RISA BVI IS A MEMBER OF INSOL
International Association of Restructuring, Insolvency & Bankruptcy Professionals
RISA was established by members of the insolvency and restructuring industry in the British Virgin Islands (“BVI”) in 2009 to promote and support the development of the insolvency and restructuring industry in the BVI
It is an active association which supports the industry through various technical and social events and by its focus on legislative development in the BVI. RISA is a member of the International Association of Restructuring, Insolvency & Bankruptcy Professionals (INSOL).
THE BRITISH VIRGIN ISLANDS
As a major international financial centre with in excess of 360,000 active registered companies and one of the world’s largest fund domiciles, the BVI is a prominent jurisdiction in terms of insolvency and restructuring work. BVI companies are frequently found in complex, international financing and group structures with its insolvency practitioners and attorneys working alongside others all over the world.
NEWS & ANNOUNCEMENTS
Proposal for temporary and short term amendments to the BVI insolvency legislation
Following the most recent RISA board meeting, it was agreed that a small working group be established to prepare a proposal on short term and temporary amendments to the BVI insolvency legislation. A white paper was sent to the BVI Financial Services Commission on 10 April 2020. Many thanks to Russell Crumpler, Roy Bailey, Brian…
CSR: RISA Helps At Old Government House
RISA members helped clear rubble, strip paint, garden and basically got their hands dirty at Old Government House today.
Technical Working Groups
The RISA Board has set up two working groups. The first group, headed by Hadley Chilton, is reviewing the issues facing IPs and lawyers, where there is an application or proposal to put a company into liquidation (both solvent and insolvent) but the company is struck off the register of companies. There are a number…