The provisions of Part IX of the BVI Business Companies Act, 2004 (as amended,1 the Companies Act) deal with corporate reconstructions, specifically:
- mergers;
- consolidations;
- sales of assets;
- forced redemptions of minority shareholders;
- arrangements; and
- provisions dealing with dissenting members.
British Virgin Islands, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Harneys, Shareholder, Consolidation (business), Companies Act
Given the current state of the economy, it should come as no surprise that business related bankruptcy filings increased 41.6 percent and non-business bankruptcies increased 28.4 percent between June 30, 2007, and June 30, 2008, with more than one million Americans filing for bankruptcy during calendar year 2007, according to the Administrative Office of the U.S. Courts.
USA, Insolvency & Restructuring, Tax, Duane Morris LLP, Tax exemption, Credit card, Bankruptcy, Debtor, Tax credit, Taxable income, Debt, Debt relief, Internal Revenue Service (USA), Title 11 of the US Code, Internal Revenue Code (USA)