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BVI Companies: Legal Opinions
Where an offshore company enters into a major cross border transaction, it is likely that legal opinions will be required from a lawyer resident in the territory of incorporation of the company concerning the company's ability to enter into the transaction in point.
Legal opinions vary as to their content, but in Jordans experience such opinions will be required to support any or all of the following transactions
- Acquisition of real estate subject to mortgage;
- Group financing and refinancing;
- Fund formation;
- Stock market listings.
The legal opinion will typically be required, among other things, to confirm the ability of the BVI company under its constitution and BVI law to borrow, or to lend, or to pledge assets, or to undertake other acts relevant to the transactions in point.
We can assist clients who require legal opinions by recommending particular BVI law firms based on the location and precise needs of clients.
One of the many advantages of the BVI as an offshore corporate domicile is the quality of its legal sector. There is an abundance of world-class law firms to support the full range of international commercial transactions in which BVI companies often participate.