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whilst the british virgin islands (bvi) has always been regarded as an exceptionally safe, secure and stable environment from which companies and individuals can manage their worldwide financial concerns, the bvi found itself at the centre of a 'perfect storm' in recent years.

HarneysBoth the British Virgin Islands (BVI) and the Cayman Islands have recently updated and modernised their arbitration regimes. The Cayman Islands passed their legislation first, and in Cayman the process of arbitration is now governed by the Arbitration Law 2012 (theCayman Law). The BVI followed approximately 12 months later passing the Arbitration Act 2013 (theBVI Act) which now regulates the process.Both the Cayman Law and the BVI Act are largely based on the UNCITRAL Model Law on Interna...

There is an intimate relationship between art and finance. In the public sphere, the state plays a predominant role in funding and maintaining national art collections. The private sphere is dominated by private patronage. For example, artists in medieval Italy were funded by wealthy families such as the Medici, and contemporary works are purchased by individual collectors such as Charles Saatchi. The important relationship between art and finance is reflected in the value of the global art mark...

This article appeared in the 2015 edition of The International Comparative Legal Guide to: Alternative Investment Funds; published by Global Legal Group Ltd, London.

Proposals to introduce legislation in the British Virgin Islands (the "BVI") to reform the regulation of the legal profession have been around for a number of years. But recent concerns about non-BVI law firms practising BVI law, its likely negative impact on the local profession and on the financial services industry in the Islands generally, not to mention the obvious risks inherent in individuals who are lacking the necessary expertise giving legal advice, put it to the top of the BVI govern...

Article by Marco Martins, Jonathan Culshaw, Matt Roberts, Sean Scott and Lisa Pearce