Archive for February, 2016

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.

ExpressVPN supported Apple in its opposition to the court order

Saturday, February 20th, 2016

ExpressVPN, domiciled in the British Virgin Islands, has strongly supported Apple’s decision to oppose federal court order to help the FBI get into the encrypted iPhone of one of San Bernardino shooters. A public statement was released by Apple immediately upon the court order, opposing it as potentially endangering privacy of its users.

ExpressVPN stated that everyone, no matter their level of technical expertise, has the right to use the Internet freely and securely. One of the largest VPN providers also encouraged everyone to support them in this fight for privacy.

Apple’s decision was supported also by Google, WhatsApp and Mozzilla. Google also pointed out that the FBI’s request, if enforced, could set a troubling precedent for the future of privacy on the Internet.

BVI oil and gas company signed agreement with Tullow Oil Plc

Thursday, February 4th, 2016

BVI-registered oil and gas exploration company Eco (Atlantic) Oil & Gas Ltd. announced that it has signed a Joint Operating Agreement through its subsidiary Eco (Atlantic) Guyana Inc. with Tullow Oil Plc., through its subsidiary Tullow Guyana BV. The Agreement was signed pursuant to the Petroleum Agreement announced on January 19, 2016, and is related to the Orinduik Block in offshore Guyana.

Colin Kinley, COO and Director of Eco Atlantic, commented on the agreement: “The expedited signing of the JOA by Eco Atlantic and Tullow Oil evidence our great working relationship and the commitment of the partners to advance the exploration of the Orinduik Block.”