On 15 October 2012 the BVI Business Companies (Amendment) Act, 2012 (the “BC Amendment Act”) came into force. It made a number of changes to the BVI Business Companies Act, 2004, (the “BC Act”) generally, and more specifically it made significant changes to the voluntary liquidation process for solvent companies. A year on from the BC Amendment Act coming into force, we look at how the voluntary liquidation process has changed and how to avoid some potential pitfalls of the process.
Voluntary Liquidation
British Virgin Islands, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Walkers, Liability (financial accounting), Liquidation, Liquidator (law)