Monthly Archives: October 2010

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

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

Posted in BVI Companies, BVI Courts, Corruption Scandals, Litigation | Leave a comment

British Virgin Islands-based firm to be investigated by Indian agencies

Indian detectives found the real beneficiaries of a Rs1.25 billion (approximately $27 million) payoff that was made to a British Virgin Islands-based company Park House Holdings Limited for TV rights of the Indian Premier League (IPL)  cricket series. This money … Continue reading

Posted in BVI Companies, Investigation, Money Laundering | Leave a comment

BVI- and Bahamas-based companies’ trustee must pay $25 mln in taxes and penalties

Norman Leighton, the owner of international trust administration business called Leighton & Leighton and based in Monaco, has been ordered by the Federal Court of Australia to pay about US$25 mln of taxes and penalties, on the proceeds of his … Continue reading

Posted in BVI Companies, Tax avoidance, Tax fraud | Leave a comment

First Quantum Minerals launches international case against DRC in Washington court

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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