Omonike Robinson-Pickering

In the British Virgin Islands there are various contractual and statutory mechanisms for implementing M&A transactions that will be familiar to legal practitioners in the United States, the United Kingdom and other common law jurisdictions.

1.1 M&A Market The British Virgin Islands (BVI) as a jurisdiction broadly reflects macro themes for global investment and can be used as a proxy for the activity and deal flows across the wider global M&A market. The past 12 months have been characterised by a greater deal size, albeit arising from lower transaction volume. Further, deal flow has been concentrated in certain sectors of the economy where competition for assets remains strong, including tech and life sciences.

Key takeaways Two key UK statutory instruments which apply to Bermuda, the British Virgin Islands and the Cayman Islands are amended. The Air Navigation (Overseas Territories) Order 2013 is amended to, among other things, bring the provisions in line with the Cape Town Convention and compliance with current ICAO standards.