Recognised as a global leader in private client advice, our Cayman Islands and British Virgin Islands (BVI) Private Client & Trust teams have been working with clients in the Middle East for decades. Our experienced team of...more
11/29/2023
/ Aviation Industry ,
British Virgin Islands ,
BVI Business Companies ,
Directors ,
Estate Planning ,
FinTech ,
Philanthropy ,
Private Foundations ,
Private Trust Companies ,
Probate ,
Succession Planning ,
Supervisors ,
Trusts ,
Wealth Management ,
Wills
British Virgin Islands (“BVI”) business companies are often used for private wealth structuring purposes. However, where the shares in a BVI business company are registered in the name of an individual rather than a corporate...more
10/20/2023
/ Board of Directors ,
British Virgin Islands ,
Business Formation ,
Business Succession ,
BVI Business Companies ,
Cayman Islands ,
Estate Planning ,
Incorporation ,
Probate ,
Shareholders ,
Succession Planning ,
Trusts ,
Wills
For businesses that are family-owned and run in jurisdictions such as Hong Kong, Mainland China and Taiwan, it is common for beneficial ownership and control of the business enterprise to be vested in the shareholders of a...more
10/9/2023
/ Beneficial Owner ,
British Virgin Islands ,
Business Entities ,
BVI Business Companies ,
China ,
Corporate Restructuring ,
Debt ,
Debtors ,
Estate Planning ,
Holding Companies ,
Hong Kong ,
Incorporation ,
Jurisdiction ,
Privacy Laws ,
Shareholders ,
Taiwan
Offshore Trust and Estate Litigation Update Series – Part II -
Following on from Part I of this series which summarised the Cayman Court’s consideration of a trustee’s application for the “blessing” of a “momentous...more
5/1/2023
/ Appeals ,
Beneficiaries ,
British Virgin Islands ,
Cayman Islands ,
Cross-Border ,
Offshore Companies ,
Oral Communications ,
Private Company Shares ,
Res Judicata ,
Trustees ,
Trusts ,
Wills
Offshore Trust and Estate Litigation Update Series – Part I -
Trust and estate disputes in both the Cayman Islands and the BVI, and claims against the actions of a trustee/executor or disputes related to an interested...more
The holding company of many corporate groups trading in Asia is frequently incorporated in an offshore financial centre such as the British Virgin Islands (“BVI”). It is therefore common for high-net-worth individuals...more
In October 2022, the Privy Council delivered its judgment in the Z Trust case of Equity Trust (Jersey) Ltd (Respondent) v Halabi (in his capacity as Executor of the Estate of the late Mdam Intisar Nouri) (Jersey) which was...more
1/3/2023
/ Bermuda ,
British Virgin Islands ,
Cayman Islands ,
Creditors ,
Hong Kong ,
Indemnification ,
Indemnity ,
Insolvency ,
Trustees ,
Trusts ,
UK Privy Council
Welcome to the sixth edition of our Private Client Bulletin, bringing you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia.
This edition features articles on offshore...more
11/16/2021
/ Asia ,
Beneficiaries ,
Bermuda ,
British Virgin Islands ,
Cayman Islands ,
Divorce ,
Family Trusts ,
Foreign Judgments ,
Joinder ,
Jurisdiction ,
Marital Assets ,
Trust Protector Actions ,
Trustees ,
Trusts
Legislative amendments to the British Virgin Islands (“BVI”) trust legislation took effect on 9 July 2021 under the Trustee (Amendment) Act, 2021. The reforms introduce welcome improvements to the BVI’s Trustee Act and ensure...more
Welcome to the fifth edition of our Private Client Bulletin, bringing you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia.
In this issue, we have several notable...more
8/10/2021
/ Appeals ,
Asia ,
Beneficiaries ,
Bermuda ,
British Virgin Islands ,
Cayman Islands ,
Corporate Governance ,
Divorce ,
Evidence ,
Investment ,
Piercing the Corporate Veil ,
Private Company Shares ,
Probate ,
Real Estate Investments ,
Residency Status ,
Settlors ,
Taxation ,
Trusts ,
Witness Statements
Where a person has died and left assets in the British Virgin Islands (BVI), it is not possible to deal with those assets without first obtaining a grant of representation from the relevant local Court. The rule applies to...more