Update
Issuing shares for a 'proper purpose'
[Dynamic date]
17 January 2018
BVI Court of Appeal interprets the 'proper purpose' test set out in section 121 of the BVI Business Companies Act 2003 in relation to the issue of shares by the director of a BVI company.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
