Overriding the original Register of Members held abroad: BVI Commercial Court confirms its power to reconstitute a register of members

Jeremy Lightfoot and Catie Wang discuss the recent case in which the BVI Commercial Court has confirmed that the Court has the jurisdiction to appoint the company’s registered agent to reconstitute the register of members and for that reconstituted register to stand as the register of members of the company going forwards.

Related briefings

Cayman trusts: A toolbox for tough times

With trust assets becoming more unusual in nature, beneficiaries establishing careers and family homes across the globe, and the regulatory environment growing increasingly complex, the modern trustee can be faced with a wide range of issues to address and challenges to overcome.

Implementation of court orders involving non-parties – a warning from Guernsey

Family practitioners are well-versed in avoiding potential pitfalls of implementing and enforcing settlements agreed in the family courts. Particular difficulties can arise where an order requires steps to be taken by non-parties resident outside the jurisdiction of the relevant court, potentially requiring unexpected further (and avoidable) litigation to give effect to such an order.

A practical guide to setting up a family office in Jersey

Around the world family offices are growing in number. Family offices are increasingly becoming the organisation of choice for very wealthy families because they can be tailored to meet the individual needs of the families establishing them.

Relocation: Your move to Jersey…

For decades, Jersey has opened its doors to a limited number of individuals and businesses attracted not only by the Island’s charm and beauty but also by the many advantages to be gained from its location. Here, Carey Olsen property partner Christopher Philpott summarises some of the key points to consider.

Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

Recommended

cathay pacific

The deals that closed last week: Cathay Pacific, furniture and Taylor Wimpey

As Covid-19 rocks the aviation industry, Linklaters, Clifford Chance and DLA Piper each had a hand in the $5bn (£4bn) bailout of Hong Kong’s flag-carrier, Cathay Pacific. The Hong Kong government-backed recapitalisation plan is aimed at shoring up the airline, providing £2.7bn in the form of preference shares, warrants and a loan. The government will […]

bank cheque

BLM suspends partner distributions for 2020

BLM has suspended partner distributions for 2020 and scrapped bonuses to deal with the financial impact of Covid-19. The insurance specialist confirmed that as well as not making distributions this year, it has reduced drawings for equity partners, scrapped bonuses and deferred pay rises. BLM has not confirmed how much partner drawings will be cut […]

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