Category Archives: Court decisions

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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Transactions of BVI company Ample Rich claimed to be taxed

The Revenue Department is planning to claim up to 16 billion baht of taxes from the family of ex-Prime Minister of Thailand Thaksin Shinawatra in a tax case related to the 2006 sale of its holdings in BVI-owned company Shin … Continue reading

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New defendants in the legal dispute over ownership of Kasapa Communications Limited

Kludjeson International Limited (KIL), the company which issued a legal suit against a HK-based Hutchison Telecommunication Limited, accusing it of fraud, is currently in a legal showdown with institutions and personalities to win the ownership dispute of the mobile telecommunication … Continue reading

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Compromise deal between BVI company and Philippines state-owned firm denied by Supreme Court

The Supreme Court of Philippines in its resolution denied the P6.2-billion compromise agreement between government-owned Philippine National Construction Corporation (PNCC) and Radstock Securities, Ltd., a British Virgin Islands-registered firm with HK office address. Under the agreement, PNCC agreed to assign … Continue reading

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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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Gulfside Minerals Ltd. files legal action against BVI company

Canada-based Gulfside Minerals Ltd. announced its intention to proceed with its arbitration proceedings in London against the named owner of the shares of ECM LLC, Mangreat Group Ltd., which is a British Virgin Islands company wholly owned by one of … Continue reading

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Accountant charged of incorporating BVI sham corporation

Steven Michael Rubinstein, the accountant of wealthy Coral Springs company, became the first U.S. citizen charged in a wide-ranging tax probe of Swiss major bank UBS, based in Zurich. The reason for the criminal charges were the UBS records obtained by … Continue reading

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Telenor’s stake in VimpelCom put up for sale

The Russian Bailiff Service prepared documents to auction off a 26.6% stake in Russian mobile operator VimpelCom, which is the subject of a long dispute between its shareholders – Norway’s telecommunications company Telenor and British Virgin Islands-based Farimex. The Norwegian … Continue reading

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Telenor case delayed by Moscow Court

The Moscow Arbitration Court announced this week that it would delay the decision on whether the seizure of 29.9 per cent stock in VimpelCom owned by Norway’s telecommunications company Telenor will be blocked. The hearing is rescheduled to the end … Continue reading

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Telenor dispute considered to be part of Alfa Group’s efforts to gain control over VimpelCom

Norwegian telecommunications company Telenor is almost sure that their real opponents in the long dispute over control of Russia’s VimpelCom are Alfa Group and its owner Mikhail Friedman. This cannot be proved, and Fridman and Alfa deny this fact. Telenor … Continue reading

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