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Biography

Philip Graham
Philip Graham Harneys front portrait image

Phil is simply the best. He is trusted, reasonable and a pleasure to work with

Chambers and Partners, 2024

Philip Graham

Partner | Funds & Regulatory | British Virgin Islands
+1 284 852 2551 philip.graham@harneys.com
Biography

Philip Graham is global head of our Investment Funds and Digital Assets groups and head of our transactional team in the British Virgin Islands. He advises on the laws of the British Virgin Islands and the Cayman Islands and is an internationally recognised leading advisor on all aspects of offshore investment funds, including pre-formation strategy, regulatory compliance and restructuring. Phil has over 20 years' of experience advising in connection with all types of fund vehicles, including private equity and hedge funds, limited partnerships, and start-ups operating in the fintech space having launched one of the very first digital a ...

Philip Graham is global head of our Investment Funds and Digital Assets groups and head of our transactional team in the British Virgin Islands. He advises on the laws of the British Virgin Islands and the Cayman Islands and is an internationally recognised leading advisor on all aspects of offshore investment funds, including pre-formation strategy, regulatory compliance and restructuring.

Phil has over 20 years' of experience advising in connection with all types of fund vehicles, including private equity and hedge funds, limited partnerships, and start-ups operating in the fintech space having launched one of the very first digital asset focused funds in 2015. He also has extensive economic substance and digital asset tokenisation knowledge and has co-hosted a series of informative podcasts on the subjects.

Phil serves as chairman of the BVI Investment Funds Association and has consulted frequently with the BVI government and the regulator on legislative development and the impact of regulatory change for over fifteen years. He is the senior editor of the Harneys Funds Hub and is invited to speak and publish regularly on topics including structuring offshore funds, Cayman and BVI jurisdictional analysis, blockchain, cryptocurrency and regulatory matters such as economic substance, tax information exchange and AML.

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Recommendations

Philip is recognised for his expertise in British Virgin Islands Corporate, Finance, and Investment Funds. Recent testimonials include: "Phil is an exemplary lawyer and BVI expert." (2024 guide) "He is excellent at what he does." (2023 guide) He is "one of the leading fund lawyers on the ...

Philip is recognised for his expertise in British Virgin Islands Corporate, Finance, and Investment Funds.

Recent testimonials include:

  • "Phil is an exemplary lawyer and BVI expert." (2024 guide)
  • "He is excellent at what he does." (2023 guide)
  • He is "one of the leading fund lawyers on the island," with further interviewees reporting: "Our experience working with him has been excellent." (2021 guide)

Philip is recognised as a leading individual for his British Virgin Islands Corporate & Commercial, Investment Funds, and Regulatory & Compliance expertise.

Recent testimonial: He is "the leading light for crypto and digital asset work". (2024 guide)

Philip is recognised as a market leader for his British Virgin Islands Investment Funds expertise.

Phil is recommended in the Fintech & Blockchain index for his Blockchain expertise.

Philip is recommended for his British Virgin Islands expertise in the following categories:

  • Private Funds – Formation (2022 – 2024)
  • Private Funds – Regulatory (2022 – 2024)
  • Fintech & Blockchain - Blockchain (2023)
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British Virgin Islands
2008

England and Wales (not practising)
2002

University of West England (LPC)
2000

University of Bristol (LLB)
1999

Phil is simply the best. He is trusted, reasonable and a pleasure to work with
Chambers and Partners, 2024

