Robert Lindley: Resealing of Foreign Grants of Probate in the British Virgin Islands (July 22, 2021)

Robert Lindley of Conyers, has made available for download his article, “Resealing of Foreign Grants of Probate in the British Virgin Islands,” published on JDSUPRA. The abstract begins as follows:

Where a person has died and left assets in the British Virgin Islands (BVI), it is not possible to deal with those assets without first obtaining a grant of representation from the relevant local Court. The rule applies to all forms of property (including shares and intangible property) in respect of where the deceased died, where they resided during their lifetime, and whether or not they left a will.

This means that where an individual held shares in a company incorporated in the BVI, the grant of representation will be required in order to deal with those company shares. Generally, until such a grant is obtained, the shares will effectively be frozen as they cannot be transferred, their voting powers cannot be exercised, and dividends paid on the shares cannot be distributed.

Click here to view Robert Lindley’s summary of “Resealing of Foreign Grants of Probate in the British Virgin Islands”

Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s