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Defining Directorship: De Facto Directors and the BVI Business Company

December 2014 Jerry D. Samuel

Section 2 of the BVI Business Companies Act (“the BCA”) defines a “director” to include a person occupying or acting in the position of director by whatever name called. For practical purposes, this definition is identical to section 250 of the UK Companies Act, 2006 which defines a director as “any person occupying the position of a director, by whatever name called”. Difficult questions often arise in connection with BVI companies where the directors formally appointed are corporate directors provided by fiduciary service providers, while the directors of the corporate directors in turn may also be professional directors.

 

To continue reading full articles in PDF format:
Defining Directorship: De Facto Directors and the BVI Business Company

 


Jerry D. Samuel
Partner

British Virgin Islands   +1 284 852 1116


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Articles

Defining Directorship: De Facto Directors and the BVI Business Company

15 December 2014 Jerry D. Samuel

Section 2 of the BVI Business Companies Act (“the BCA”) defines a “director” to include a person occupying or acting in the position of director by whatever name called. For practical purposes, this definition is identical to section 250 of the UK Companies Act, 2006 which defines a director as “any person occupying the position of a director, by whatever name called”. Difficult questions often arise in connection with BVI companies where the directors formally appointed are corporate directors provided by fiduciary service providers, while the directors of the corporate directors in turn may also be professional directors.

 

To continue reading full articles in PDF format:
Defining Directorship: De Facto Directors and the BVI Business Company

 


Jerry D. Samuel
Partner

British Virgin Islands   +1 284 852 1116


 

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