Monthly Archives: March 2009

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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BVI-registered Platte International left the UK market

The BVI-registered billing company Platte International Ltd (earlier known as Micro Bill Systems Ltd), which has attracted attention after consumer complaints about pop-up bills for pornographic websites, has stopped trading in the UK. Its management company Platte International (UK) Ltd … Continue reading

Posted in BVI Companies, Investigation, Tax avoidance, Unethical business practice | Leave a comment

Cayman fund accused of fraud by BVI hedge funds

Two Tradex Global hedge funds registered in the British Virgin Islands, and their trading advisor, Tradex Global Advisors, have filed a civil complaint against a Cayman Islands-based Solaris Offshore Fund and its associates Solaris Opportunity Fund and Solaris Management, accusing … Continue reading

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Sanctions against tax havens for hiding information on tax evaders

Offshore tax havens that refused to pass information on tax dodgers faced an unprecedented economic sanctions by the world’s most powerful countries, which will be probably agreed at the G20 summit in London in April this year. As a result … Continue reading

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BNP to lose cases against UBS over Madoff-linked funds based in BVI and Luxembourg

France’s biggest bank, BNP Paribas SA, lost two lawsuits seeking to force UBS AG to release a combined 2.5 million euros ($3.1 million) that had been invested with two funds linked to the arrested manager Bernard Madoff, who is accused … Continue reading

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