Firstly, what you see onscreen in iMovie includes the overscan that will be lost off the edges of the screen when transferred back to VT. You will always loose something from around the edges, although this "black border" sounds a bit odd.
The other things is that Panasonic DV PAL camcorders sample the DV the same as US NTSC Cams do, that is 4:1:1, but ALL other PAL brands sample 4:2:0 (Although it's not really zero, it's to do with sampling on alternate lines). This may present a problem to the camera expecting something slightly different. I doubt it, though.
Stay Frosty. I'll look into this one. Can you provide a better description of the problem ie: When transferred back to DV tape and viewed on a normal TV or monitor, what do you see? The whole image shrunk within a black border? The image cropped and masked with a black border?