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ASAP International Hotel LLC v. Sky Harbor Atlanta Northeast LLC: Complaint

May 14, 2021 - Complaint in ASAP International Hotel LLC, of Pasadena, California, on behalf of itself as former Manager of ASAP Cayman Atlanta Hotel LLC, of the Cayman Islands, and on behalf of the former members of ASAP Cayman Atlanta Hotel LLC v. Sky Harbor Atlanta Northeast LLC, of Delaware, at the U. S. District Court for the District of Delaware.

IIG Global Trade Finance Fund Ltd. v. Bank Leumi USA: Complaint

May 14, 2021 - Complaint for $446,186 in IIG Global Trade Finance Fund Ltd. (in Official Liquidation) and IIG Structured Trade Finance Fund Ltd. (in Official Liquidation), both of the Cayman Islands v. Bank Leumi USA at the U. S. Bankruptcy Court for the Southern District of New York.

Unisource Holding Inc.: Chapter 7 Petition

April 27, 2021 - Chapter 7 Petition by Unisource Holding Inc. (in Official Liquidation), a.k.a. Unisource Group, of the Bahamas, at the U. S. Bankruptcy Court for the Southern District of Florida.

Eva Stahle et al v. Performance SK8Holding Inc.: Chapter 7 Bankruptcy Petition

April 22, 2021 - Chapter 7 Involuntary Petition alleging debt of $247,234 by Eva Stahle, Anna-Lina Kvarnsmyr, and Anna Toll, all of Sweden v. Performance SK8Holding Inc., of Las Vegas, Nevada, USA, at the U. S. Bankruptcy Court for the District of Nevada.

Automotores Gildemeister SpA et al: Chapter 11 Petition

April 12, 2021 - Chapter 11 Petition by Automotores Gildemeister SpA, Marc Leasing S.A., Comercial Gildemeister S.A., Maquinarias Gildemeister S.A., Fortaleza S.A., RTC S.A., Maquinaria Nacional S.A., Carmeister S.A., AG Créditos SpA, Fonedar S.A., all of Chile; Lodinem S.A., Camur S.A., both of Uruguay, and Bramont Montadora Industrial e Comercial de Veículos S.A., of Brazil, collectively described as "a vehicle importer and distributor primarily operating in Chile and Peru, as well as in Uruguay, Costa Rica and Brazil", at the U. S. Bankruptcy Court for the Southern District of New York.

Stoneway Capital Ltd. et al: Chapter 11 Petition

April 07, 2021 - Chapter 11 Petition by Stoneway Capital Ltd., of the British Virgin Islands; Stoneway Capital Corporation, of Canada; Stoneway Energy International LP, of Canada; Stoneway Energy LP, of New York; Stoneway Group LP, of New York, and Stoneway Power Generation Inc., of New York, all part of a group whose "principal business" is "the construction, ownership and operation of four power-generating plants in Argentina that provide electricity to the wholesale electricity market in Argentina", at the U. S. Bankruptcy Court for the Southern District of New York. The biggest creditors include companies based in Argentina, British Virgin Islands, Canada, England, Spain, and the United States.

Greensill Capital Inc.: Chapter 11 Petition

March 25, 2021 - Chapter 11 Petition by Greensill Capital Inc., a Delaware-domiciled "financial services company" that "arranged factoring and reverse factoring programs for clients globally" and which is directly owned by Greensill Capital Management (UK) Limited, of the United Kingdom, and indirectly owned by Greensill Capital Pty Limited, of Australia, and is part of a group that includes companies in Australia, Brazil, Cayman Islands, Germany, India, Isle of Man, Netherlands, Singapore, Switzerland, South Africa, United Arab Emirates, and United Kingdom, at the U. S. Bankruptcy Court for the Southern District of New York.

Splash News & Picture Agency LLC: Chapter 11 Petition

March 23, 2021 - Chapter 11 Petition by Splash News & Picture Agency LLC, of Los Angeles, California, at the U. S. Bankruptcy Court for the District of Nevada. The 20 largest unsecured creditors include companies and individuals in Australia, England, France, India, Italy, and Russia.

Gregory Messer v. Butterfield Trust (Bermuda) Ltd. et al: Complaint

March 19, 2021 - Complaint in Gregory Messer, as Chapter 7 Trustee of Lee Alexander Bressler v. Alex Duering Trust UAD 11/14/1996, Butterfield Trust (Bermuda) Ltd., of Bermuda; Lee Bressler, and Scott Bressler, of San Francisco, California, at the U. S. Bankruptcy Court for the Southern District of New York.

Mallinckrodt Plc v. The Buxton Helmsley Group Inc. et al: Complaint

March 12, 2021 - Complaint "to enjoin the illegal campaign of defendants Buxton Helmsley Group, Inc. and its principal, Alexander E. Parker, to frustrate and disrupt this bankruptcy case with an extraordinary general meeting of Mallinckrodt shareholders whom they are soliciting with legally deficient and materially misleading proxy disclosures" in Mallinckrodt Plc, described as "an Irish public limited company" v. The Buxton Helmsley Group Inc., described as a Michigan corporation based in New York, and Alexander E. Parker, of New York, at the U. S. Bankruptcy Court for the District of Delaware.

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.