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Shareholder activism - Considerations for BVI companies
Corporate

Shareholder activism - Considerations for BVI companies

Once a fairly niche investment strategy of concern to US-listed businesses, shareholder activism is an increasingly global phenomenon. Estimates suggest assets under management (AUM) by activist funds increased by more than 1000 per cent over the past decade, with most of that growth occurring since the global financial crisis.
Does GDPR Apply to Your Business?
Regulatory and Tax

Does GDPR Apply to Your Business?

The General Data Protection Regulation (GDPR) becomes enforceable across the EU from 25 May 2018. This flowchart is designed to assist international businesses to determine whether the requirements of the GDPR will apply to them. It focusses on those business generally based outside the EU/EEA but with some business activity within the EU/EEA. Please note this is a summary guide and does not constitute a legal advice.
The re-imposition of sanctions against Iran by the United States and the impact on the BVI
Regulatory and Tax

The re-imposition of sanctions against Iran by the United States and the impact on the BVI

As of now, subject to the Iran (Restrictive Measures) (Overseas Territories) Order 2011 and the Iran (Sanctions) (Overseas Territories) Order 2016, there is no legislation that restricts BVI persons (including companies) from conducting business with Iranian persons (including companies).
Harneys welcomes Help For Children's call for proposals in BVI

Harneys welcomes Help For Children's call for proposals in BVI

Harneys has welcomed Help For Children's call for funding proposals from BVI charities, not-for-profits and child-serving agencies. Help For Children BVI seeks to offer support to initiatives related to child protection, safe-guarding, well-being and child abuse prevention and treatment.
Fourth and Fifth Anti-Money Laundering Directives - implementing AML updates and UBO registers in Cyprus
Regulatory and Tax

Fourth and Fifth Anti-Money Laundering Directives - implementing AML updates and UBO registers in Cyprus

The European Union’s Fourth Anti-Money Laundering Directive 2015/849 (4AMLD), was adopted by the European Parliament and Council on 20 May 2015. It needs to be transposed into the domestic legislation of all EU member states by 26 June 2017. 4AMLD repeals and replaces the EU’s (and world) current benchmark regime in this area, the Third Anti-Money Laundering Directive 2005/60/EC (3AMLD). The so-called ‘Fifth’ Anti-Money Laundering Directive (5AMLD) is in fact a set of proposed amendments to 4AMLD, looking to strengthen its core provisions in light of intervening terrorist events in Europe. The EU institutions currently aim to finalise 5AMLD by June 2017. Download the article to read more.
BVI Corporate Reorganisations and Solvent Restructurings – A General Guide
Banking and Finance

BVI Corporate Reorganisations and Solvent Restructurings – A General Guide

The BVI Business Companies Act 2004 (the BC Act) provides an extremely flexible framework for reorganisations or restructurings involving solvent British Virgin Islands companies. This guide outlines key considerations under the BC Act and other relevant law regarding the following: share and asset sales, including “hive-outs” and “hive-downs”; inter-company financing and re-financing; distributions, including “hive-ups” and share buybacks; mandatory redemptions (“squeeze-outs”); mergers and consolidations, including “de-merger” structures; plans and schemes of arrangement, continuations and discontinuations; and new incorporations and voluntary liquidations.