Monthly Archives: December 2009

FGXI transaction investigated over breach of fiduciary duty

FGX International Holdings Limited, located on the British Virgin Islands, is subject to investigation which was commenced in connection with potential breaches of fiduciary duty and other violations of state law by the Board of Directors of the company. The … Continue reading

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BVI company accused of selling health insurance without license

The Florida Office of Insurance Regulation issued a cease and desist order to American Assurance Underwriters Group and its affiliates, Worldwide Expatriate Administrators LLC and Worldwide Expatriate Advisors LLC, which are selling health insurance in Florida. The State insurance regulators … Continue reading

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BVI-registered Allbury Ltd. involved in the case of Scotland’s airline collapse

The British government is asked to investigate the collapse of the Edinburgh-based airline Flyglobespan. The claim of Scotland’s first minister Alex Salmond came after the failure of a Hertfordshire-based holiday company Allbury Travel Group, which has close links to E-Clear, … Continue reading

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Firepower’s director evidences at liquidators’ hearing

The director of Firepower Operations Pty Ltd, who also took the positions of the director and executive chairman of its parent company Firepower BVI, is giving his evidence at the liquidators’ hearing of the Firepower’s case. The Federal Court examination … Continue reading

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Kyivenergo pays debts to Gaz Ukrainy

The Kyivenergo power distribution company has paid a UAH 170 mln gas debt to the Gaz Ukrainy gas company, clearing its debt for the natural gas it used for generating electricity in November 2009. Kyivenergo is a joint-stock company 50% … Continue reading

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BVI hedge fund is to be liquidated

K1 Invest Ltd., the British Virgin Islands-based hedge fund operated by German K1 group – one of the two BVI hedge funds believed to be used in a network of investment firms to transfer the money received from reputable banks, … Continue reading

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