The Government recently announced that the new BVI Companies Act, 2004 will be enacted on January 1, 2005 as an enhancement of the current IBC legislation. In order to grant a smooth transition, there will be a 2 year period during which both the existing IBC Act and the new BVI Companies Act, 2004 will be in force.
August 23rd 2004
Over recent months, we have highlighted the ongoing deliberations of the BVI Financial Services Commission (FSC), as they relate to the immobilisation of bearer shares. This update will apprise clients of the very latest position and provides some clarity over previously uncertain issues.
