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BVI Finance welcomes positive comments made by the UK Home Secretary reflecting the level of cooperation between UK and BVI law enforcement authorities, following a review into the implementation of the Exchange of Notes (EoN) on Beneficial Ownership information, 18 months after its initial introduction.

The number of new Limited Partnerships in the BVI experienced an 81% annual increase in Q1 2019, according to the latest figures from the BVI Financial Services Commission (FSC).

The size and scale of deals facilitated by the British Virgin Islands’ international business and financial centre has increased both in value and quality as the BVI reports its strongest incorporation numbers in three years.

Member firm Ogier has advised Lenta Limited in relation to the all cash offer for Lenta by Severgroup LLC.

BVI Finance members represented the jurisdiction at this week’s STEP Caribbean conference, hosted in the Bahamas and attended by members of the global trust and estate profession from throughout the region.

Harneys has announced that British Virgin Islands’ Managing Partner Colin Riegels will step down on 30th June 2019 to return to full time academia. Partner Tanya Cassie-Parker will become the new BVI Managing Partner, effective 1st July 2019.