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CD&P law firm held liable for costs in Bermuda after trial no-show

June 13, 2013 - Bermuda Chief Justice Ian Kawaley has taken the extraordinary step of holding prominent offshore law firm Conyers Dill & Pearman and one of its attorneys, Ray DeSilva, liable for costs in a legal action after neither the law firm nor its client turned up for a trial.

Otkritie International Investment Management Ltd. et al: Eighth Application to Issue Subpoenas

June 11, 2013 - Eighth Application to Issue Subpoenas for the Production of Documents for Use in a Foreign Proceeding by Otkritie International Investment Management Limited, domiciled in the British Virgin Islands; Otkritie Securities Limited, domiciled in England and Wales; and Otkritie Financial Corporation JSC, domiciled in Russia, at the U. S. District Court for the Southern District of New York.

Partners Group Access Secondary 2008, LP et al v. Cybernaut Growth Fund, LP: Winding-Up Petition

June 04, 2013 - Winding-Up Petition in Partners Group Access Secondary 2008, LP, Partners Group Access 89, LP, Partners Group Maple Leaf Secondary Fund II, LP Inc., Partners Group Access IV LP, and Partners Group Global Value SICAV v. Cybernaut Growth Fund, LP at the Grand Court of the Cayman Islands.

Bermuda Investment Advisory Services Ltd. v. Aurelia Research (Bermuda) Ltd.: Costs Ruling

May 27, 2013 - Ex Tempore Costs Ruling in Bermuda Investment Advisory Services Limited v. Aurelia Research (Bermuda) Limited at Bermuda Supreme Court.

USA v. Liberty Reserve SA et al: TRO Application

May 23, 2013 - Application for Post-Indictment Restraining Order in USA v. Liberty Reserve SA, Arthur Budovsky, a.k.a. Arthur Belanchuk, a.k.a. Eric Paltz; Vladimir Kats, a.k.a. Ragnar; Ahmed Yassine Abdelghani, a.k.a. Alex; Allan Esteban Hidalgo Jimenez, a.k.a. Allan Garcia; Azzeddine El Amine, Mark Marmilev, a.k.a. Marko; and Maxim Chukharev at the U. S. District Court for the Southern District of New York.

USA v. Liberty Reserve SA et al: Indictment

May 21, 2013 - Indictment in USA v. Liberty Reserve SA, Arthur Budovsky, a.k.a. Arthur Belanchuk, a.k.a. Eric Paltz; Vladimir Kats, a.k.a. Ragnar; Ahmed Yassine Abdelghani, a.k.a. Alex; Allan Esteban Hidalgo Jimenez, a.k.a. Allan Garcia; Azzeddine El Amine, Mark Marmilev, a.k.a. Marko; and Maxim Chukharev at the U. S. District Court for the Southern District of New York.

USA v. David Leon Fredrick et al: Indictment

May 15, 2013 - Indictment for alleged tax fraud in USA v. David Leon Fredrick and Patricia Lynn Hough, allegedly both clients of UBS AG, at the U. S. District Court for the Middle District of Florida involving two Caribbean medical schools: Saba University School of Medicine, in Saba, and Medical School of the Americas, in St. Kitts & Nevis.

CIGNA Worldwide Insurance Company v. ACE Ltd.: Ruling as to Costs & Service

May 13, 2013 - Ruling regarding who should pay costs and legality of service out of the jurisdiction in CIGNA Worldwide Insurance Company v. ACE Limited at the Grand Court of the Cayman Islands.

Swiss banker arrested in USA last month identified as Pierre-Yves Roten

May 11, 2013 - The Swiss banker arrested last month on a 'Material Witness Complaint' as he entered the United States is Pierre-Yves Roten, OffshoreAlert can disclose.

Cukurova Holdings AS v. Sonera Holding BV: Judgment

May 09, 2013 - Judgment in Cukurova Holdings AS v. Sonera Holding B.V. at the British Virgin Islands Court of Appeal.
OAC 2013 VIDEO NA 300 x 250 animated gif - On Demand

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On Correspondent Bank Accounts ... the Achilles Heel of Offshore Banking
Dan Reeves
  If you blinked, you probably missed the news.  On January 29, 2013, a federal judge sitting in New York City authorized the IRS to issue a John Doe summons to UBS AG in Stamford, Connecticut for the correspondent bank records of Wegelin Bank of Switzerland and at least two other Swiss banks that nested their