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BVI Finance welcomes the UK Government’s decision to postpone legislation seeking to force the BVI and other financial jurisdictions to adopt public registers of beneficial ownership by the end of next year.

The number of businesses and individuals registering Limited Partnerships in the British Virgin Islands (BVI) increased by 200% between Q2 and Q3 2018, as the Territory’s new partnership provisions came into full effect.

Chairman of BVI Finance Robert Briant has today paid tribute to the outgoing head of BVI Finance following her “immense contribution” to the jurisdiction’s financial services sector over the years.

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).