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Martin LLP v. Sussex Investments BVI Co. et al: Complaint

September 22, 2020 - Complaint in Martin LLP, a law firm in Connecticut v. Sussex Investments BVI Co., of the British Virgin Islands, and Maggie Ann Stocker at the Superior Court for the Judicial District of Stamford-Norwalk, in Stamford, Connecticut.

Kung Fury 2 Europe UG v. Creasun Entertainment USA Inc. et al: Complaint

September 16, 2020 - Complaint alleging "blatant violation of its contractual duty to provide $10 million in financing for the film Kung Fury 2" in Kung Fury 2 Europe UG, of Germany v. Creasun Entertainment USA Inc. and Minglu Ma at the Superior Court of the State of California, County of Los Angeles.

SumTotal Systems LLC v. ACAMS: Complaint

September 08, 2020 - Complaint for $256,213 alleging breach of contract in SumTotal Systems LLC v. Association of Certified Anti-Money Laundering Specialists LLC, based in Miami, domiciled in Delaware, at the Superior Court of the State of Delaware.

Gupta Associates LLC v. New Silk Route PE-SPV LP et al: First Amended Complaint

August 31, 2020 - First Amended Complaint alleging "self-dealing and fraud" in Gupta Associates LLC, of Delaware, individually and in the right of New Silk Advisors LP, described as a Cayman Islands-domiciled "private equity firm that invested in growth industries in the Indian sub-continent and other emerging economies in Asia" v. Parag Saxena, described as a resident of Harrison, NY, and New Silk Route PE-SPV LP, of the Cayman Islands, at the Supreme Court of the State of New York, County of Westchester.

National Bank Trust et al v. Vadim Belyaev: Complaint

August 28, 2020 - Complaint "seeking to recover hundreds of millions of dollars in assets that were misappropriated through a large-scale fraud and misconduct scheme that took place prior to the collapse of one of Russia's largest privately-owned commercial banks" involving, inter alia, entities in the British Virgin Islands and Cyprus in National Bank Trust and PJSC Bank Otkritie Financial Corporation, both of Russia v. Vadim Belyaev, a.k.a. Vadim Wolfson, described as a citizen of Russia and Cyprus residing in New York, at the Supreme Court of the State of New York, County of New York.

Alpha Group Corp. LLC v. Amercom Holdings Switzerland AG et al: $48M Judgment

August 26, 2020 - Default Judgment for $48.7 million in favor of Alpha Group Corp., LLC against Amercom Holdings Switzerland AG, of Switzerland, at the Supreme Court of the State of New York, County of New York.

Purple Surgical UK Ltd. v. Win Billion Investment Group Ltd. et al: Complaint

August 25, 2020 - Complaint alleging a $27 million fraud regarding an "agreement" to purchase "5,000,000 face masks" in Purple Surgical UK Limited, of Hertfordshire, England v. Win Billion Investment Group Limited, described as a British Virgin Islands company based in Hong Kong, and Ric Yun Fai Wu, described as a resident of Hong Kong, at the Superior Court of the State of California, for the County of San Francisco.

Sky Solar Holdings Ltd. et al v. Hudson Solar Cayman LP et al: Complaint

August 13, 2020 - Complaint in Sky Solar Holdings Ltd., of the Cayman Islands; Sky Solar Power Ltd., of the British Virgin Islands, and Sky International Enterprise Group Ltd., of Hong Kong v. Hudson Solar Cayman LP, Hudson Sustainable Investment Management LLC, and Hudson Global Finance DE II, all domiciled in the Cayman Islands and based in New York, NY, at the Supreme Court of the State of New York, County of New York.

Zey Financial and Insurance Services Inc. et al v. Evergreen Life Ltd. et al: Complaint

August 13, 2020 - Complaint alleging fraud in Igor A. Zey and Zey Financial and Insurance Services Inc., a.k.a. ZIFS Inc., of California v. Andrew J. Grey, Troy Smith, SRG LLP, SRG Advisors LLC, Squar Milner LLP, SRG Insurance Services LLC, Scott Diamond, Roxbury Consultants LLC, all of California, and Evergreen Life Limited, of Bermuda, at the Superior Court for the State of California, County of Los Angeles.

AI International Holdings (BVI) Ltd. v. George Tushinsky: Motion for Summary Judgment

August 12, 2020 - Notice of Motion for Summary Judgment In Lieu of Complaint in AI International Holdings (BVI) Limited, of the British Virgin Islands v. George Tushinsky at the Supreme Court of the State of New York, County 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.