The offshore transaction is a "bona fide" structure, Chief Justice S.H.

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Barclays said the change in ownership of the offshore company had no bearing on the transaction or required approvals.

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If a retail trader enters a prohibited transaction working with an unregistered RFED offshore, he may not have rights to use U.S. courts either.

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According to local press reports, the Finance Ministry is considering a 6% financial transaction tax, or IOF, on offshore lending.

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In a complex transaction Macquarie issued debt and grabbed a 50% stake in the ultimately nicely producing offshore gas wells.

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