Monthly Archives: December 2010

Alliance Trust to ignore buy-back call of its minor shareholder based in BVI

Alliance Trust, based in Dundee, Scotland, has called on its shareholders to ignore the call of an activist investor firm to initiate a share buy-back programme. The British Virgin Islands-incorporated Laxey Partners has just a 0.06 per cent stake in … Continue reading

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Indian Finance Ministry investigates deals in BVI and other offshore jurisdictions

By the information of the Indian press, the finance ministry of the country has begun its investigation into over 100 offshore “financial structuring deals”, undertaken by Indian business entities in offshore jurisdictions to allegedly avoid taxes or pay close to … Continue reading

Posted in Investigation, Offshore tax havens, Tax avoidance, Tax Shelters | Leave a comment

Tullow Oil lost case against BVI companies

London-listed company Tullow Oil Plc has lost an injunction to stop the development of oil blocks in Democratic Republic of Congo to which it lost the rights, by two offshore companies registered in the British Virgin Islands The BVI companies … Continue reading

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Two BVI companies alleged of illegal trading of distributed securities

The executive director of the British Columbia Securities Commission has alleged the two residents of the British Columbia district and two companies registered in the British Virgin Islands of contravening securities laws when they raised money from Canadian and U.S. … Continue reading

Posted in BVI Companies, Illegal actions, Investigation | Leave a comment