive officer of Clifford Chance‘s digital products unit Applied Solutions has left the business after three years. Jeroen Plink, the New York-based leader of the firm’s unit, has departed after growing the arm from a concept to a revenue-generating venture. Turnover first reached around £610,934 last year, matching an aim revealed by The Lawyer when the […]

Accountancy firm’s GC moves over to Clydes

Clyde & Co has hired a partner in its London office from accountancy firm RSM. Penrose Foss joins the firm’s London office after almost a decade as RSM’s general counsel. She joins the firm’s accountants’ liability and regulatory investigations team. Foss has experience of advising on risk management issues as well as defending complex, high-value […]

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