Category Archives: British Virgin Islands

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

Posted in BVI Government, British Virgin Islands | Leave a comment

Satyam scam: UK and Singapore give response to CBI’s rogatory letters

The Central Bureau of Investigation (CBI) (India) has received a response from UK and Singapore authorities to the Letter of Rogatory (LOR) which concerns the so-called Satyam scam with the company Satyam Computers. According to the CBI official, who decided … Continue reading

Posted in BVI Companies, BVI Courts, British Virgin Islands, Court decisions, Illegal actions, Investigation, Management Fraud, Offshore tax havens, Tax Shelters | Leave a comment

OECD-listed offshore centres including BVI compete in services

The lists of tax havens published by the Organisation for Economic Co-operation and Development () (OECD), – especially the so called “grey list” – became the cause of hard battle for business between international financial centres. This competition will probably … Continue reading

Posted in British Virgin Islands, Offshore secrecy, Offshore tax havens, Tax avoidance | Leave a comment

Hedge funds in BVI and Cayman supposed to be threatened

Some offshore analysts are warning that thousands of hedge funds registered in offshore tax havens probably will fold in 2009. The restructuring company Zolfo Cooper that makes such forecast is preparing for a surge of activity in offshore tax havens. … Continue reading

Posted in BVI Companies, BVI Investment Funds, British Virgin Islands, Offshore tax havens | Leave a comment

UAH 3.64 billion passed by Ukrainian entities through BVI and other offshore centres in 2008

The State Customs Service of Ukraine reported that in 2008, a total amount of UAH 3.64 billion (USD 1 – UAH 7.79) has passed through offshore jurisdictions. 262 companies from Ukraine were involved in the export transactions, and the biggest … Continue reading

Posted in BVI Companies, British Virgin Islands, Offshore tax havens, Politician Deals | Leave a comment

Subsidiaries of U.S. Corporations in BVI and other offshore jurisdictions

Many of the largest publicly traded corporations in the U.S., including major banks that now receive federal bailout money from the Government, are using subsidiaries in offshore tax havens, which let them avoid paying U.S. taxes. This information can be … Continue reading

Posted in British Virgin Islands, Offshore banks, Offshore tax havens, Tax Shelters | Leave a comment

New adjudication order from the BVI High Court in favour of Wahaha Group

The Chinese joint venture Wahaha Group, which is involved in a long-lasting dispute with Danone, announced that it has received a new adjudication order from the High Court of the British Virgin Islands. By the decision of the BVI court, … Continue reading

Posted in BVI Companies, BVI Courts, British Virgin Islands, Litigation | Leave a comment

Updated list of unlicensed overseas callers and fake regulators published by the ASIC

Recently the Australian Securities and Investments Commission (ASIC) has published the fresh list of unlicensed overseas callers – overseas companies that have made unsolicited calls to Australians, and not currently holding their license. The new companies that appear and are … Continue reading

Posted in BVI Companies, British Virgin Islands, Offshore investment schemes, Unlicensed offshore services | Leave a comment

Complaint filed by editors to the BVI governor and deputy governor over media ban

Publisher of BVI News Online Merrick Andrews is going to file formal complaint to the British Virgin Islands governor and deputy governor. The subject of the complaint is the ban of one of the publication’s reporters from attending magistrate court … Continue reading

Posted in BVI Courts, BVI Government, British Virgin Islands | Leave a comment

Danone and KPMG accused of violation of Chinese laws

The dispute between the French Group Danone and China-based joint venture Wahaha Group which is already continuing for one-and-a-half year long has finished with Danone paying 570 million yuan to the Chinese company, and its high-profile legal actions worldwide have … Continue reading

Posted in BVI Companies, BVI Courts, British Virgin Islands, Litigation | Leave a comment