A liquidation in the British Virgin Islands (BVI) can be either: (1) an insolvent liquidation and therefore governed by the Insolvency Act 2003 (as amended); or (2) a solvent liquidation and therefore governed by the BVI Business Companies Act (as amended) (Companies Act). The Companies Act was amended by the BVI Business Companies (Amendment) Act 2022 and BVI Business Companies (Amendment) Regulations 2022 (the Amendments).
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Loeb Smith Attorneys
This article sets out some of the key points in relation to voluntary liquidations in the BVI.
Purpose. A voluntary liquidation is commonly used where the company is no longer required by a business and is to be dissolved. This will enable the liquidator to deal…
