Monthly Archives: August 2008

The update of the status of defaulted loan to Newco Group Ltd.

The U.S. oil and gas company JMG Exploration, Inc. announced that Newco Group Ltd., incorporated under the laws of the British Virgin Islands, has failed to repay a US$3mln loan and accrued interest and fees that was due in July … Continue reading

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Russian court makes a judgement against Telenor in a lawsuit filed by a BVI company

Last week the court in Khanty-Mansiysk, Russia, issued a verdict on the lawsuit filed by BVI-registered Farimex Products against a Norwegian telecoms company Telenor. The judge decided that Telenor is liable for USD 2,824,125,677 in damages plus RUR 460,000 in … Continue reading

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Ukrainian premier: BVI registered offshore company Milbert Ventures Ltd to be used by Ukrainian tycoon in shadowy privatization

This year July, the Ukrainian prime minister Yuliya Tymoshenko made efforts to stop what she called the shadowy privatization of the Odessa-Brody oil pipeline (OBP), from Ukraine’s Black Sea coast to country’s border with Poland, based on the fact that … Continue reading

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Another action initiated against BVI company Firepower

Perth-based Firepower Operations Pty Ltd, an Australian arm of the BVI-registered Firepower Holdings Group Ltd., is already involved in the long-lasting conflict with an international auditing firm KPMG, which refused to deal with this company. Now the company is to … Continue reading

Posted in Bankruptcy, BVI Companies, Investigation | Leave a comment