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Jan 12, 2025 | 
mondaq.com | Peter Vas
The British Virgin Islands (“BVI”)Government has introduced important amendments to the BVI BusinessCompanies Act, 2004 (As Revised) that are contained in the BVIBusiness Companies (Amendment) Act, 2024 (the“Amendment Act”). These changes cameinto force on 2 January 2025 and are designed to ensure that theBVI's financial services sector continues to meetinternational standards and best practices.
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Jun 14, 2024 | 
hk-lawyer.org | Peter Vas
The evolution of the digital assets sector has of course created tremendous opportunities to revolutionise financial services beyond the limited “payment sphere” that was contemplated by Satoshi Nakamoto in 2008, but the rapid evolution of blockchain technology has also posed certain unique and unprecedented challenges.
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Mar 27, 2024 | 
ifcreview.com | Peter Vas
27/03/24
Setting up and running a business in the virtual assets sector is no easy feat, but selecting an appropriate jurisdiction for a blockchain project will inevitably save time and therefore cost.
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Jan 30, 2024 | 
mondaq.com | Peter Vas
2023 was certainly a tumultuous and difficult year by any
standard. Leaving aside geopolitical conflicts, high interest
rates, rampant inflation, and slowing growth, the lingering effects
of the COVID-19 pandemic and high-profile bankruptcies made their
mark on many businesses.
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Aug 23, 2023 | 
lexology.com | Gary Smith |Robert Farrell |Peter Vas |Elizabeth Kenny |Cesare Bandini |Wendy Au | +2 more
The Cayman Islands exempted company (including the segregated portfolio company) is the corporate vehicle of choice for series financing, mergers utilizing the Cayman merger regime, banking and finance transactions, investment funds, and other corporate transactions.
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Aug 23, 2023 | lexology.com | Gary Smith |Robert Farrell |Peter Vas |Elizabeth Kenny |Cesare Bandini |Wendy Au | +2 more
The Cayman Islands exempted company (including the segregated portfolio company) is the corporate vehicle of choice for series financing, mergers utilizing the Cayman merger regime, banking and finance transactions, investment funds, and other corporate transactions.
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Jul 14, 2023 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Peter Vas |Cesare Bandini |Vivian Huang | +2 more
The Virtual Assets Service Providers Act 2022 (the “VASP Act”) was enacted in the British Virgin Islands (“BVI”) on 1 February 2023. It creates the legal framework for the registration and supervision of Virtual Assets Service Providers (“VASPs”) operating in and from within the BVI. Through the provisions of the VASP Act, the BVI Financial Services Commission (the “BVI FSC”) is established as the competent authority for the supervision of persons engaging in any virtual assets service.
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Jul 14, 2023 | lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Peter Vas |Cesare Bandini |Vivian Huang | +2 more
The Virtual Assets Service Providers Act 2022 (the “VASP Act”) was enacted in the British Virgin Islands (“BVI”) on 1 February 2023. It creates the legal framework for the registration and supervision of Virtual Assets Service Providers (“VASPs”) operating in and from within the BVI. Through the provisions of the VASP Act, the BVI Financial Services Commission (the “BVI FSC”) is established as the competent authority for the supervision of persons engaging in any virtual assets service.
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Jun 19, 2023 | 
law.asia | Peter Vas |Wendy Au |Loeb Smith Attorneys
Subscription facilities, or loans made by a bank or a financial institution to a private equity fund, which are typically secured by unfunded commitments of limited partners of the fund and the right to receive proceeds of capital calls, continue to dominate Asia’s fund finance market.
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Jun 19, 2023 | law.asia | Peter Vas |Wendy Au |Loeb Smith Attorneys
Subscription facilities, or loans made by a bank or a financial institution to a private equity fund, which are typically secured by unfunded commitments of limited partners of the fund and the right to receive proceeds of capital calls, continue to dominate Asia’s fund finance market.
