Archive for the ‘Uncategorized’ Category

BVI company announced appointment to the Board of Directors

Saturday, April 16th, 2016

TSX-listed company Talon Metals Corp., incorporated under the law of the British Virgin Islands, announced new appointment to its Board of Directors. Mr. David Deisley is Executive Vice President, General Counsel and Corporate Secretary of Novagold Resources Inc., which is responsible for all aspects of the company’s legal governance and corporate affairs. He has long years of experience in the mining industry, as well as in project permitting, corporate social responsibility, corporate development, mergers and acquisitions.

Mr. Deisley’s appointment stems from the board nomination right granted to Resource Capital Fund VI L.P. under the terms of the loan agreement between Talon Metals and Resource Capital Fund on November 25, 2015.

BVI Offshore Law Firm to become sponsor of Annual Global Fund Finance Symposium

Sunday, February 28th, 2016

Harney Westwood and Riegels, one of the oldest and largest offshore law firms in the British Virgin Islands, announced that it will sponsor the 6th Annual Global Fund Finance Symposium in New York, scheduled on 2 March 2016 and hosted by the Fund Finance Association.

The Fund Finance Association is a non-profit industry organization in the fund finance market and related capital markets, located in New York, and Charlotte, North Carolina.

During the Symposium, Harneys partner will be speaking on the structuring panel, with focus on Borrowing Base Dynamics, LPA Provisions, Side Letters, Credit Linkage/Investor Classification, and Confidential Investors.

Irish broker company licensed by BVI FSC

Tuesday, August 6th, 2013

Ireland-based Forex & CFD broker company AvaTrade announced that AVA Trade Group has received regulatory approval from the British Virgin Islands Financial Services Commission. By this, Ava Trade becomes one of Forex & CFD brokers to operate completely investment business license by leading regulatory bodies worldwide.

It is noted in the release by AvaTrade that the application process for regulation governed by the BVI FSC is one of the most demanding and lengthy in the investment industry. AvaTrade CEO Emanuel Kronitz said in his comments: “We are enormously satisfied that after a very thorough examination of all of our policies and procedures we have been awarded this license by the BVI Financial Services Commission.

AvaTrade was founded in 2006, and now it operates as a regulated and licensed broker worldwide: Europe (licensed by Central Bank of Ireland), Australia (licensed by Australian Securities & Investments Commission), Japan (licensed by Financial Services Agency, the Financial Futures Association of Japan and Commodities Futures Association of Japan), and BVI (licensed by British Virgin Islands Financial Services Commission).

Offshore law firm reports high demand for BVI structures

Friday, March 23rd, 2012

The British Virgin Islands office of international offshore firm Ogier reported on large number of transactions involving BVI structures. It was also stated by the company that the involvement of its BVI office in global transactions reflects the strong demand for BVI-based corporate structures.

Some of recent high-profile transactions with BVI structures include, for example, Canadian-based financial institution Scotiabank’s USD acquisition of 51% in Colombia’s Banco Colpatria Red Multibanca Colpatria S.A., which became Scotiabank’s largest ever-international takeover. Other transactions are: purchase by UK private equity group CVC Capital of 51% controlling stake in Virgin Active – the fitness chain part of Richard Branson’s Virgin Group, valued at GBP900m; acquisition for GBP77.5m of the trading operations of UK-listed property services company DTZ by Australian company UGL Limited, and some others.

Ray Wearmouth, Managing Partner of Ogier BVI, said in his comments: “Ogier’s involvement in these arrangements also represent the continued confidence of the global financial community in the BVI as a stable and high-quality jurisdiction for structuring multi-national transactions.”