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News & Updates Publications
See below for News & Updates publications issued by Marbury
Cayman Islands services delayed due to Hurricane Beryl
5 July 2024
Closures and Postponements UPDATED 5 July 2024 The hurricane warning has been lifted, however there may be delays as damage assessments are conducted and backlogs are cleared. We request our clients’ patient understanding around any work requests for our Cayman Islands colleagues. — As of 3 July 2024, several businesses and government offices in the […]
Marbury at the Hong Kong Sevens 2024
11 April 2024
Over the 5-7 April weekend Marbury hosted close to 100 clients and friends of Marbury, and Marbury founder, Duncan Smith, at the Hong Kong Sevens – the premier tournament on the World Rugby Sevens Series. As we finally recover after the exhilarating weekend, we at Marbury want to extend a heartfelt thank you to all […]
Winding up BVI companies following the reform of the BCA
5 January 2024
The British Virgin Islands (BVI) is a popular jurisdiction for establishing companies due to its favourable tax and regulatory environment. However, there are instances when a BVI company is no longer needed, and the decision must be made to either strike it off or initiate a voluntary liquidation. This article aims to shed light on […]
Reminder: Changes to Strike off Regime and Restoration Process in BVI – Transitional period ends 30 June 2023
24 May 2023
The BVI Business Companies (Amendment) Act introduced changes to the strike off regime and restoration process that may impact your BVI company. Specifically, these changes affect BVI companies that were struck off after 1 July 2016 and before 1 January 2023, and that have not yet been dissolved.
If you have any such existing struck off companies that you may need to restore, it is recommended that you take action now to avoid the costly, complicated, and potentially lengthy process of restoration through a Court application.
Marbury obtains ISAE 3402 Type I Accreditation
27 April 2023
Marbury Corporate Advisory Services Limited has successfully obtained the International Standard on Assurance Engagements (ISAE) 3402 Type I Report.
Bermuda Economic Substance Regulatory Update: Changes to Non-Resident Entity Requirements
13 April 2023
Bermuda has recently announced an update to its economic substance requirements for non-resident entities. The update states that entities claiming an exemption from these requirements must now meet certain criteria to be considered eligible.
The importance of compliance with AML requirements across jurisdictions
16 March 2023
Regulators are taking firm action again non-compliance with AML and CFT regulations as highlighted by these recent enforcement cases in Hong Kong and BVI.
Hong Kong Budget 2023-24
1 March 2023
Hong Kong’s Financial Secretary, Paul Chan, outlined his budget for 2023-24 in his Budget Address on 22 February 2023. Highlights of some measures of particular interest to Hong Kong companies and those with business interests in Asia, are set out below.
Marbury supports Templewater Bravo’s acquisition of New World First Bus Service and Citybus
24 September 2020
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.
Hong Kong Limited Partnership Fund Ordinance
30 July 2020
The Limited Partnership Fund Ordinance (Cap 637) comes into operation on 31 August 2020, providing a rather ground breaking new standalone entity framework for the formation of what has been termed limited partnership funds in Hong Kong.