Practical Law Finance Global Guide 2023: British Virgin Islands

In this Finance Global Guide 2023, Michael Gagie, Matthew Gilbert, Chris Newton and Ruairi Bourke give a high level overview of the lending and taking security in the British Virgin Islands. Topics include forms of security over assets, special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements. It covers creation and registration requirements for security interests; problem assets over which security is difficult to grant; risk areas for lenders; structuring the priority of debt; debt trading and transfer mechanisms; agent and trust concepts; enforcement of security interests and borrower insolvency; cross-border issues on loans; taxes; and proposals for reform.

Their contribution formed part the Practical Law Finance Global Guide 2023 published by Thomson Reuters.