Category Archives: Bankruptcy

Madoff’s trustee and BVI funds’ liquidator dispute can be settled in BVI court

The process of liquidation and recovery of fees to investors into the BVI-registered Kingate Global Fund Limited and Kingate Euro Fund Limited, which are sued as the funds linked to Madoff Investment Securities LLC, may cause even more problems than … Continue reading

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Liquidator of BVI-controlled Firepower calls for informal meeting of shareholders

Bryan Hughes, the liquidator of the failed fuel technology company Firepower Operations Pty Ltd, an Australian branch of the BVI-registered Firepower Holdings Group Ltd., has called an informal meeting of shareholders to look into suggestions that company’s previous directors are … Continue reading

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Another action initiated against BVI company Firepower

Perth-based Firepower Operations Pty Ltd, an Australian arm of the BVI-registered Firepower Holdings Group Ltd., is already involved in the long-lasting conflict with an international auditing firm KPMG, which refused to deal with this company. Now the company is to … Continue reading

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The owners of the collapsed Chartwell are said to have channel their assets through offshore tax havens including BVI

The missing owners of a share trading company Chartwell Enterprises, which after its collapse owes millions of dollars to its staff and investors and is currently investigated by the Australian Securities and Investments Commission, now are discovered to have a … Continue reading

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Rivkin’s trustees are to receive $2.7 million by the decision of Jersey Court

The proceeding on the bankruptcy of late stockbroker Rene Rivkin, related to his affairs in the UK and BVI,  was started more than a year ago and is not over yet. Rivkin’s bankruptcy trustee, Anthony Warner of Sydney-based CRS Warner … Continue reading

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The first Adult Business to be listed on stock market

The adult magazines publishing group founded by Express owner Richard Desmond seeks a listing on the junior Plus Market, and if this will be provided it will be the first listing on the stock market for business working in the … Continue reading

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Legal bid to block Rivkin’s bank records related to his offshore business deals

Some months ago, we have discussed the case of bankruptcy of deceased stockbroker Rene Rivkin, which was connected with his affairs in the UK and in the British Virgin Islands. The BVI company called Derata was named as the sole … Continue reading

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