Category Archives: BVI Courts

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

Government launches investigation on the long-lasting dispute between the BVI and Bermuda-based companies

Premier and Minister of Finance Hon. Ralph T. O’ Neal, has made an announcement in the beginning of October concerning the BVI government plans to launch a transparent investigation into the issue of the disbursement of more than US$45 million … Continue reading

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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

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BVI Court issues confiscation order in fraud case to BVI- and Bermuda-based companies

In the beginning of May, BVI court confiscated more than US$45 million from a Bermuda-based IPOC International Growth Fund Ltd.  which pleaded guilty of serious frauds. Further on, Justice ordered three other defendants – BVI-registered companies Lapal Limited, Albany Invest … Continue reading

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Shareholders of BVI-registered Lenta Ltd continue arguing publicly

The shareholders of St. Petersburg retail chain Lenta August Meyer and Oleg Zherebtsov continue emotional discussions and mutual accusations, trying to force each other out from company’s management. By words of an American shareholder, the subject of conflict and disagreement … Continue reading

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Hydro’s Aluminium operations with BVI-registered companies go to court

It has already been discussed previously that Norwegian Hydro Aluminium passed money through BVI-based intermediary in its deals with the Tajikistan Aluminium company. Then, the case of the largest missing aluminium amount in the world was considered in the High … Continue reading

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BVI court confirms Turkcell stake in long dispute between its shareholders

In November, the court of the British Virgin Islands announced its judgement in the case of Russia’s Alfa Telecom Turkey Limited, – an affiliate of Alfa Telecom, one of Russia’s leading private equity telecommunications, – versus Cukurova Finance International Limited; … Continue reading

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Settlement agreement btw IPOC International Growth Fund Limited & BVI-domiciled LV Finance Group

On Thursday November 29, the High court of Hamilton (Bermuda) validated a matter settlement agreement between Bermuda company IPOC International Growth Fund Limited and  BVI-registered LV Finance Group Limited, owned by Alpha Group. The court’s validation finally brings to an … Continue reading

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Assets of 8 BVI companies frozen at the request of Danone: Escalation of dispute between Chinese and French Group

The dispute between the French Group Danone SA  and its Chinese joint venture partner Wahaha Group some months ago resulted in Danone’s filing legal action against British Virgin Islands company Ever Maple Trading Ltd., and later on with the counter-claim … Continue reading

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Nam Tai Electronics, Inc. court judgement

On November 28, 2006, Nam Tai Electronics, Inc. announced that the Lords of the Judicial Committee of the Privy Council of the UK rendered a judgment on November 20, 2006 as well as declared that the redemptions by Nam Tai … Continue reading

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BVI trust involved into a fraud case

The legal action regarding a high-scale fraud case has been recently taken in the British Virgin Islands court. The Serious Fraud Office (SFO) investigated the case and prepared it for the court in the British Virgin Islands. The victims of … Continue reading

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