This form provides boilerplate contract clauses that merge prior and contemporary negotiations and agreements into the current contract agreement. Several different language options are included to suit individual needs and circumstances.
Virgin Islands Negotiating and Drafting the Merger Provision
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FAQ
BVI Business Companies (Amendment) Act, 2006 The Act clarifies that where a BVI Business Company enters into voluntary liquidation, the liquidator is not required to file a copy of the statement of the company's assets and liabilities with the Registrar of Corporate Affairs.
The British Virgin Islands (BVI) is a leading offshore financial centre, providing robust yet flexible corporate structures within a politically safe and low cost jurisdiction.
Hear this out loud PauseThe BVI Business Companies Act (No 16 of 2004) is the principal statute of the British Virgin Islands relating to British Virgin Islands company law, regulating both offshore companies and local companies. It replaced the extremely popular and highly successful International Business Companies Act.
Hear this out loud PauseAn application for a Scheme may be made to the Court by the company or a creditor, member, administrator or liquidator of the company. The arrangement or compromise must be proposed between a company and its creditors or members, or a class of either.
As the BVI is a British Overseas Territory, legislation made in the UK Parliament can be applicable in the BVI. In such cases a statue may specifically state that it applies to the territory, or it may be extended to the BVI by way of an Order in Council or by direct subsidiary legislation in the UK.
Hear this out loud PauseWhat is the process to transfer shares in a BVI company? Shares in a BVI company are transferred by a written instrument of transfer, which must be signed by the transferor and contain the name and address of the transferee. The executed instrument of transfer should be sent to the company for registration.
Hear this out loud PauseThe set of corporate documents for a BVI Business Company or will always include the standard logical sequence of documentation: electronic copy of Certificate of Incorporation, Memorandum of Association, Articles of Association, the Minutes and Resolutions dealing with the appointment of Directors and the allocation ...
The BVI Business Companies Act (No 16 of 2004) is the principal statute of the British Virgin Islands relating to British Virgin Islands company law, regulating both offshore companies and local companies. It replaced the extremely popular and highly successful International Business Companies Act.
