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British Virgin Islands

The British Virgin Islands (BVI) are located in the Caribbean, and are equally well known for financial services and for tourism. The islands are a popular destination for wealthy individuals, with billionaire entrepreneur Richard Branson owning two of the BVI’s 50 or so islands.

Thanks to its booming economy in tourism and financial services, the BVI is one of the wealthiest jurisdictions in the Caribbean, and has amongst the top 20 highest GDPs per capita in the world. The BVI is a popular jurisdiction for registering offshore companies, with nearly 450,000 active registered companies in 2012, as well as limited partnerships and trusts.

30 March 2020 - Article

Coronavirus and director's liabilities: Changes to UK insolvency framework brings relief

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Recognition

Tatler HNW 2022

British Virgin Islands

Withers BVI,

Little Denmark,

PO Box 145,

Road Town,

Tortola,

VG1110

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Meet the team

Christopher Coffin

Christopher Coffin

Consultant | London, British Virgin Islands

Litigation and arbitration

‘‘

Withers has an outstanding practice in the BVI. They have demonstrated exemplary legal skills and client management.

Chambers Global 2019

Focus areas

Funds

Families and family offices

Jets and yachts

Private companies

Government

Family businesses

High-net-worth individuals

Hong Kong

Track record

A Russian owned company in the British Virgin Islands

We are representing a Russian owned BVI company in successfully obtaining judgment setting aside a company voluntary arrangement (CVA) on the grounds of material irregularity on the basis that the contracts for the purchase of land in St Petersburg entered into between the debtor and alleged Russian vendors, which created the liability of value sufficient enough to pass the CVA, were shams

Caspian Sea $20 million arbitration

Acting for a British Virgin Islands company in relation to a claim for the return of US$20 million due to it from a Turkish company following the non supply of shares in a Swiss company which owned an oil terminal on the Caspian Sea.

Debt recovery in the British Virgin Islands

We are acting for Russian high net worth individuals in the British Virgin Islands in realtion to insolvency, liquidation and debt recovery proceedings

Acting for a BVI hedge fund and losses of €40 million

Acting for a BVI hedge fund, and its BVI director in a dispute with its bank, and its English broker over the closure by the bank of the fund’s trading positions in FTSE options on LIFFE and the consequent loss of €40 million.

Insight

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