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
Can a BVI company issue different classes of shares?
Yes. BVI companies may issue various classes of shares, including ordinary, preference, redeemable shares, as well as shares with or without voting rights.
Is there a requirement for contracts to be governed by BVI law?
There is no legal requirement for contracts to be governed by BVI law. Parties may freely choose the applicable law for their contracts—including, for instance, English law or New York law—and BVI courts will generally respect the parties’ choice of law, provided it does not contravene public policy.
What are the main types of joint ventures?
Equity Joint Venture: Involves the formation of a distinct legal entity—typically a company or partnership—in which participants hold shares or interests.
Contractual Joint Venture: Created exclusively through contractual arrangements, without the establishment of a new legal entity.
Public-Private Joint Venture: A collaboration between government bodies and private sector participants to achieve mutual objectives.
How can a joint venture be structured?
A joint venture can be formalized through a shareholders’ agreement, customized articles of association (if a new entity is formed), or a contractual agreement outlining the rights, responsibilities, and contributions of each party.
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.