INTRODUCTION

The economic substance regime of the British Virgin Islands (BVI) and the Cayman Islands has now been in place for over two years. Although there is growing familiarity with its terms, the legislation and industry best practices in this area have continued to evolve and the substance requirements continue to have a material impact on businesses in Asia and the structuring of offshore transactions. In this webinar, Peter Vas, a Partner at Loeb Smith Attorneys focusing on BVI and Cayman Islands law, will provide an overview of the economic substance regime and the latest developments in this space.