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BVI court freezes yacht linked with fired Nissan boss Carlos Ghosn

August 23, 2019 - Japanese auto manufacturer Nissan Motor Co. Ltd. has obtained an order in the British Virgin Islands to preserve a yacht called 'Twig' that is linked with its former Chairman and CEO Carlos Ghosn, who is a citizen of Brazil, France, and Lebanon.

São Fernando Açúcar e Álcool Ltda et al: Chapter 15 Petition

August 22, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Vinicius Alexander Oliva Sales Coutinho, as the Foreign Representative of São Fernando Açúcar e Álcool Ltda., São Fernando Energia I Ltda., São Fernando Energia II Ltda., São Marcos Energia e Participações Ltda., and São Pio Empreendimentos e Participações Ltda., at the U. S. Bankruptcy Court for the Southern District of Florida.

Nissan Motor Co. Ltd. v. Carlos Ghosn et al: Preservation Order

August 21, 2019 - Order in Nissan Motor Co. Ltd., of Japan v. Carlos Ghosn, a citizen of Brazil, France and Lebanon and a former chairman and CEO of Nissan; his wife, Carole Nahas Ghosn, and Beauty Yachts Pty Ltd., of the British Virgin Islands, as Respondents, and Virgin Islands Shipping Registry, and Hauteville Trust (BVI) Limited, as Third Parties, at the British Virgin Islands High Court.

Poland: Linode LLC

August 21, 2019 - Application for the appointment of a Commissioner to collect evidence from Linode LLC - pursuant to a request for judicial assistance from Poland - for a criminal investigation into an unknown subject for cryptocurrency-related fraud.

€43M superyacht builder seeks liquidation of Cayman firm 'owned by Venezuelan narco-trafficker'

August 21, 2019 - Italian luxury yacht manufacturer Azimut Bennetti SpA has applied to wind up a Cayman Islands firm allegedly owned by Venezuelan suspected narcotics trafficking-related money launderer Samark Lopez Bello regarding an alleged €500,000 debt owed on a €43 million motor yacht.

ICO Rating: Sanctions Order

August 20, 2019 - Order Instituting Cease-and-Desist Proceedings, Making Findings and Imposing Cease-and-Desist Order regarding Initial Coin Offerings in U.S. Securities and Exchange Commission v. ICO Rating, of Russia.

Richard Targett-Adams: Findings & Sanctions

August 19, 2019 - Order Instituting Administrative Proceedings, Making Findings, & Imposing Remedial Sanctions in the Matter of Richard Targett-Adams, a resident of France, regarding Wintercap SA, of Switzerland, before the U. S. Securities and Exchange Commission.

Rajindersingh Borthosow: Public Notice of Cancellation of Disqualification

August 19, 2019 - Public Notice by the Mauritius Financial Services Commission regarding the cancellation of the disqualification of Rajindersingh Borthosow.

Privilege Wealth's US law firm withdraws due to administration's 'lack of funds'

August 19, 2019 - New Jersey law firm Cole Schotz has withdrawn from representing the United Kingdom-based administrators of Privilege Wealth Plc due to there being insufficient funds to pay legal fees.

Beverstone Fund Management et al: Decision

August 15, 2019 - Decision in National Futures Association v. Beverstone Fund Management, of the Cayman Islands, and Roland Kaehler, a citizen of Canada, by the Business Conduct Committee of the National Futures Association.

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.