Monthly Archives: October 2009

The Duke of York criticised for his urge to keep tax loophole for wealthy residents

The Duke of York has provoked crytics and even indignation after he urged the UK Government to preserve a controversial loophole that allows Britain’s wealthy residents to avoid paying millions of pounds in tax each year. Now he is condemned … Continue reading

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ASIC files action against the Fund with BVI-based custodian

The Australian Securities and Investments Commission issued an urgent interim stop order to Trio Capital (also known as Astarra Capital) to remove the product disclosure statements for the funds it manages from its website.  The order followed charges filed last … Continue reading

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Telenor ends legal dispute with Russian partner and plans asset merger

The Norwegian telecom company Telenor and its Russian partner, the telecommunications arm of the Russian financial and industrial group Alfa, settled their longtime dispute, both sides agreeing to set aside their lawsuits and instead merge their assets into a joint … Continue reading

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BVI-controlled company involved in legal battle for ownership rights

Liquidators of South African company Petter Trading are involved in a legal battle with Schweppes Zimbabwe Limited concerning the rights over the assets the company bought before it was placed under reconstruction. The dispute between the two companies involves ownership … Continue reading

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BVI company alleged of consumer fraud and intentional misrepresentation

British Virgin Islands company Allerca Inc., also known as Lifestyle Pets Inc., is sued by a man called Andrew Reale for breach of contract, consumer fraud and intentional misrepresentation. By words of this man, on September 11, 2007 he ordered … Continue reading

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Danone and Wahaha Group finally settle their dispute dealt with by the BVI Court

Chinese beverage giant, joint venture Wahaha Group, finally settled the long-lasting legal dispute with the French food and beverage group Danone SA, which started in 2007 with Danone’s complaint that Wahaha Group was running separate businesses selling Wahaha-branded products.  Since … Continue reading

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Gulfside Minerals Ltd. files legal action against BVI company

Canada-based Gulfside Minerals Ltd. announced its intention to proceed with its arbitration proceedings in London against the named owner of the shares of ECM LLC, Mangreat Group Ltd., which is a British Virgin Islands company wholly owned by one of … Continue reading

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Texas businessman sues ex-partner and BVI companies controlled by him

Craig Hall, a well-known businessman from North Texas, attempts to get back more than $150 mln of the $180 mln which he has lost by loaning or investing in several natural gas partnerships. Two of the companies in which he … Continue reading

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