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BVI Finance held its 3rd Annual General Meeting (AGM) held on 22nd January 2019 and elected three new directors to sit on the board for one and two -year terms.With five positions to fill, a number of industry representatives from a diverse array of sectors covering the legal, trusts and banking sectors were nominated to join the BVI Finance board.

International Finance Centres (IFCs)1 galvanized US$1.6 trillion of additional finance to developing countries between 2007 and 2014, according to a new paper by Dr. Judith Tyson, a Research Fellow at the Overseas Development Institute (ODI). The paper – International financial centres and development finance – also finds that IFCs boosted developing countries’ GDP by US$400 billion and tax revenues by US$100 billion during the same period.

Member firm Harneys Westwood & Riegels has announced its representation of DXC Technology Company (NYSE:DXC) on its proposed US$2 billion merger acquisition of Luxoft (NYSE:LXFT). to announce having represented DXC Technology Company (NYSE: DXC) on its proposed US$2 billion merger acquisition of Luxoft (NYSE: LXFT).

Premier and Minister of Finance Dr. the Honourable D. Orlando Smith, OBE, has announced that the BVI has passed important legislation which addresses the European Union’s concerns over “economic substance” and came into force on 1st January 2019.

Fourteen law firms, who are all members of BVI Finance, have been recognised by Legal 500, a prestigious series that provides the most comprehensive worldwide coverage on recommended Law firms, Lawyers, Attorneys, Advocates, Solicitors and Barristers in over 100 jurisdictions.

The Premier announced today that the BVI Government has responded constructively to the European Union’s listing exercise and will take all reasonable steps to address EU concerns relating to ‘economic substance’.