Latest Briefings

BVI vs Hong Kong: The inconvenience of forum non conveniens

The British Virgin Islands Commercial Court in the recent judgment of Oscar Trustee Limited v MBS Software Solutions Limited BVIHC(Com) 2021/0022, once again considered whether the BVI was an appropriate forum to bring a claim. In this instance, the Defendant argued that Hong Kong was a more appropriate jurisdiction for the claim to be tried.

Securing funding with NFTs, the new kids on the blockchain

Non-fungible tokens (NFTs) have revolutionised how artists sell their art; now, artists are hoping that NFTs can revolutionise how they fund their art. Recently, the sale of collectible NFTs has funded the production of two television projects: Stoner Cats and The Gimmicks.

Economic Substance Q4 2021: Changes to BVI economic substance regime

Prior to the amendments introduced by the Economic Substance (Companies and Limited Partnerships) (Amendment) Act, 2021, the type of entities falling within scope of the BVI’s economic substance regime under the Economic Substance (Companies and Limited Partnerships) Act, 2018 included, among others, limited partnerships with legal personality. With effect from 30 June 2021, the scope of the regime was broadened to include limited partnerships without legal personality.


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