Frost Wu

The British Virgin Islands and Cayman Islands companies remain key players in series financing transactions in Asia and beyond, offering a flexible, cost-competitive and well-tested means of deal structuring. Q: What is a series financing transaction? A series financing transaction is a type of equity investment deal in which an investor injects cash into a business in exchange for preferred shares.

The Virtual Assets Service Providers Act, 2022 (VASP Act), creates a legal framework for registration and supervision of Virtual Assets Service Providers (VASPs) – such as virtual asset exchanges, marketplaces and brokerages, and perpetual futures exchanges – operating in the British Virgin Islands (BVI).

I. Background The Holding Foreign Companies Accountable Act (“HFCAA”)1, in December 2020 passed by the Congress and signed into law by then-president of the United States, Donald J. Trump, is one of the most influential measures in the U.S. economic competition with the People’s Republic of China (“PRC”).