BVI News

Financial services company expands

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Ogier has announced the addition of “several new members” to its staff in the British Virgin Islands (BVI).

It attributed the expansion of staff and operation partly to the diversification of financial service offerings, including the addition of international arbitration.

The company said the staff expansion in recent weeks follows “sustained growth over a longer period”.

It stated that the move reflects “continued expansion” across the office’s core service lines of corporate, finance and disputes.

The new members of the firm bring further expertise and experience to the practice, added Ogier BVI.

The company’s practice partner, Ray Wearmouth, commented: “In many ways, the latest additions to the team reflect the BVI’s own diversification as a jurisdiction.”

“For example, Russian-speaker Alexander Muksinov brings unique Russian disputes experience that serves all areas of our practice well. We’ve also added major corporate in-house expertise which enables us to stay on the horizon curve in terms of what our major clients’ legal teams are demanding, both for the delivery of advice, as well as pricing,” Wearmouth further said. “A secondment from one of our European offices, and the addition of many years’ experience of the BVI court and registry systems, should serve us very well moving forward.”

The BVI has been pushing diversification of its financial service offerings especially as the territory continues to be plagued by issues including a decline in company incorporation.

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