British Virgin Islands law firms see recovery as hedge fund formations pick up

Advising investors dealing with distressed hedge funds as well as restructuring forms the bulk of work by British Virgin Islands lawyers although fund formation work is starting to pick up.

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The British Virgin Islands’ rapid ascent as an international financial centre and hedge fund domicile has attracted a number of internationally recognised law firms to the jurisdiction.

The legal sector in the jurisdiction is robust, with the likes of Appleby, Conyers Dill & Pearman, Maples and Calder, Ogier and Walkers competing for business alongside BVI stalwart Harneys.

The financial crisis led to a slowdown in the fund formation work that is the backbone of many offshore legal practices. BVI

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