Category Archives: Litigation

Judicial contests related to British Virgin Islands or BVI companies or trusts.

Polo Resources’ investee company published arbitration update

Polo Resources Limited, the natural resources investment company based in the British Virgin Islands, announced that its 33.2 per cent investee company Celamin Holdings NL issued an update concerning the resolution of the dispute between its wholly owned subsidiary Celamin … Continue reading

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BVI group files lawsuit against wrong foreclosure action

BVI-based company Aman Resorts Group Ltd, which previously agreed to be put into bankruptcy protection in the United States, then filed a lawsuit in NY bankruptcy court against Russian real estate developer Vladislav Doronin accusing him of gutting its asset, … Continue reading

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Investment fund with businesses in BVI and Hong Kong investigated by HK regulators

Hong Kong regulators have done the raid on Buttonwood Legal Capital, which is the adviser of an investment fund Centaur Litigation, and has registered businesses in the British Virgin Islands and Hong Kong. The Securities and Futures Commission served search … Continue reading

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BVI investment fund sues HSBC’s arm over Madoff Ponzi scheme

HSBC Institutional Trust Services Ireland Ltd, (HITSI), which is the Irish arm of HSBC bank, is being sued by the British Virgin Islands investment fund. Defender Ltd. has sued HITSI for about US$540 million over alleged breaches of a custodian … Continue reading

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Cukurova Holding to pay US$1.56bn on Turkcell stake

The shareholder of mobile giant Turkcell, BVI-incorporated Cukurova Holding has to pay US$1.56 billion to recover a disputed 13.7% stake in Turkcell from Russia’s Altimo, a unit of the Alfa Group. By the decision of the UK’s Privy Council, the … 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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US Court froze accounts and assets of BVI captive insurance company

Sanctions were awarded by federal judge in Florida against AAUG Insurance Company Limited, a captive insurer incorporated in the British Virgin Islands. The sanctions followed violation by the BVI company of a preliminary injunction order that froze the company’s assets … Continue reading

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Two BVI companies sued in connection with misappropriation and infringement of trademarks

подаръциикона за подаръкLehmanBrown, a leading China-focused accounting, taxation and business advisory firm, is suing Edward Lehman, his wife Karolina Lehman and two of their associated companies, Union Trade Limited and/or Home & Garden Limited, both incorporated in the British Virgin … Continue reading

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Madoff’s feeder funds’ liquidation procedure: important decision taken

The Joint Liquidators from KryS Global, a law firm working from four jurisdictions, including the British Virgin Islands, Cayman Islands, Bahamas and Bermuda, announced an important decision in the procedure of liquidation of the Fairfield Funds – Fairfield Sentry Ltd., … Continue reading

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CFTC filed suits against 11 unregistered firms including BVI entities

иконописThe US Commodity Futures Trading Commission (CFTC) had filed ten enforcement actions against eleven companies, including two companies registered in the British Virgin Islands – InterForex, Inc. and O.C.M. Online Capital Markets Limited. These firms allegedly illegally solicited the public … Continue reading

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