Episode 5

Disclosure of BVI company information

Published on: 28th June, 2021

In this episode, Transactional Partner Rachel Graham and Dispute Resolution Counsel Francesca Gibbons look at information disclosure and the available options in respect of BVI companies

Key takeaways:    

The information a BVI company is required by law to maintain and retain includes:

  • Statutory records and registers – relating to the company   
  • Financial and other Records relating to business of the company  

All BVI companies are required to have a registered agent in the BVI – they are required to hold copies of statutory registers, they make most of the filings, they are considered the administrator of the company in the BVI 

Not all information is available publicly – registered agents can be contacted to request additional information (and sometimes those requests may be declined)

There are three main options available for requesting information about a BVI company: 

  • Norwich Pharmacal Orders (NPO) – Allows parties to apply to Court on an ex parte basis most commonly against the registered agent for documents they hold
  • Section 100 (of the BVI Business Companies Act 2004) applications– Directors can make this application to Court with statutory backing for an order for delivery up of documents  
  • Disclosure – A stage within the litigation process that grants parties disclosure and inspection of documents in the control of other parties where they are directly relevant to an issue in dispute in the claim.
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About the Podcast

Practically Speaking
The advice and insights podcast for BVI entities. Providing practical advice and insights for stakeholders – produced by Harneys
Practically Speaking: Providing listeners with practical advice and insights on issues applicable to stakeholders in the BVI. Transactional Partner Rachel Graham and Director of Client Services Amy Roost host this Practically Speaking podcast. We hope the series will interest directors, shareholders, trustees and others concerned with BVI entities. Each episode is brought to you by Harneys Fiduciary.