Category Archives: BVI Courts

Legal proceedings in British Virgin Islands courts: Appeal Court, High Court and Magistrate Court.

BVI company’s shareholders request for liquidation process

Following the announcement of the troubled oil and gas company Xcite Energy Limited on discussing the deal after which creditors would take under control 98.5% of its share capital, the principal shareholders moved to company’s liquidation. Being not satisfied with … Continue reading

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Liquidators of Kingate funds applied to BVI High Court

The Joint Liquidators of Kingate Euro Fund, Ltd and Kingate Global Fund, Ltd, BVI-based “feeder funds” involved in Bernard Madoff scheme, applied to the High Court of the British Virgin Islands seeking a direction that documents with information regarding investor … Continue reading

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Restrictions imposed on BVI company in connection with TeliaSonera case

Swedish telecommunications company Telia Sonera has won the case in the BVI court concerning the dispute over the ownership of Turkcell. By decision of the court, restrictions were imposed on locally-registered entities through which Turkcell shareholder Cukurova Holding controls the … Continue reading

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Businessman won dispute on BVI-registered property

The Supreme Court has ruled in favour of businessman James Stanley, the former chairman of the company Bula Resources, in a dispute over the ownership of a property, which, as he claimed, was bought in 1989 for IR£235,000 and moved … Continue reading

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Dispute between TNK-BP and British Petroleum to be solved in the BVI court

It was stated by international media sources that the lawsuit against British Petroleum, filed by TNK-BP, the Russian-based company owned by BP, will come to the British Virgin Islands court in a short time. This matter which will be probably … Continue reading

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Dispute over Turkcell to be resolved in the BVI Court

The dispute over the ownership of Turkcell between Russian Alfa Group and Turkey’s conglomerate Cukurova Holding, which is owned by one of Turkey’s most powerful businessmen, is close to resolution. The appeals court is expected to say its final verdict … Continue reading

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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

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Tullow Oil lost case against BVI companies

London-listed company Tullow Oil Plc has lost an injunction to stop the development of oil blocks in Democratic Republic of Congo to which it lost the rights, by two offshore companies registered in the British Virgin Islands The BVI companies … Continue reading

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Tullow Oil sues DRC for passing the rights on two oil blocks to the BVI companies

The UK oil producer Tullow Oil, which has been deprived of the right for two oil blocks in the Democratic Republic of Congo, in September won a temporary injunction in a British Virgin Islands court against the development or resale … Continue reading

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Cukurova won case against Alfa Group in BVI Court

Turkish telecoms-to-construction group Cukurova Holding, which controls Turkcell, last week won a case in the court of the British Virgin Islands against Russia’s Alpha Group that sought to seize 14 percent of the shares of Turkcell, which was put by … Continue reading

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