Robert Searle

Oct 10, 2024 | mondaq.com | Guy Williamson |Richard Spencer |Robert Searle

The British Virgin Islands ("BVI") continues to strengthen its financial services sector by aligning with international standards, including those set by the Financial Action Task Force (FATF). The BVI Business Companies (Amendment) Act 2024 (the "Amendment Act"), which modifies the BVI Business Companies Act (the "Act"), was published in the BVI Gazette on 26 September 2024. While it has not yet come into force, it's anticipated to be implemented soon.

Aug 21, 2024 | mondaq.com | Alan Craig |Robert Searle |Richard Spencer |Simon Thomas

Following our advisory issued on 11 October 2023, the Beneficial Ownership Transparency Act, 2023 (the "Act") and the Beneficial Ownership Transparency Regulations, 2024 (the "Regulations") were brought into force on 31 July 2024 (the "Commencement Date").

Jul 16, 2024 | mondaq.com | Robert Searle |Richard Spencer |Guy Williamson

Pursuant to the BVI Business Companies (Financial Return) Order, 2023 (the "Order") (available here), every BVI company is required to file with its registered agent an annual financial return (the "Annual Return") within 9 months of either the company's calendar year or, if the company's financial year is not a calendar year, the company's financial year.

Mar 26, 2024 | mondaq.com | Alan Craig |Richard Spencer |Simon Thomas |Robert Searle

On 11 March 2024, the Companies (Amendment) Act, 2024 was gazetted (the “Amendment Act”). The purpose of the Amendment Act is to make the following innovative commercial enhancements to the Companies Act (as revised) (the “Act”) as the Cayman Islands continues to thrive as a globally respected financial centre of excellence in the face of evolving market dynamics.