Hefin Rees QC represented the Attorney General of the British Virgin Islands in the case of Magnum Investment Trading Corporation & Niteroi Limited v the Attorney General of the British Virgin Islands.
The BVI Court has just handed down judgment in this case where Hefin Rees QC was representing the Attorney General of the British Virgin Islands. The case involved a request for information by the Russian Federation under the Criminal Justice (International Cooperation) Act to gather evidence into alleged criminal conduct in Russia.
The Claimant companies’ held a substantial interest in one of Russia’s most successful mineral fertilizer production companies. The Claimants’ asserted that they had been subjected to various corporate raids involving the corrupt exploitation of criminal, regulatory and international mutual assistance regimes by the Russian authorities. The Claimants’ claimed the purpose of these raids was to try and place pressure on the entities being raised as a means of obtaining control over each of them.
The judgment examines how international treaties between governments are to be properly regulated in the BVI, and how tests are to be rigorously applied before confidential documentation is handed over by authorities across borders.
This case follows on from a very similar case called Friar Tuck Limited v The International Tax Authority where Hefin Rees QC represented the International Tax Authority of the BVI in a case last year involving how the BVI should respond to requests for information from foreign Governments under the Tax Information Exchange Agreements.