We are in uncertain times but there are certain things we can control. Succession planning is one of these. This series looks into various succession tools that are available to people who own shares in BVI companies to facilitate the continued operation of a BVI company with minimum disruption following the passing of a shareholder.

The Cayman Islands Monetary Authority has issued a notice regarding an extension of the deadline for filing audited accounts for 2020 which affects Cayman Private Funds. Our following newsletter gives details of the deadline and related considerations for Cayman Private Funds.

The stakeholders in the BVI financial services industry have always taken great pride in constantly reviewing and looking to improve its offshore legislation. In keeping with this, the BVI has recently produced new legislation to modernise BVI trust legislation and simplify its probate procedures. Our following article is a summary of the most important of these changes.