Authored by Philip

Funds Hub
Introduction to automatic exchange of information for BVI Investment Funds
Article
Harneys advised Quilvest Capital Partners on exit from Metro Franchising
Funds Hub
Establishing an Incubator or Approved Fund in the British Virgin Islands
Article
A Practical Guide to Limited Partnerships in the BVI
Funds Hub
Guide to the British Virgin Islands approved manager regime (BVI)
Funds Hub
Data protection for investment funds domiciled in the British Virgin Islands
Funds Hub
Establishing a Closed-Ended Fund in the BVI
Funds Hub
Ongoing obligations of Approved Managers (BVI)
Funds Hub
Establishing a Hedge Fund in the BVI
Funds Hub
Continuing obligations for Private and Professional Funds (BVI)
Regulatory Blog
Progress and challenges in implementing FATF standards on Virtual Assets
Funds Hub
Continuing obligations for BVI private investment funds
Funds Hub
Continuing obligations for BVI incubator funds
Funds Hub
Continuing obligations for BVI approved funds
Article
Setting up family offices offshore
Article
BVI VASP approved!
Regulatory Blog
BVI locally resident companies may now apply for exclusion from tax and economic substance reporting
Regulatory Blog
BVI affirms its approach to beneficial ownership registers relating to the ECJ’s decision
Regulatory Blog
BVI Financial Services Commission hosts successful Meet the Regulator forum
Regulatory Blog
AIMA and other fund industry associations join forces to challenge US Securities and Exchange Commission’s new Private Fund Advisers Rules
Regulatory Blog
BVI VASP Update
Regulatory Blog
BVI Virtual Assets Service Providers Act: One month to go
Regulatory Blog
BVI Licensees: June 2023 filing deadlines
Regulatory Blog
BVI Virtual Assets Service Providers Act: Two months to go
Regulatory Blog
BVI Virtual Assets Service Providers Act: Three months to go
Regulatory Blog
Exploring the implications of the BVI’s inclusion on the EU's list of non-cooperative jurisdictions
Article
March 2023 update for investment managers operating BVI domiciled fund structures and SPVs
Regulatory Blog
BVI will be added to EU List of Non-Cooperative Jurisdictions for Tax Purposes
Article
EU reviewing Annex I: BVI to be added to List of Non-Cooperative Jurisdictions in February 2023
Regulatory Blog
BVI Virtual Assets Service Providers Act 2022 is now in force
Article
BVI Virtual Asset (Service Providers) Act – a practical guide
Regulatory Blog
FSB releases a public consultation on proposed framework for international regulation of crypto-asset activities
Video
Piano Lessons: Live from CoinAlts 2022
Regulatory Blog
BVI ITA issues notice on economic substance
Video
Piano Lessons: Crypto cabaletta virtuale
Video
Piano Lessons: Troppo espansivo?
Video
Piano Lessons: Musk’s social media, CFTC Bitcoin price speculation, and crypto insolvencies
Article
RedKite victorious in the Harneys Tech Accelerator Program
Video
Piano Lessons: Economic vibrato
Video
Piano Lessons: Ripple finale, maxi pitches, and altcoins calando
Regulatory Blog
BVI calls for feedback on proposed Virtual Assets Service Providers Bill 2022
Video
Piano Lessons: Tornado crescendo, Merge chords, and B-sharper on DAO disputes
Video
Piano Lessons: Harneys launches digital assets focussed video series
Legal update
BVI virtual asset service providers must comply with BVI AML regulations from 1 December 2022
Article
Harneys advises SPAC on proposed US$135.7 million acquisition of tech and software innovator
Regulatory Blog
BVI Licensees: June 2022 filing deadlines
Regulatory Blog
BVI Mutual Funds June regulatory deadlines
Regulatory Blog
BVI Private Investment Funds June Regulatory Deadlines
Regulatory Blog
BVI Incubator and Approved Funds: June and July Filing Deadlines
Regulatory Blog
BVI Approved Manager: June filing deadline
Article
Harneys advises on US$115 million IPO for Asia-focussed SPAC
Article
Women in NFTs: Part two – The future is now
Funds Hub
Jurisdictional comparison British Virgin Islands, Cayman Islands and Luxembourg Investment Funds
Regulatory Blog
BVI Finance announces Fusang Exchange’s admission to the BVI list of recognised exchanges
Article
Harneys partners named Top Offshore Lawyers by Asia Business Law Journal
Regulatory Blog
Prudential and Statistical filing deadlines for BVI Licensees
Video
Where to domicile and launch a crypto fund - A conversation with Harneys
Article
Women in NFTs : Part one – Entering the world of digital assets
Article
Harneys highly recommended as “go-to law firm” in Chambers Global 2022 guide
Regulatory Blog
BVI implements changes to the Beneficial Ownership Secure Search System Act
Article
Harneys announces firmwide senior promotions and leadership updates for 2022
Article
Harneys advises Blockasset on launch of sports star NFT collections
Article
Calling all innovators: Take off with the Harneys Tech Accelerator Program
Article
Harneys' Ideas, Innovations, and Investments conference series: Virtual assets revolution
Article
Harneys' Ideas, Innovations, and Investments conference series: Practical hints and tips for the emerging manager
Offshore Litigation Blog
BVI decrypts the legal status of cryptoassets
Legal update
BVI Economic Substance: BVI ITA now auditing submitted reports
Podcast
SOS Substance on Substance - Common misunderstandings regarding the ES timetable
Article
The BVI year
Guide
Practical considerations for BVI economic substance (ES) reporting
Funds Hub
The Funds Download - Accessing the Asia market
Guide
Economic substance in the BVI: a guide for directors and operators of BVI companies and limited partnerships
Legal update
BVI economic substance update – limited partnerships and investment funds
Legal update
BVI introduces data protection regime
Regulatory Blog
BVI introduces data protection regime
Podcast
SOS Substance on Substance: Season two - ITA investigations, enforcement powers and new legislative developments
Funds Hub
The opportunity for ESG funds in 2021
Funds Hub
Offshore fund vehicles – A transparent guide to making the right choice to maximise your fund’s potential
Article
Harneys dominates the BVI rankings in the Chambers 2021 Global guide, retaining Band 1 for Corporate & Finance including Investment Funds
Article
Agrippa Capital triumphs in the Harneys Tech Accelerator Program
Regulatory Blog
Important changes to the prudential reporting regime for BVI licensees
Regulatory Blog
BVI FSC announces its new managing director
Funds Hub
Funds market in China: divergence in an age of convergence
Funds Hub
It would be harsh to judge fund manager performance this year
Article
Funds market in China: divergence in an age of convergence
Podcast
SOS Substance on Substance: Season two – Reporting criteria and tax non-residence claims
Podcast
SOS Substance on Substance: Season two - Key points for directors as economic substance reporting deadlines approach
Article
Harneys was pleased to advise on ORIX Corporation’s first collaboration with Israeli venture capitalist start-up OurCrowd.
Article
Harneys secures Tier 1 ranking for new Regulatory and Compliance category
Funds Hub
The Funds Download - The seven hottest questions in the crypto space
Article
Take off with Harneys Tech Accelerator Programe
Article
Harneys launches solution to assist Trust Companies with BVI Economic Substance reporting
Funds Hub
The Funds Download - Disrupting the disrupters – The impact of distributed ledger technology and smart contracts in the Investment Funds industry
Funds Hub
The Funds Download - The meteoric rise of Cryptocurrency
Funds Hub
The Funds Download - Unnecessary red tape or essential global standards? Regulation in the investment management industry
Article
Harneys shortlisted for Legal Week Innovation Awards 2020
Regulatory Blog
BVI FSC’s virtual “Meet the Regulator”
Funds Hub
The Funds Download - Boundless opportunities for the Latin America market
Funds Hub
The Funds Download - Luxembourg - an Investment Funds giant
Funds Hub
The Funds Download - The Great Recession - When things go horribly wrong