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USA v. Executor of Marc Ratzersdorfer's Estate: Complaint

May 22, 2020 - Complaint for damages of $4 million regarding failure to disclose accounts at Swiss banks in USA v. Jane Doe, as the Executor of the Estate of Marc Ratzersdorfer, at the U. S. District Court for the District of Columbia.

Grand Capital Asset Management Ltd. v. Citibank NA et al: Discovery Application

May 22, 2020 - Application by Grand Capital Asset Management Ltd., of Bulgaria, to take discovery from Citibank N.A., The Bank of New York Mellon, Société Générale, HSBC Bank USA, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Barclays Bank PLC, Deutsche Bank Trust Co. Americas, Bank of Nova Scotia, UBS AG, Bank of America, N.A., Standard Chartered Bank US, Commerzbank AG US, and The Clearing House Payments Company, LLC for use in a "contemplated proceeding against Gulf Technical Commercial Printing Press LLC before the Sharjah Court of First Instance, major circuit, in the United Arab Emirates", filed at the U. S. District Court for the Southern District of New York.

Derek Oatway et al v. Aegis Defense Services LLC et al: Discovery Application

May 22, 2020 - Petition by Derek James Oatway, Innovative Support Services Limited, James Ouya Omwando, Patrick Gerard Grant, and Derek James Oatway and Erin Verneris, as Trustees for Parmesan Trust, to take discovery from Aegis-KK Security Burundi and Aegis Defense Services LLC, d.b.a. GardaWorld Federal Services," for use in "an ongoing proceeding before the London Court of International Arbitration", filed at the U. S. District Court for the Eastern District of Virginia.

Benjamin Steinmetz v. Vale SA et al: Discovery Application

May 21, 2020 - Application by Benjamin Steinmetz, of Israel, described as an "adviser" to BSG Resources Limited, "a Guernsey-based international mining and natural resources company", to take discovery from Vale SA, described as a Brazil company that is "one of the largest mining companies in the world"; Vale Americas Inc., Rio Tinto Plc, and Rio Tinto Limited for use in legal proceedings in the United Kingdom involving Vale S.A., of Brazil; Vale Holdings B.V., of the Netherlands, and Vale International S.A., of Switzerland, filed at the U. S. District Court for the Southern District of New York.

USA v. Bank Hapoalim BM et al: $160M Forfeiture Complaint

May 20, 2020 - Forfeiture Complaint regarding $160 million of "gross proceeds from its scheme to defraud the United States" in USA v. Bank Hapoalim BM, of Israel, and Hapoalim (Switzerland) Ltd., of Switzerland, at the U. S. District Court for the Southern District of New York.

Atvos Agroindustrial Investimentos SA v. BBVA et al: Discovery Application

May 20, 2020 - Application by Atvos Agroindustrial Investimentos SA, described as "an indirect subsidiary of the Odebrecht Group", to take discovery from Banco Bilbao Vizcaya Argentaria SA, Intesa Sanpaolo SpA, New York Branch; Lone Star Global Acquisitions Ltd., Lone Star Global Acquisitions LLC, Lone Star North America Acquisitions LP, Lone Star Global Acquisitions (NY) LLC, Lone Star North America Acquisitions LLC, LSF10 Brazil U.S. Holdings LLC, MUFG Bank Ltd., Natixis S.A., New York Branch, and Sumitomo Mitsui Banking Corporation for use in legal proceedings in São Paulo, Brazil, regarding "an illegal hostile takeover attempt in Brazil of Applicant's subsidiary Atvos Agroindustrial S.A. – Em Recuperação Judicial", filed at the U. S. District Court for the Southern District of New York.

La Dolce Vita Fine Dining Company Ltd. et al v. Zhang Lan et al : Notice of Motion to Confirm Order of Attachment

May 19, 2020 - Notice of Motion to Confirm Order of Attachment following an arbitration award of $142 million regarding allegations of fraud in La Dolce Vita Fine Dining Company Limited, and La Dolce Vita Fine Dining Group Holdings Limited, both of the Cayman Islands v. Zhang Lan, described in the motion as "a citizen and resident of China" and, in an exhibit, as "a citizen and resident of St. Kitts and Nevis"; Grand Lan Holdings Group (BVI) Limited, of the British Virgin Islands; Qiao Jiang Lan Development Limited, f.k.a. South Beauty Development Limited, of the British Virgin Islands, and Metro Joy International LLC, of New York, at the U. S. District Court for the Southern District of New York.

Hi-Med LLC v. i-Anthus Capital Holdings Inc. et al: Complaint

May 19, 2020 - Complaint alleging fraud in Hi-Med LLC, of Florida, described as "iAnthus' largest single shareholder" v. i-Anthus Capital Holdings Inc., described as a Canada-domiciled, New York-based "cannabis cultivation" firm whose shares are listed on the Canadian Stock Exchange; Gotham Green Partners LLC, based in Santa Monica, California; Hadley C. Ford, Julius John Kalcevich, Randy Maslow, Elizabeth Stavola, Robert Galvin, and Jason Adler at the U. S. District Court for the Southern District of New York.

FTC v. First Data Merchant Services LLC et al: Complaint

May 19, 2020 - Complaint alleging telemarketing and consumer fraud that caused "tens of millions of dollars" of losses and involving a call center apparently based in Panama in Federal Trade Commission v. First Data Merchant Services LLC, of Florida, and Chi W. Ko, a.k.a. Vincent Ko, at the U. S. District Court for the Southern District of New York.

Richard Carter v. Willis Towers Watson Plc et al: Class Action Complaint

May 19, 2020 - Class Action Complaint alleging securities violations in Richard Carter v. Willis Towers Watson Plc, described as an Ireland-domiciled, London-based company whose shares are listed on NASDAQ; Victor F. Ganzi, John J. Haley, Anna C. Catalano, Wendy E. Lane, Brendan R. O'Neill, Jaymin B. Patel, Linda D. Rabbitt, Paul Thomas, and Wilhelm Zeller at the U. S. District Court for the Southern District of New York.

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.