Colin Riegels

Colin Riegels

Harney Westwood & Riegels

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BVI court ruling highlights potential risk in some standard form M&As

On 19 March 2014 the Commercial Court handed down its ruling in C v W Inc (BVIHC (Com) 2013/149). In that case a shareholder holding more than 30 per cent of the company’s shares tried to exercise its power to requisition a...more

3/28/2014 - Business Companies Act BVI Business Companies Shareholder Litigation Shareholders

New BVI Arbitration Act now in force

On 17 December 2013 the British Virgin Islands House of Assembly had the third and final reading of the new Arbitration Act 2013, which came into force on 23 January 2014. The new Arbitration Act was part of the work...more

1/24/2014 - Arbitration BVI Business Companies

BVI passes new Arbitration Act

On 17 December 2013 the British Virgin Islands House of Assembly had the third and final reading of the new Arbitration Act 2013. The new Act will come into force on a date to be announced. The following analysis is based on...more

12/20/2013 - Arbitration Arbitration Awards Jurisdiction Local Taxes New Legislation New York Convention Stamp Taxes UNCITRAL

UK property tax changes: “de-enveloping” or a use of a trust?

It has long been popular for high net-worth people who are not domiciled in the United Kingdom (“non-doms”) to form an offshore company, often in the British Virgin Islands (“BVI”), for the purposes of holding property in the...more

1/21/2013 - Domicile Inheritanance Tax Offshore Companies Private Trust Companies Property Tax Stamp Taxes

BVI Court gives guidance on s175 procedure

British Virgin Islands companies are generally free to dispose of their assets on such terms as the directors think fit, but where the assets being disposed of constitute 50% or more of the company’s total assets, then...more

1/18/2013 - Board of Directors Business Companies Act Section 175 Shareholder Resolution Shareholders

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