Service Targets Abusive Trust Arrangements
Can Create Legal Obstacle Course for Claimants
The How's and
Why's of Offshore Trusts in Asset Protection Planning
BRITISH VIRGIN ISLANDS
The British Virgin Islands has a strong legal legal system derived from the English common law as a British Overseas Territory. The High Court is presided over by the Eastern Caribbean Supreme Court, with a final appeal to the Privy Council in England. Supplemented by local statutes and a well qualified local and international bar, the BVI provides an eminently qualified infrastructure for its financial services industry.
In its fight to keep its offshore finance center free of drug trafficing and money laundering, the BVI passed a Drug Trafficking Offences Act 1992 and is a party to the Mutual Legal Assistance (USA) Act 1990, an anti-narcotic and anti-racketeering pact. See BVI Laws Assist in the Investigation of International Crime.
The BVI institutional fight against corruption is especially important to U.S. companies since the Federal Corrupt Practices Act (FCPA) prohibits companies from making payments, directly or indirectly, which may constitute bribery of foreign officials. The BVI then represents a "safe zone" where bribery is not only not expected, but abhorred.
Lawyers and Law Firms:
Offshore Insurance Company Practitioners:
BVI Government's Financial Services Department lists Association of Registered Agents, Accountants & Auditors, Legal Advocates, Insurance Managers and Insurance Agents.
BVI Insurance Consultants (494-1474 email), run by Richard "Dick" Clayson, a licensed insurance manager, sets up and manages insurance companies in accordance with BVI law.
BVI Lawyers and Financial Service Companies. Contact the B-V-I Investment Guide to put free links to your site here.
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