BVI Trust Law Update

By Peter Goddard, executive director of Forbes Hare Trust Company. peter.goddard@forbeshare.com +1 345 815 0707 New Trust legislation in the BVI has broadened the range of trust options available to private clients and enhanced BVI trust legislation by making some welcome modifications that increase the attractiveness of BVI trusts as part of international wealth planning…

BVI Trade Marks Act 2013

By Karen Gilbert, senior associate and Alfida Cruz, associate. The British Virgin Islands (the “BVI”) has recently reformed its trade mark legislation with the enactment of the Trade Marks Act, 2013 (the “New Act”).  T New Act has been passed but has not yet come into force.  The New Act will repeal the Trade Marks…

FATCA and G8 Update

By Karen Gilbert, senior associate and Christina Kish, associate. karen.gilbert@forbeshare.com or  christina.kish@forbeshare.com In the recent ‘Open for Growth’ meeting held on 15 June 2013 with the UK Prime Minister, just prior to the G8 Summit on 17-18 June 2013, a number of offshore jurisdictions, including the Cayman Islands and the BVI, agreed to a continued commitment…

Marketing of BVI and Cayman alternative investment funds in the EU – further steps taken towards AIFMD compliance

catherine.ross@forbeshare.com +44 207 0143 224 The Alternative Investment Fund Managers Directive (AIFMD) comes into force on 22 July 2013 and is the outcome of a G20 consensus for closer regulatory oversight of the alternative investment funds sector, including hedge funds, private equity funds and real estate funds. Once in force, the AIFMD will primarily affect…

New Registration Requirement in the British Virgin Islands (BVI) for Non-Profit Organisations

This brief update provides an introduction to the new registration requirements in the British Virgin Islands (BVI) for non-profit organisations. 1. Introduction On 1 January 2013 the Non-Profit Organisation Act, 2012 (the “Act”) came into force which introduced the need for NPOs operating in the BVI to be registered under the Act. The Act is part of the…