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British Virgin Islands Regulatory Obligations and Filing Deadlines 2025

This update covers British Virgin Islands key regulatory obligations and filing deadlines for 2025.

Procurement Act comes into force introducing new obligations for firms

The Act itself does not contain all that is necessary for a contracting authority to carry out a compliant procurement procedure.

ESMA consults on simplified disclosure templates for private securitisations

The stated objective of the Consultation is to streamline disclosure templates for private securitisations.

“Fair Value” In Appraisal Actions Under The Companies Act 1981 S 106(6)

The parties each instructed a technical mining expert and a valuation expert to support their respective positions

Multisig Purpose Trusts

These duties ensure that trustees, as co-signatories to the Multisig, will be cautious and avoid reckless or malicious behaviour to prevent personal liability when executing important transactions for the DAO.

Changes to off-payroll working rules - what does this mean for small UK companies?

HMRC has confirmed to the Institute of Chartered Accountants for England and Wales that from April 2025, increased company size thresholds in the Companies Act 2006 will also apply

Cayman Islands: Sky-high standards in STAR trusts

Cayman trusts can cover the full range: discretionary or fixed interest, beneficial or purpose, reserved powers or fully managed, innovative or entirely traditional depending on settlor requirements.

Creditor Funding in Liquidation: A Viable Asset Recovery Tool?

These recent cases demonstrate the Singapore Courts' willingness to grant priority to creditors who finance recovery actions by liquidators.

Allocating the risk of physical conditions under NEC4 construction contracts

NECs attempt to achieve an equitable allocation of the risk of physical conditions between all parties

European Commission Publishes Guidance on Prohibited AI Practices Under the EU AI Act

This alert summarises the Guidance for businesses considering AI use cases that may fall within the scope of the prohibitions

The Utility of the Share Premium Account in Cayman Islands Exempted Companies

The share premium account also provides a flexible funding source for repurchasing or redeeming shares.

New policy allows arbitration disputes to be heard in mainland China, Hong Kong SAR or Macao

Courts will support the enforcement of such arbitration awards unless they violate mandatory national laws or the public interest.

Construction firms must ‘contract differently’ to address climate claims risk

Would-be contractors should be clearly made aware of “the minimum requirements needed for compliance” at the tender stage of projects

The sanction of schemes of arrangement in Jersey: the takeaways from The Representation of Centamin PLC

The success of the Centamin plc scheme of arrangement shows that there is still an appetite to use Jersey schemes of arrangements to effect the acquisition of Jersey companies.

Substance, Tax Treaties and the UK Supreme Court in Royal Bank of Canada

The uncertainty that this can open up is considerable.

UPC rulings ‘should accelerate Ireland’s UPC vote’

The term is used to describe the question of whether UPC decisions have the potential to extend to non-UPC countries

Updates to Cayman's Beneficial Ownership Regime: Access Restrictions and Legitimate Interest Regulations

From 28 February 2025, members of the public can apply to the competent authority in the Cayman Islands for access to specified information pursuant to the Legitimate Interest Regulations.

With a property in mind

If the property is leasehold, you will generally have the right to extend your lease or buy the freehold under Leasehold Reform legislation.

Mayer Brown declares war on career setback caused by parental leave

In this way, Mayer Brown wants to maintain and further promote the foundations laid for a successful career as a lawyer during parental leave.

Extension of date for filling a BVI annual financial return

This extension does not automatically apply to entities with a year-end date that is not 31 December.

Government Regulation