At Hunte & Co., our Corporate Law team provides thoughtful, practical guidance to help businesses at every stage, from business formation and structuring, to managing transactions, to transferring or dissolving a company. Our core values—including consideration for clients, respect for colleagues, and service to our community—inform every aspect of our work. We take the time to understand each client’s unique goals, and to advance them with professionalism and integrity.
We regularly assist clients with:
- Contracts
- Corporate Advisory and Governance
- Joint Ventures
- Mergers
- Redomiciliation & Continuation
- Shareholder Agreements
- Employment law and Business Practice
- Commercial Transactions
- Business Formation and Structuring
- Solvent Corporate Liquidations
Frequently Asked Questions
A merger refers to the legal unification of two or more companies into a single corporate entity. In most cases, one company emerges as the surviving entity, absorbing the others. Alternatively, the process may result in a consolidation, whereby a new entity is established and the original companies are dissolved.
Are there restrictions on the types of commercial transactions that BVI companies may undertake?
Generally, there are no restrictions, as BVI companies are designed to be highly flexible. However, if a company intends to engage in regulated activities—such as banking, investment services, or insurance—it must first obtain the appropriate license from the BVI Financial Services Commission (FSC).
What law governs commercial contracts in the BVI?
The law governing commercial contracts in the British Virgin Islands is primarily derived from English common law, encompassing established principles such as offer, acceptance, consideration, intention, and capacity. There is no overarching commercial code in the jurisdiction.
When should a shareholder agreement be signed?
Ideally, a shareholder agreement should be executed at the time of incorporation or prior to the issuance of equity to new shareholders.
What are the consequences for failing to maintain proper registers or governance records?
Failure to maintain accurate registers or governance records may result in fines, striking off and dissolution, and the loss of good standing. Additionally, non-compliance with substance legislation may lead to penalties, striking off and dissolution.