Chambers Global Practice Guides 2021 – Corporate M&A – British Virgin Islands

1. Trends

1.1 M&A Market

The M&A market in 2020 was curiously active compared to 12 months ago. There were 399 M&A transactions in 2020 compared with 359 in 2019. The deal value in 2019 was higher at 9,331.56 compared with 5,946 in 2020.

1.2 Key Trends

There were no particular trends of note in the British Virgin Islands (BVI) in 2020. The M&A market in the BVI is diverse.

1.3 Key Industries

The financial industry experienced the most significant M&A activity over the past 12 months.

2 . Overview of Regulatory Field

2.1 Acquiring a Company

A publicly traded or widely held BVI business company may go private under British Virgin Islands law by:

• a mandatory redemption of minority shares pursuant to Section 176 of the BVI Business Companies Act (the “Act”):
• an arrangement pursuant to Section 177 of the Act;
• an arrangement pursuant to Section 179A of the Act; or
• a merger or consolidation pursuant to Section 170 of the Act.

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