This briefing note focuses on the solvent liquidation of non-regulated BVI companies.
The voluntary liquidation of a solvent BVI company is regulated by the BVI Business Companies Act, as amended (BCA). The BCA applies to all companies that have been incorporated, re-registered (whether voluntarily or automatically) or continued as BVI companies under the BCA.
British Virgin Islands, Insolvency & Restructuring, Private Client & Offshore Services, Carey Olsen, Articles of association
Finance Minister Grant Robertson yesterday afternoon announced a number of proposed temporary changes to the Companies Act, with the stated purpose to help businesses facing insolvency due to COVID-19 remain viable.
The temporary changes include: