Jurisdiction(s):
United Kingdom

Key definition

Lending definition

What does Lending mean? In copyright practice, lending means making a copy of a protected work available for use on the understanding that it will, or may, be returned. It is a statutory concept in the UK and Ireland and is distinguished from rental by the absence of any direct or indirect economic or commercial advantage. Lending to the public usually occurs through establishments accessible to the public (for example, public libraries and certain educational or cultural institutions). Reasonable cost‑recovery charges do not convert lending into rental. The classification matters because lending to the public is a restricted act. It engages the rightsholder’s exclusive lending...

British Virgin Islands cross‑border lending and security: regulatory perimeter, Economic Substance, share charges, guarantees, priority and enforcement, and recognition of English law and judgments (2025 update)

Published by a LexisNexis Banking & Finance expert

Practice notes

Loan market and developments

This section offers a concise overview of the present condition of the loan markets in this jurisdiction and highlights any significant recent developments. The British Virgin Islands (BVI) does not maintain a domestic commercial Lending market; financing relevant to this guide is ordinarily extended by lenders outside the BVI. In practice, a BVI borrower sources funding from major financial centres worldwide and typically draws and operates its facilities beyond the Territory. At present, most lending seen in the jurisdiction originates from European, Asian and North American institutions. Historically, balance sheet lending and asset finance have been the dominant segments for the BVI, while shifting global conditions have also driven a notable rise in restructurings and work-outs...

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Tiffany Tolliss

Ogier

Tiffany is a corporate lawyer who has practised in the UK, Jersey and the British Virgin Islands. She is a senior member of the BVI transactional team at Ogier and advises on a broad range of British Virgin Islands corporate, finance, funds and restructuring matters with a focus on mergers and acquisitions, debt finance and the formation, launch and ongoing maintenance of investment funds.Tiffany's wide-ranging practice includes representing financial institutions and organisations advising on the British Virgin Islands law aspects of banking, finance and restructuring transactions.Tiffany also covers all aspects of BVI funds formation and frequently advises investment managers, funds and financial services providers on BVI legal and regulatory matters.Tiffany is also part of Ogier's multi-disciplinary Restructuring and Insolvency team, with experience in refinancings, corporate restructuring and reorganisations and member and creditor schemes of arrangement. Her achievements include working on a BVI scheme of...

Christian Burns-Di Lauro

Ogier

Christian is a partner within Ogier's Banking and Finance service line, specialising in all aspects of finance, security and restructuring from a British Virgin Islands law perspective.He represents a wide range of financial institutions and organisations advising on the British Virgin Islands law aspects of banking, finance and restructuring transactions.He has practiced in London, Jersey, the Cayman Islands and the British Virgin Islands, has a holistic approach to cross-jurisdictional offshore legal advice and is well placed to draw on this experience to add greater value to clients and intermediaries working across multiple jurisdictions.Christian is part of Ogier's multi-disciplinary Restructuring and Insolvency and Private Equity teams. He specialises in advice in relation to refinancing, security enforcement, corporate restructuring and reorganisation and subscription credit and capital call facilities entered into by funds, with experience in formal insolvency procedures and providing advice in relation to...

Web page updated on 21/05/2026

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