Offshore companies have become increasingly popular throughout Asia in investment and financing structures. The international flow of funds from the United States or Europe directly into the People’s Republic of China (“PRC”), or through Hong Kong, often flows through companies incorporated in the British Virgin Islands (“BVI”). More than half of the 625,000 registered BVI international companies operate in Asia.

Restructuring, insolvency and forensic services have become increasingly complex and never more so than in business and investment structures that are popular in the BVI and Asia. In any cross-border transaction, it is essential that investors and stakeholders consider all the available and evolving options. In Asia and the BVI, these options continue to evolve.

What's New
The new companies and insolvency legislation in the BVI, The Insolvency Act 2003 of the BVI (“Act”), has introduced substantial changes. To meet the demands this will place on BVI-registered companies, Alvarez & Marsal Asia (A&M) and MWM Corporate Services (MWM) have formed an exclusive alliance to provide a seamless range of restructuring, insolvency and forensic services throughout Asia and in the BVI. BVI companies often own and manage assets and businesses throughout Asia, leading restructuring and insolvency professionals, bankers and lawyers in Hong Kong, PRC and the BVI to frequently cooperate on assignments in these jurisdictions. A&M and MWM are ready to meet these complex needs.

At the Forefront
Together, A&M Asia and MWM are at the forefront of technical, statutory and practical developments in the BVI and Asia. We are well-positioned to provide practical advice in respect of the latest legislation, which introduces substantial changes in dealing with distressed BVI companies. The combination of A&M and MWM offers the breadth of technical and practical experience to ensure that clients receive the right advice at the right time from professionals who possess the requisite mix of skills, experience and commercial acumen. This combination ensures that appropriate options cannot only be chosen but, more importantly, implemented quickly and in accordance with specifications set out in the Act.