Author Archives: Mike

Two BVI companies sued in connection with misappropriation and infringement of trademarks

подаръциикона за подаръкLehmanBrown, a leading China-focused accounting, taxation and business advisory firm, is suing Edward Lehman, his wife Karolina Lehman and two of their associated companies, Union Trade Limited and/or Home & Garden Limited, both incorporated in the British Virgin … Continue reading

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Madoff scheme: trustee alleges seven firms of investing in BVI “feeder” funds

Откъде да купя иконаIrving Picard, the trustee that liquidates Bernard Madoff’s investment firm, filed seven new lawsuits seeking total amount of more than US$200 million from banks and investment firms. In separate filings with the U.S. Bankruptcy Court in Manhattan, … Continue reading

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BVI companies not recognized by Latvian court as Ventbunkers shareholders

ХудожникAt the end of February, the Latvian Supreme Court Department of Civil Cases did not recognize the British Virgin Islands-incorporated offshore companies Steropes Limited and Gyges Limited as Ventbunkers shareholders, after reviewing the claim by the Dutch company Yelverton Investment … Continue reading

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BVI company Cokeville gets commission on Škoda Power sale

Top manager of ex-Škoda holding, and later ČEZ chief Martin Roman admitted the fact that he had ties to offshore trusts in the Virgin Islands and Cayman Islands connected to the former Škoda Plzeň, which was sold to its managers. … Continue reading

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German bank investigates Moscow transaction in connection with BVI company investment

Germany’s biggest state-owned lender, Landesbank Baden-Württemberg, is monitoring details of a real estate transaction in Moscow on suspicion of corruption. According to German media, the bank’s lawyers began investigating its investment in Moscow’s German Centre due to “inconsistencies.” Landesbank Baden-Württemberg … Continue reading

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BVI and Belize-based offshore firms investigated on IRBC case

БогородицаThe Irish Bank Resources Corporation (IRBC) – formerly Anglo Irish Bank – is seeking to seize European properties linked to unpaid loans advanced to companies registered in the British Virgin Islands and Belize. When considering fraud proceedings, injunctions against two … Continue reading

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Labour Party’s supporter has its business registered in the British Virgin Islands

БогородицаLast week, the press informed that tycoon Andrew Rosenfeld who backed companies of Labour leader Ed Milliband based his companies in the British Virgin Islands jurisdiction. The multi-millionaire who has made an estimated £100 million from property investments, registered his … Continue reading

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Australian company banned from raising US$35 mln

In the end of the year 2011, Fortis Mining Limited, a publicly listed mineral exploration company based in Melbourne, Australia, and focused on potash, gold, nickel, and copper deposits, was banned from raising US$35 mln to fund the purchase of … Continue reading

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New BVI Premier accused by the Opposition of playing tricks with financial figures

Hon. Ralph T. O’Neal, Opposition Leader and former Premier of the British Virgin Islands, expressed his quite critical opinion on the Premier and Minister of Finance’s state of the Territory’s finances address. In his radio address, Hon. O’Neal pointed to … Continue reading

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BVI company involved in illegal investor’s case

Thomas Elvin, accused of depriving investors of €177,000 and operating as an illegal investor between 2003 and 2005, is said to be the head of the company called Pear Shaped Resources. This fact was claimed in court, which was told … Continue reading

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