Virgin territory

The British Virgin Islands has recently introduced a substantial number of reforms in relation to trusts and estates. These have been made in addition to those innovations relating to variation, reservation of powers and the jurisdiction’s firewall offering, which are considered in earlier articles in this periodical.1 These further reforms include those enabling foreign grants of representation to be resealed in the jurisdiction, the reintroduction of ‘the old rule in Hastings–Bass’ and refinements to the territory’s highly popular private trust company offering.