Property law
Property law in the British Virgin Islands has only ever undergone spasmodic and periodic reform. The principle legislation dealing with property rights is the Conveyancing and Law of Property Act (Cap 220), which is based on much earlier English legislation. Tacit recognition that this legislation needs updating is found in the BVI Business Companies Act, 2004, which (to assist structured finance transactions) provides that in relation to a security interest over shares in a British Virgin Islands company, the parties may completely exclude the effect of the Conveyancing and Law of Property Act.