October 23, 2018
A Virginia federal court has sided with executives of a British Virgin Islands petroleum company in a dispute with a Swiss commodities trading company that accused them of costing it at least $30 million through misrepresentations on a deal to transport fuel from Iraq, finding the court lacked jurisdiction over the dispute.
September 17, 2018
Two executives of a British Virgin Islands petroleum company said global commodities trading house Gunvor SA is improperly trying to get out of arbitrating a dispute over at least $30 million in losses stemming from a deal to transport fuel from Iraq, according to documents filed in Virginia federal court on Friday.