Department profile submitted by O'Neal Webster
The British Virgin Islands is among the most attractive jurisdictions in the world, enjoying modern and favorable laws and a strong regulatory framework. The BVI is white listed by all three international reporting standards organizations.
With deep roots in the BVI, the firm’s attorneys easily navigate local governing bodies, courts, administrative offices, and enforcement regimes, ensuring clients receive prompt and effective representation. Possessing excellent knowledge of the jurisdiction and the business of the territory, they advise clients on new products and legislation, and work closely with Government in the development of the offshore finance and trust industries and BVI legislation.
Corporate attorneys adeptly handle general and complex bank representations, stock exchange listings, private equity transactions, joint ventures, redomiciliations, corporate arrangements, mergers, acquisitions, partnerships, and restructuring.
The Investment Funds and Regulatory Practice handles general investment fund applications and complex applications for licensing under the BVI Securities and Investment Business Act, the Bank and Trust Companies Act, and Financing and Money Services Act.
Recent successes include obtaining BVI licenses for the only group of foreign funds to offer services in the BVI; helping one of only three money service providers in the BVI to obtain a license; and enabling licensing for the provision of Forex business, which is a tightly regulated activity.