Monthly Archives: June 2014

High Court received application to reopen fraud case involving Celtic Energy

The rarely used procedure was applied in the case of mining company Celtic Energy, to reopen in the High Court the case closed in Cardiff Crown Court. This was done to restart the case against six lawyers and businessmen who … Continue reading

Posted in BVI Companies, Court decisions, Frauds, Management Fraud | Leave a comment

BVI-based shareholder files lawsuits against indebted Mechel

The assets of three offshore entities were frozen by a Cyprus court by the order issued on behalf of British Virgin Islands company Saven Enterprises. Through these offshore companies, the controlling shareholder and chairman of mining and metals company Mechel … Continue reading

Posted in BVI Companies, Court decisions | Leave a comment

British Virgin Islands among top offshore jurisdictions for US corporations

According to the report issued last week by Citizens for Tax Justice, high profits are made by the US corporations in offshore jurisdictions such as Bermuda, the Cayman Islands, Switzerland, the Bahamas, the BVI, and many others. In tax havens … Continue reading

Posted in British Virgin Islands, Tax avoidance | Leave a comment