Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.


eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Bermuda's ADG Fund sues defunct BVI shell firm for $52 m in 'dispute' that invites suspicion

March 25, 2015 - An obscure Bermuda-domiciled private equity fund - ADG Absolute Diversified Growth Fund - has applied to liquidate an even more obscure and long ago defunct BVI shell company - Lasdun Ventures - for alleged failure to repay a $52 m loan, a transaction whose substance is open to question.

Cayman hedge fund Brighton SPC suspended in aftermath of Belvedere Management Group exposé

March 22, 2015 - Cayman Islands-domiciled hedge fund Brighton SPC has been suspended by its directors, David Egglishaw and John Cullinane, after OffshoreAlert revealed it was part of a criminal financial enterprise operated by Mauritius-based Belvedere Management Group.

Mauritius regulator closes down two Belvedere Management fund companies

March 21, 2015 - Two key investment fund companies operated by Belvedere Management Group - Lancelot Global PCC and The Four Elements PCC - have had their business licenses revoked in Mauritius - four days after the group was exposed as a massive criminal enterprise by OffshoreAlert.

Brighton SPC: Suspension Announcement

March 18, 2015 - Letter to Shareholders of Cayman Islands-domiciled Brighton SPC from Nicolaas Faure, on behalf of the Fund's Administrator, British Virgin Islands-domiciled Drake Fund Advisors Ltd., announcing that the Fund was suspended on March 18th, 2015 by its directors, David Egglishaw and John Cullinane.

A&E Professional Services v. John Bagalini: Claim Form

March 04, 2015 - Claim Form in Donald E. de Castro, trading as A&E Professional Services, v. John Bagalini, trading as Sharky's Cantina, at the British Virgin Islands High Court.

Finance & Investors Inc. v. Virosat Investments Inc.: Liquidation Application

February 27, 2015 - Liquidation Application in Finance & Investors Inc. v. Virosat Investments Inc. at the British Virgin Islands High Court.

PESA Bydgoszcz SA v. Maltesert Group Inc.: Claim Form

February 27, 2015 - Claim Form in Pojazdy Szynowe PESA Bydgoszcz Spolka Akcyjna, a.k.a. PESA Bydgoszcz SA, v. Maltesert Group Inc. at the British Virgin Islands High Court.

Forbes magazine investor tries to avoid liquidation in BVI

February 27, 2015 - British Virgin Islands-domiciled Integrated Whale Media Investment, which appears to have been the vehicle through which Asian investors bought a majority stake in the Delaware firm that owns iconic U.S.-based publication Forbes magazine last year, has been threatened with liquidation by a creditor.

ADG Absolute Diversified Growth Fund Ltd. v. Lasdun Ventures S.A.: Liquidation Application

February 26, 2015 - Liquidation Application in ADG Absolute Diversified Growth Fund Ltd., domiciled in Bermuda, v. Lasdun Ventures S.A. at the British Virgin Islands High Court.

Michael Taylor et al v. Lawrence Jones et al: Writ of Summons

February 26, 2015 - Writ of Summons in Michael John Taylor, of Monaco; Hugh Daniel Brogan, of the Isle of Man; and Concordia API Fund, of the Cayman Islands v. Lawrence Jones, of England; More Stephens Services S.A.M., of Monaco; and Port of Hercules Administrators Limited, of the British Virgin Islands, at the Grand Court of the Cayman Islands.
Miami 2014 Presale

OffshoreConnect Free Sign Up

Stay informed & connected

  • Free Email Alerts on Breaking News
  • Free Access to Blogs by Industry Leaders
  • Free Contribute to Due Diligence Forums
Cayman attorney Michael Wingrave & client Jazeb Jones demonstrate how not to deal with the media
David Marchant
After my blog last year entitled "A Message to Greg Fairley, Ashley Hurst & Anyone Else Thinking of Threatening Me', I didn't think any lawyer client duo would be stupid enough to repeat the mistake of issuing an idle threat