{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2F18df74e6-b42b-4e8b-96a3-2038946eb497","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"The role of a chargee in a BVI company","description":"Key takeaways\n\nA chargee is someone who has the benefit of security that has been granted by a BVI company\nNumerous features make using a BVI company attractive to lenders for structuring finance transactions including: \nClear and simple registration process\nRobust insolvency legislative regime providing protection \u2013 very similar to UK law\nThe ability for companies to provide financial assistance to those acquiring their shares\nThe validity and effectiveness of any security document that a BVI company enters into is determined by the governing law of the particular document\nThere are two registration regimes to consider: \nMandatory registration \u2013 private registration at the companies registered office, on the register of charges maintained by the registered agent\nPublic registration (optional) \u2013 where filings are made with the Registrar of Corporate Affairs in the BVI and which confers priority over any privately registered or any unregistered charge\nNotations included in the register of members of a BVI company whose shares have been charged by way of security, provide notice of the security for those dealing with the company\nNotice of variation or cessation of a charge can also be filed in the BVI, the variation and release of the underlying charge will be determined by the law of the charge not the filing process","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/79245ab7-2176-482c-8c12-3dd47295d144/Practically-Speaking-1.jpg"}