let’s stay connected – important update Following the European Union’s General Data Protection Regulation (GDPR) that will come into force on Friday, we are letting you know that your contact details are held in our databases. We value our connection with you, which is why we occasionally use this information to send you legal…
The Limited Partnership Act (the “LP Act”) was approved by the BVI’s House of Assembly in December 2017 though it has yet to be formally Gazetted and brought into force. This eagerly anticipated legislation will provide a modern framework for the formation, operation and termination of BVI limited partnerships. It is expected that the new…
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…
Joanna Dunne brings experience from Hong Kong and Middle East Justice Charles Quin, left, and attorney Chris Young welcome Joanna Dunne to the Bar of the Cayman Islands. Attorney Joanna Dunne was called to Bar of the Cayman Islands on June 2, when Forbes Hare head of lit- igation Chris Young presented her credentials…
FH mixed team (Bhav and Christina with Clive Gibbons of Vistra Trust and Cat Rossiter of Genesis Trust) winning the Cayman RISA Golf Tournament
Nilon Ltd v Royal Westminster Investments SA [2015] UKPC 2 On 21st January 2015, the Privy Council gave judgment in Nilon Ltd v Royal Westminster Investments SA [2015] UKPC 2. The effect of the Board’s judgment is to restrict the British Virgin Islands (“BVI”) court’s ability to exert and exercise its jurisdiction to hear disputes over the ownership…
As a result of its mid-shore, white listed status, New Zealand provides an ideal platform for international tax planning through the prudent use of trusts. In addition, New Zealand’s mid-shore status means that trusts have access to tax treaty benefits, potentially reducing the overall tax burden of the structure. TAX POSITION New Zealand (“NZ”) offers…
Retention of Records – clarification for BVI companies and extension to BVI trusts and all BVI partnerships This year we have seen the enactment of the Trustee (Amendment) Act 2015, the Partnership Amendment Act 2015 and the Mutual Legal Assistance (Amendment) Act 2015 relating to the retention of certain records and documents by such entities,…