Limited Partnership Act (British Virgin Islands) enacted

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Dealing with the death of a sole director

By Matthew Brown Many BVI companies have only one director/shareholder. When that individual dies, the company can be left in a vulnerable position, especially if the company faces pending or contemplated court proceedings. Conyers’ Matthew Brown suggests ways of handling this difficult situation…

The BVI extends visa exemption to PRC nationals

By Robert J.D. Briant and Christopher W.H. Bickley The British Virgin Islands (“BVI”) Government has enacted a measure which exempts nationals of the People’s Republic of China from the need to apply for a visa to visit the BVI for up to six months for business or tourism purposes. The Order dated 5 July 2018 […]

Privy Council exercises its leverage to dismiss appeal

By Ben Hobden and Spencer Vickers On 18 June 2018, the long-running case of Al Sadik v Investcorp Bank BSC and ors reached its conclusion in the Privy Council. Investment managers will welcome the Privy Council’s dismissal of the appeal by Mr Al Sadik. The Privy Council found that the Cayman Islands Court of Appeal and […]

Bermuda: Setting up a class 2 captive insurer

A company may be licensed as a Class 2 insurer if it is owned by two or more unrelated persons and intends to carry on insurance business at least 80% of which consists of insuring the risks of those persons and their affiliates. A Class 2 insurer may also write business which is not a […]

Latest Briefings

India: The age of telephony has arrived

On 19 June 2018, the Department of Telecommunications, Government of India (DoT) finally provided its nod to several key recommendations (Recommendations) made by the Telecom Regulatory Authority of India (TRAI) on the Regulatory Framework for Internet Telephony in October 2017. DoT has released a clarification (Clarification) and certain amendments to existing licenses (Amendment), both of […]

Claims management companies: The new regulatory regime

Walker Morris Banking Litigation partners Louise Power and Rob Aberdein explain the new regulatory regime and the Financial Conduct Authority’s proposals for changes to the regulation of claims management companies across England, Wales and Scotland…

Adjudication Matters – July 2018

The Courts have re-affirmed that, despite a contract containing an express right of set-off, it is only in exceptional circumstances that a party will be entitled to set-off another claim against an Adjudicator’s award. This case serves as a helpful reminder that a right to set-off is unlikely to apply to an Adjudicator’s decision. The […]

Two EU regulations on UCITS/AIFMD asset segregation requirements for depositaries upon delegation

On 12 July 2018, the European Commission adopted two delegated regulations supplementing the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investment in Transferable Securities Directive (UCITS) on the safekeeping of assets by depositaries and their delegates. Their main purpose is to eliminate discrepancies among different national regulations. The following aspects will […]

Sleeping time is not working time says Court of Appeal

By Siobhan Fitzgerald The social care sector is breathing a sigh of relief after the Court of Appeal in Royal Mencap Society v Tomlinson-Blake reversed previous cases and decided that only time spent awake and working should be counted as working time for the purposes of calculating the national minimum wage.

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Tikit’s Carpe Diem release includes forecasting and project management

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Conyers announces new head of BVI office

Conyers Dill & Pearman is pleased to announce the appointment of Partner, Mark Forte as Head of the Firm’s British Virgin Islands office. He succeeds Robert Briant, who has led the BVI office since April 1999. Conyers was the first international firm to arrive in the BVI. Mark joined in 2004 to launch and lead […]

Wolf Theiss continues support for Women’s Entrepreneurship Foundation

Wolf Theiss has completed its first year of partnership with the Women’s Entrepreneurship Foundation (Fundacja Przedsiębiorczości Kobiet) and Black Swan Fund in Poland and announced plans for closer cooperation as part of the international law firm’s commitment to supporting development and social capital among women. During the first year of the collaborative effort with the […]

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