Apr 27, 2023 | Legal Updates
On 13 April 2023, the British Virgin Islands (BVI) issued General Licence [No.03], 2023 (the General Licence) under: Regulation 64 of The Russia (Sanctions) (EU Exit) Regulations 2019 (as amended) as extended to the British Virgin Islands (with modifications) by The...
Dec 16, 2022 | Legal Guide, Legal Updates, News, News & Analysis
In a decision handed down on 22 November 2022, the Court of Justice of the European Union (the ECJ) invalidated a provision of the 5th Anti-Money Laundering Directive (the 5AMLD) which required EU Member States to ensure that information on beneficial ownership of EU...
Nov 23, 2022 | Legal Guide, Legal Updates, News, News & Analysis
The OECD’s Global Forum on Transparency and the Exchange of Information for Tax Purposes (the Global Forum) published the ‘Peer Review of the Automatic Exchange of Financial Account Information 2022’ on 9 November 2022. The full publication is accessible HERE....
Oct 5, 2021 | Legal Guide, Legal Updates, News, News & Analysis
Overview On 15 July 2021, the Labour Tribunal (the Tribunal) made four awards against employers relating to complaints made by employees pursuant to the Labour Code, 2010 (the Code) that they had been unfairly dismissed (the Awards). The term “unfair dismissal” refers...
Jul 20, 2021 | Legal Guide, Legal Updates, News, News & Analysis
The British Virgin Islands (BVI) has introduced further changes to the economic substance (ES) regime by way of amendments to the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act). The amendments are introduced by the Economic Substance...
