Category Archives: Court decisions

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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Madoff Trustee to file new lawsuit against BVI-based feeder funds

The trustee Irving Picard, who is trying to recover money invested by victims of Madoff’s affair into his feeder funds, among which there were BVI-registered funds, was authorized by the U.S. Bankruptcy Judge to file a $975.5 million lawsuit against … 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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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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Madoff’s feeder fund tries to recover money

Fairfield Sentry Ltd., one of Madoff’s feeder funds that transferred US$3.2 billion to him, sued a Swiss unit of Bank Morgan Stanley AG. The US fund, which is being liquidated under the supervision of the Commercial Division of the High … Continue reading

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First Quantum Minerals launches international case against DRC in Washington court

холови гарнитуриThe companies International Quantum Resources Limited, Frontier SPRL and Compagnie Miniere de Sakania SPRL, which are the subsidiaries of Canadian mining company First Quantum Minerals Ltd., have initiated international arbitration against the Democratic Republic of Congo (DRC) under the … Continue reading

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BVI companies involved in lawsuit between Yukos Capital and Rosneft

Last week, Russian state-owned enterprise Rosneft had to pay US$430 million to Yukos Capital, in compliance with the Dutch court’s decision.  Russian oil company had to pay this sum to the former subsidiary of Yukos after the court denied it … Continue reading

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BVI company put on liquidation continues products sale

Cool-er device of the British Virgin Islands-registered company Interead, which has received a winding up order a month ago by the high court in Liverpool, UK, is still sold by companies Argos and Tesco. The businessman behind the company Neil … Continue reading

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