Monthly Archives: November 2016

BVI arm of Mossack Fonseca fined by BVI FSC

The British Virgin Islands Financial Services Commission has fined Mossack Fonseca & Co (BVI) Limited for US$440,000, the largest amount ever issued by the FSC, for the contravention of the Anti-Money Laundering and Terrorist Financing Code of Practice and BVI … Continue reading

Posted in BVI Companies, BVI Government, Investigation | Leave a comment

BVI-owned hotel’s placed on liquidation and put on sale

The Scotsman Hotel in Edinburgh, the five-star hotel with 150 staff was placed into liquidation in July 2016, after HM Revenue & Customs filed a winding up order against owners of JJW Hotels. In the beginning of July, JJW Hotel … Continue reading

Posted in Liquidation | Leave a comment

Polo Resources’ investee company published arbitration update

Polo Resources Limited, the natural resources investment company based in the British Virgin Islands, announced that its 33.2 per cent investee company Celamin Holdings NL issued an update concerning the resolution of the dispute between its wholly owned subsidiary Celamin … Continue reading

Posted in Court decisions, Litigation | Leave a comment