British Virgin Islands: Directors and Officers

A BVI shareholder sought permission to bring derivative proceedings in England and Wales against directors and creditors of a BVI company, alleging breaches of fiduciary duties and mismanagement of a UK property development project. The Court of Appeal examined whether an offer of indemnity could cure defects in the application and whether shadow directors fall within the scope of BVI Business Companies Act provisions.

Todas las sociedades constituidas bajo la Ley de Sociedades Comerciales de BVI están ahora obligadas a presentar una copia de su Registro de Miembros dentro de los 30 días posteriores a la fecha de su constitución o continuación en BVI.

The British Virgin Islands (BVI) as one of the leading international financial centers (IFCs) globally with over 360,000 active companies[1], has developed a flexible, commercial and innovative system.