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InfraRed Environmental Infrastructure GP Ltd. et al v. Spain: Complaint

March 25, 2020 - Complaint to register an arbitral award in InfraRed Environmental Infrastructure GP Limited, European Investments (Morón) 1 Limited, European Investments (Morón) 2 Limited, European Investments (Olivenza) 1 Limited, and European Investments (Olivenza) 2 Limited, all of England v. Kingdom of Spain at the U. S. District Court for the District of Columbia.

3 Point Ventures Ltd. et al v. Chet Mining Co. LLC et al: Complaint

March 24, 2020 - Complaint alleging fraud and breach of contract regarding crypto mining products and services in 3 Point Ventures Ltd., of the Cayman Islands, and Amir Fardghassemi, a resident of California and Dubai v. Chet Mining Co. LLC, of Wyoming; Chet Mining Co. Canada Ltd., described as a British Columbia company based in New York, and Chet Stojanovich, of New York, at the U. S. District Court for the Southern District of New York.

GW Grundbesitz AG v. A. Investments LLC et al: Complaint

March 23, 2020 - Complaint for recognition of Foreign Money Judgment Award in GW Grundbesitz AG, of Switzerland v. A. Investments LLC, described as "a dissolved Nevada limited liability company", and Lezlie Jane Gunn, as Trustee for A. Investments, LLC, at U. S. District Court for the District of Nevada.

Joseph Acerno v. XP Inc. et al: Class Action Complaint

March 21, 2020 - Class Action Complaint alleging securities law violations in Joseph Acerno v. XP Inc., described as a NASDAQ-listed, Cayman Islands-domiciled company that "purports to be a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil"; Guilherme Dias Fernandes Benchimol, Bruno Constantino Alexandre dos Santos, Bernardo Amaral Botelho, Carlos Alberto Ferreira Filho, Gabriel Klas da Rocha Leal, Fabricio Cunha de Almeida, Guilherme Sant'Anna Monteiro da Silva, Julio Capua Ramos da Silva, Martin Emiliano Escobari Lifchitz, Geraldo José Carbone, Francisco Eduardo de Almeida Pinto, Maria Helena dos Santos Fernandes de Santana, Jared Wilson, Goldman Sachs & Co.. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, XP Investments US LLC, Itau BBA USA Securities Inc., BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and UBS Securities LLC at the U. S. District Court for the Eastern District of New York.

Liberty Highrise Pvt. Ltd. v. Praxis Energy Agents DMCC et al: Complaint

March 19, 2020 - Complaint in Liberty Highrise Pvt. Ltd., of India v. Praxis Energy Agents DMCC, of Dubai, and Praxis Energy Agents Pte Ltd., of Singapore, at the U. S. District Court for the Southern District of New York.

Natalia Grabovsky v. EF Institute For Cultural Exchange Inc. et al: Class Action Complaint

March 17, 2020 - Class Action Complaint on behalf of people seeking refunds for overseas educational tours that were cancelled due to the coronavirus pandemic in Natalia Grabovsky v. EF Institute For Cultural Exchange Inc., of California, and EF Education First International AG, a.k.a. EF Education First International Ltd., of Switzerland, at the U. S. District Court for the Southern District of California.

SEC v. Scott Hirsch et al: Complaint

March 17, 2020 - Complaint alleging insider trading involving PedMed Express, Inc., a.k.a. 1800-PedMeds, in U. S. Securities and Exchange Commission v. Scott O. Hirsch and Kenneth L. Friedman, both of Delray Beach, Florida, at the U. S. District Court for the Southern District of Florida.

Juan María Rendón et al v. Abbott Laboratories Inc.: Discovery Application

March 16, 2020 - Application by Juan María Rendón, a citizen of Italy residing in Portugal, and Roberto Maurice Ventura Crispino, a citizen of Italy residing in Panama, to take discovery from Abbott Laboratories Inc. for use in legal proceedings in Colombia and Switzerland involving "a group of sellers who entered into a stock purchase agreement with CFR International SpA, as purchaser, and CFR Pharmaceuticals S.A., as warrantor, for purposes of transferring control over one of the largest pharmaceutical groups in Colombia, named Lafrancol", filed at the U. S. District Court for the Southern District of Florida.

Phoenix Bulk Carriers (BVI) Ltd. v. Triorient LLC: Complaint

March 13, 2020 - Complaint in Phoenix Bulk Carriers (BVI) Ltd., of the British Virgin Islands v. Triorient LLC at the U. S. District Court for the District of Connecticut.

SEC v. Denis Sotnikov et al: Complaint

March 13, 2020 - Complaint regarding alleging investment fraud involving, inter alia, a bank account in Hong Kong and a domain name registered in Cyprus in U. S. Securities and Exchange Commission v. Denis Georgiyevich Sotnikov, a citizen of Russia residing in Florida; Adaptive Technology LLC, AGQ Business Group LLC, ATL Business Group LLC, BO&SA Corporation, DN Industrial LLC, and Expert Digital LLC, as Defendants, and Natalia Aleksandrovna Mazitova, a citizen of Russia; Great Imperial LLC, HRC Clearing House LLC, and Inteko Cargo LLC, as Relief Defendants, at the U. S. District Court for the District of New Jersey.

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.