Guernsey: M&A/Private Equity

In Al Thani v Al Thani, the UK Privy Council ("the Privy Council") was asked to consider whether British Virgin Islands (BVI) company legislation treats the shares in a company registered in the BVI as immovable property and, therefore, subject to the laws of the BVI in determining the validity of a testamentary instrument for effecting the transmission of those shares on the death of the owner.