Category Archives: Litigation

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

Tullow Oil sues DRC for passing the rights on two oil blocks to the BVI companies

Posted on October 22, 2010 by Mike

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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First Quantum Minerals launches international case against DRC in Washington court

Posted on October 2, 2010 by Mike

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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DRC President nephew’s BVI companies to sell Congo oilfields

Posted on September 6, 2010 by Mike

Some months after two oilfields in the Democratic Republic of Congo were sold to the British Virgin Islands-based companies, which are said to be owned by president’s nephew Khulubuse Zuma, it actually became known that he sold his disputed rights … Continue reading →

Posted in BVI Companies, Illegal actions, Investigation, Litigation | 1 Comment

BVI companies involved in lawsuit between Yukos Capital and Rosneft

Posted on August 12, 2010 by Mike

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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DRC’s deal with BVI companies said to be illegal

Posted on July 17, 2010 by Mike

Two oil blocks in eastern Democratic Republic of Congo (DRC), located on the border with Uganda , were sold to the companies registered in the British Virgin Islands and owned by relative of country’s president. The presidential decree, according to … Continue reading →

Posted in BVI Companies, Illegal actions, Litigation | 1 Comment

Australian actor accused of concealing income from BVI offshore companies

Posted on June 24, 2010 by Mike

In the case of an Australian actor Paul Hogan, who had already been accused of defrauding the tax office by establishing loan scheme with an offshore company GB Film Finance registered in the British Virgin Islands, new allegations appeared against … Continue reading →

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Cukurova won case against Alfa Group in BVI Court

Posted on May 31, 2010 by Mike

Turkish telecoms-to-construction group Cukurova Holding, which controls Turkcell, last week won a case in the court of the British Virgin Islands against Russia’s Alpha Group that sought to seize 14 percent of the shares of Turkcell, which was put by … Continue reading →

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Seattle’s pension fund concerned over its investments in BVI- and CI-based hedge funds

Posted on April 19, 2010 by Mike

The Seattle City Employees’ Retirement System (SCERS), the pension fund which is holding $1.6 billion to pay the pensions of 15,000 Seattle city workers, is trying to get back $20 million of its investment money through a several hedge funds … Continue reading →

Posted in BVI Investment Funds, Litigation, Offshore investment schemes | Leave a comment

Gulfside Minerals questions BVI company’s right on ECM shares

Posted on April 12, 2010 by Mike

Gulfside Minerals Ltd. has filed a writ in the District Court of Ulaanbaatar, Mongolia, to cancel the transfer of shares of  ECM LLC, the company holding the Erdenetsogt exploration License, to the British Virgin Islands company Mangreat Group Ltd. In … Continue reading →

Posted in Litigation, Unethical business practice | Leave a comment

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

Posted on March 1, 2010 by Mike

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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