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Zhang Rui Kang et al v. Tunghsu Venus Holdings Ltd. et al: Judgment

February 19, 2021 - Judgment for $86 million in Zhang Rui Kang, of Singapore, and Le Huan-Hsin, of China v. Tunghsu Venus Holdings Limited, of the British Virgin Islands, and Tunghsu Group Co. Ltd., of China, at the Supreme Court of the State of New York, County of New York.

AU Card LLC v. Galaxy Digital Trading Cayman LLC: Petition to Vacate Arbitration Award

February 18, 2021 - Petition to Vacate Arbitration Award in AU Card LLC, of Delaware v. Galaxy Digital Trading Cayman LLC, described as a Cayman Islands-domiciled "unlicensed Virtual Currency Business", at the Supreme Court of the State of New York, County of New York.

Galaxy Digital Trading Cayman LLC v. AU Card LLC: Petition to Confirm Arbitration Award

February 16, 2021 - Petition to Confirm Arbitration Award in "a dispute involving Bitcoin" in Galaxy Digital Trading Cayman LLC, of the Cayman Islands v. AU Card LLC, of Delaware, at the Supreme Court of the State of New York, County of New York.

BFAM Asian Opportunities Master Fund LP v. Tunghsu Venus Holdings Ltd. et al: Judgment

February 16, 2021 - Judgment for $100 million in BFAM Asian Opportunities Master Fund LP, described in the complaint as "an Asia-focused hedge fund managed by BFAM Partners (Hong Kong) Limited v. Tunghsu Venus Holdings Limited, of the British Virgin Islands, and Tunghsu Group Co. Ltd., of China, at the Supreme Court of the State of New York, County of New York.

Green Mountain Holdings (Cayman) Ltd. v. 2040 Madison LLC: Mortgage Foreclosure

February 11, 2021 - Complaint in Green Mountain Holdings (Cayman) Ltd., of the Cayman Islands v. 2040 Madison LLC at the Supreme Court of the State of New York, County of New York.

Smartmatic USA Corp. et al v. Fox Corporation et al: Complaint

February 04, 2021 - Complaint seeking damages of $2.7 billion "for defamation and disparagement" in Smartmatic USA Corp., described as "an election technology and software company", of Boca Raton, Florida, USA; Smartmatic International Holding B.V., of the Netherlands, and SGO Corporation Limited, of England v. Fox Corporation, Fox News Network LLC, Lou Dobbs, Maria Bartiromo, Jeanine Pirro, Rudolph Giuliani, and Sidney Powell at the Supreme Court of the State of New York, County of New York.

Yichen Zhou et al v. Homewin Management LLC et al: Complaint

February 03, 2021 - Complaint alleging fraud regarding an investment scheme "for the purpose of obtaining immigrant visas pursuant to the United States EB-5 investor visa program" in Yichen Zhou, Mengqiu Zhu, Ren Zhou, Chao Wang, Yanting Dong, Yiyang Zhou, Lexia Ma, and Qingren Kong, all described as citizens of China v. Homewin Management LLC, of California; Kwok Yue 'Mickey' Cheng, Loyal Colour Company Ltd., of the British Virgin Islands, and LA Downtown Investment LP, of California, at the Superior Court for the State of California, County of Los Angeles.

PJSC National Bank Trust v. Natalia Pirogova et al: Complaint

February 03, 2021 - Complaint "to undo the fraudulent conveyances" in PJSC National Bank Trust, of Russia v. Natalia Pirogova, of Russia; NMP-Group LLC, Madison 33 Owner LLC, Luiza Dubrovsky, 172 Madison NP Holding LLC, 172 Madison NP Member LLC, Madison 33 Partners LLC, FGP 1 LLC, Serhii Yefimtsev, M Investment Capital LLC, Mark Shvartsburd, and Alexander Forkosh at the Supreme Court of the State of New York, County of New York.

Tommy Alastra v. Troy Hogg: First Amended Complaint

February 02, 2021 - First Amended Complaint alleging fraud and breach of contract involving "a scam by Hogg, a purportedly wealthy and successful businessman, who promised plaintiff that he would fund $150,000 for an Oscars-related event and $50,000 for a film project, and then reneged on his promises, causing plaintiff financial and reputational damage" in Tommy Alastra v. Troy James Hogg, a citizen of Canada, at the Superior Court of California, County of Los Angeles.

LC YF Investments LLC v. Paradise One Corporation et al: Mortgage Foreclosure Complaint

January 28, 2021 - Mortgage Foreclosure Complaint in LC YF Investments LLC v. Paradise One Corporation, of the British Virgin Islands; Claudio Rossi Zampini, of Brazil; 2000 Island Boulevard Condominium Association Inc., and Williams Island Property Owners' Association, Inc. at the Circuit Court of the eleventh Judicial Circuit, in and for Miami-Dade County, Florida.

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.