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Mar 11, 2025 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Kate Brumback Sun |Vanisha Harjani |Cesare Bandini | +4 more
British Virgin Islands (“BVI”) and Cayman Islands companies have continued to play a significant role in series financing transactions in Asia and beyond as they offer a flexible, cost-competitive and well-tested means of deal structuring. The tax neutrality, the ability to close transactions electronically and the absence of exchange controls, among other things, have continued to drive the popularity of the BVI and the Cayman Islands as jurisdictions of choice in these types of transactions.
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Mar 11, 2025 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Kate Brumback Sun |Vanisha Harjani |Cesare Bandini | +4 more
1. 概述开曼群岛和英属维尔京群岛有关信托和股权的法律直接源自英国法律，但在每个司法管辖区均通过立法进行了修改，以反映各自作为首要离岸金融中心的地位。信托是一种具有法律约束力的安排，其中一个人（“委托人”）将资产转移给受委托人委托对信托资产拥有合法所有权的另一个人（“受托人”），不是为了受托人自身的利益，而是为了其他利益其他人（称为“受益人”，可能包括委托人）或为某一特定目的。除了作为受益人之外，委托人在某些情况下还可以充当共同受托人。委托人还可以保留对信托的某种程度的控制权，例如批准分配的权力、任命和罢免受托人的权力以及撤销信托的权力。委托人将在一份称为「信托声明」或「信托契约」的文件中向受托人详细说明如何处信任托资产。本文件将告知委托人、受托人和受益人各自的权利、权利和义务。2.
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Mar 10, 2025 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Kate Brumback Sun |Vanisha Harjani |Cesare Bandini | +4 more
开曼群岛新受益人所有权制度（「新 BO 制度」）于 2024年7 月 31 日随《2023年受益人所有权透明度法案（「法案」）的实施而生效，旨在简化开曼群岛的受益人所有权框架并提高透明度和获取充分、准确和最新受益人所有权详情的机会。该法案与 2024 年受益人所有权透明度条例以及开曼群岛金融服务和商务部（「该部」）发布的开曼群岛受益人所有权义务指南一起构成新 BO制度的一部分。新 BO 制度预计将对大多数开曼实体及其受益人的合规义务产生重大影响，鼓励他们联系通常的开曼律师以获得进一步的指导和帮助。 我们透过 2023 年 10 月 20 日发布的法律简报“开曼群岛：扩大开曼群岛受益人所有权框架的拟议立法”，简要概述了 2023 年受益人所有权透明度法案将引入的主要拟议变更或补充。其中的主要变更或补充已经被采用，我们将在下面重复这些主要变更或补充，以供受新BO 制度影响的所有利害关系人回顾。 扩大范围 • 新 BO 制度涵盖的实体范围已显著扩大： (a)将有限合伙企业和豁免有限合伙纳入「法人」的定义，从而将这些合伙纳入新BO制度的范围；和...
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Mar 3, 2025 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Edmond Fung |Faye Huang | +2 more
介绍 在英属维尔京群岛（「BVI」）注册成立的公司的所有股东均享有一定的权利和保护。然而，公司内部投票权的不平衡可能导致控制多数人以损害少数股东权利的方式处理公司事务。本文将探讨英属维尔京群岛法院对涉嫌对股东造成不公平损害的行为的处理方法。 2004 年英属维尔京群岛商业公司法（经修订）（「BCA」） 2004 年《BVI 商业公司法》（经修订）（「BCA」）第 184I 条对 BVI 公司少数股东的保护作出了规定。如果英属维尔京群岛公司的少数股东认为公司事务已经、正在或可能以对他们造成压迫、不公平歧视或不公平损害的方式进行，他们可以向英属维尔京群岛法院请求赔偿。根据第 184I 条，法院有权保护少数股东的权利并对公司及其控制人提供救济。如果法院认为这样做是公正和公平的，它可以发布其认为合适的命令，包括： 1）要求公司或其他人收购股东的股份； 2）要求公司或其他人向股东支付赔偿金； 3）修改公司章程大纲或章程细则； 4）任命公司清算人；和 5) 撤销公司或其董事违反 BCA 或公司备忘录或章程所做的任何决定或采取的行动。 法院不得根据第 184I...
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Oct 1, 2024 | 
dailyprincetonian.com | Vivian Huang
The following content is purely satirical and entirely fictional. In the early morning of Sunday, Sept. 28th, Jobbörse Looker ’28 received one of the two acceptances to Tiger Private Dance, despite being “incredibly intoxicated” during the recruitment process. Tiger Private Dance is Princeton’s oldest group for aspiring exotic dancers and the most selective club on campus, only accepting two students every year since 1769.
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Sep 11, 2024 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Faye Huang |Vivian Huang | +1 more
A Private Trust Company (PTC) is an entity that is established with the sole purpose of acting as a corporate trustee to a trust or a number of trusts, provided those trusts are "connected". The term "Connected trust business" means trust business where the settlors of funds to the trusts are all "connected persons" in relation to each other.
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Aug 27, 2024 | 
lexology.com | Gary Smith |Robert Farrell |Cesare Bandini |Elizabeth Kenny |Edmond Fung |Faye Huang | +2 more
IntroductionIn certain circumstances, the liquidator of a British Virgin Islands (“BVI”) company may be able to set aside certain transactions which took place in the lead up to the company’s liquidation. It is important for those concerned with the affairs of a BVI company that they are aware of the statutory powers available to the liquidator. For a corporate liquidation in the BVI, there are four types of voidable transactions set out in the Insolvency Act 2003 (as revised).
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Aug 19, 2024 | 
lexology.com | Gary Smith |Robert Farrell |Cesare Bandini |Elizabeth Kenny |Faye Huang |Vivian Huang | +1 more
IntroductionAll shareholders of a company incorporated in the British Virgin Islands (“BVI”) have certain rights and protections. However, the imbalance of voting powers within a company can result in the controlling majority conducting the affairs of the company in a manner that is prejudicial to the rights of the minority shareholders. This article will explore the BVI court’s approach to situations where there is conduct that is alleged to be unfairly prejudice to the shareholder.
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Aug 13, 2024 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Vivian Huang |Faye Huang | +1 more
The new beneficial ownership regime of the Cayman Islands (the “New BO Regime”), which aims to streamline the Cayman Islands’ beneficial ownership framework and to enhance transparency and access to adequate, accurate and current beneficial ownership particulars, became effective on 31 July 2024 when the Beneficial Ownership Transparency Act, 2023 (the “Act”) came into force.
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Jul 18, 2024 | 
lexology.com | Gary Smith |Robert Farrell |Elizabeth Kenny |Cesare Bandini |Vivian Huang |Faye Huang | +1 more
The Special Trusts regime for Cayman Islands STAR trusts (now incorporated into Part VIII of the Trusts Act (As Revised)) provides the legal basis on which private purpose trusts can be established in the Cayman Islands, without affecting the previously existing laws governing the creation and administration of traditional trusts. STAR trusts have gained a strong reputation for being flexible estate planning tools where special purpose vehicles are too inflexible or otherwise inappropriate.
