Category Archives: Litigation

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

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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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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Businessman accused by people who say to have worked in his BVI-registered estate

The UK businessman who is accused of unfair dismissal by two of his employees believes he is being “put on trial” over his business dealings. In their claim against Kevin Cash, Francisco and Maria de Sousa, coming from Portugal, say … Continue reading

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BVI company’s owner asks compensation from the British Government

The founder of the biggest wheel-clamping firm in the United Kingdom has demanded from the Government a compensation of up to £4 million. Mr Trevor Whitehouse, whose company is incorporated in the British Virgin Islands, has claimed that the proposed … 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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BVI-registered company Latitude Asia files claim against UBNZ Funds Management

Last week, the judge of NZ High Court dismissed statutory demand of the British Virgin Islands-registered company Latitude Asia, which claims the company UBNZ Funds Management owes it US$475,000 for services rendered. The company is run by Fraser brothers. Their … 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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