NEWS & UPDATES

British Virgin Islands Corporate Advisory

Directors’ Duties: Payments made by Insolvent Shipping Company

Scrutiny faced by directors of companies for possible breaches of their fiduciary duties has been further clarified by the Privy Council in a case[1] involving actions of a director leading up to the insolvency of the company.  Key takeaways regarding duties … Discover More

Company Formation Hong Kong News & Updates :

Hong Kong Business Registration Fee Waiver 2022/23

Hong Kong Budget Hong Kong’s Financial Secretary, Paul Chan, outlined his budget for 2022-23 in the Budget Address on 23 February 2022. Included in the measures to support enterprises through the difficult pandemic period was the continuation of the business … Discover More

Funds Services Resources

Considerations in selection of your fund administrator

Launching a new fund or investment structure can be an exciting but daunting experience.  The right choice of partner to help set up and service the structure can make all the difference. Here are a few things we focus on, because they make a huge difference to the manager and the LPs.

Business Enterprise Solutions Hong Kong Resources Visa

Increased penalties for employing overstayers in Hong Kong after changes to Immigration Ordinance

The Immigration (Amendment) Bill 2020, which came into effect on 1 August 2021, imposes increased penalties for employers who employ individuals not lawfully employable, and now covers overstayers.

British Virgin Islands Company Formation

BVI: New Registry filing fee for the first Register of Directors

Further to the BVI Business Companies (Amendment of Schedule 1) Order, 2021, a fee of USD75 will be introduced for filing of the first register of directors. Please note that a filing fee of USD75 will be added to the incorporation of all BVI companies incorporated on or after 1 Jul 2021.

British Virgin Islands Funds Services Resources

OVERVIEW: A Look at the Approved Manager Regime in the BVI

The Approved Fund Manager regime in the British Virgin Islands has been in force since 2012 and was designed to cater to start-ups, but is equally attractive to established small and medium-sized funds. Until recently we could count the number of AFMs in the structures we administer on one hand. However this has changed rapidly over the last 6 months. Increasingly we find this regime to be of interest to managers of global funds or where managers require an additional leg to their investment advisory function, often for specific investment purposes.

Company Formation Hong Kong

Hong Kong 2021-22 Budget proposals

Hong Kong’s Financial Secretary, Paul Chan, outlined his budget for 2020-21 in the Budget Address on 24 February 2021 outlining measures to support enterprises, revive and stimulate the economy as well as tax policy. Highlights of the measures of particular interest to Hong Kong companies and our clients operating in Hong Kong are set out here.

Hong Kong Visa

Hong Kong Resident Visa Extension of Stay applications processing update under COVID-19

The Hong Kong Immigration Department has announced that in view of the travel restrictions and difficulties imposed by the COVID-19 pandemic, Hong Kong non-permanent resident visa-holders may apply to extend their visa whilst currently overseas. This is a temporary measure … Discover More

News & Updates :

Marbury supports Templewater Bravo’s acquisition of New World First Bus Service and Citybus

Marbury is pleased to support Templewater and Investec Bank plc, as administrator for each of Bowen SP and Templewater I, L.P, and the Project Bravo investment structure for the acquisition of New World First Bus Services Limited and Citybus Limited from NWS Holdings Limited for HKD3.2 billion.