Forbes Hare was the victim of a “ransomware” cyber-attack which took place between 19 and 21 May 2021. Fortunately, the attack was substantially contained and no servers (on which the vast majority of client data resides) were compromised. We worked with external Cyber Incident Response specialists to identify the cause of the incident, to contain…
British Virgin Islands Cayman Islands Nevis London New Zealand Singapore Guide to British Virgin Islands Segregated Portfolio Companies This guide provides an introduction to British Virgin Islands (the “BVI”) Segregated Portfolio Companies which are formed under the BVI Business Companies Act, 2004 (the “Act”), as amended by the BVI Business Companies (Amendment) Act, 2018, the…
Background – Old Act Under the old Partnership Act 1996 of the British Virgin Islands (“Old Act”) limited partnerships were not a separate legal entity from their partners. Partnership under the Old Act is defined as the relation which subsists between persons carrying on business in common with a view to a profit. In other…
This note provides a general introduction to the British Virgin Islands (“BVI”) beneficial ownership regime that has created a secure, non-public search platform called BOSS (Beneficial Ownership Secure Search System). 1. The legislation On 30th June 2017, the Beneficial Ownership Secure Search System Act, 2017 (the “Law”) came into force (although the deadline for full…
Hurricane Irma hit the BVI on September 6. As has been widely reported, Irma caused severe damage to buildings and infrastructure in the islands. Our thoughts remain with all those affected. We gratefully acknowledge the kind messages of support from our friends, clients and colleagues. We are happy and relieved to report that…
Hurricane Irma hit the BVI on September 6. Irma was the most severe Atlantic hurricane on record, and caused widespread damage. We gratefully acknowledge the many kind messages of support from our friends, clients and colleagues. Our business continuity procedures are fully operational, and we can continue to assist clients with all BVI-related matters. The…
Group statement from the Alliance of BVI Professional Services Businesses, representing the legal and professional services firms with operations in the BVI: “Our thoughts remain with all those who have been affected by Hurricane Irma across the region. This is a challenging situation for the BVI and its 30,000 residents, and our priority continues…
