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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.

VB Investco Pty Ltd. et al: Chapter 15 Petition

August 13, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Australia by Vaughan Strawbridge, Richard Hughes, John Greig and Salvatore Algeri, as the Foreign Representatives of VB Investco Pty Ltd. and VAH Newco No. 2 Pty Ltd., which are both owned by Virgin Australia Airline Holdings Pty Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

USA v. 53 Virtual Currency Accounts et al: Forfeiture Complaint

August 13, 2020 - Forfeiture Complaint involving "an investigation by the Internal Revenue Service – Criminal Investigation's Cyber Crimes Unit, Homeland Security Investigations, and Federal Bureau of Investigation into online fundraising activities conducted by Hamas's military wing, the al-Qassam Brigades" in USA v. 53 Virtual Currency Accounts, 127 Virtual Currency Properties, Five Accounts Heal at Financial Institution 1, The Domain, and The Domain at the U. S. District Court for the District of Columbia.

Sabena Puri v. USA: Petition to Quash IRS Summons (August 2020)

August 12, 2020 - Petition to Quash Third Party Summons Issued to Citibank NA by the IRS regarding "India Income Tax Liabilities" and an allegation of "political harassment against the current Indian administration's political opposition" in Sabena Puri v. USA at the U. S. District Court for the Central District of California.

Marshall Diel & Myers Ltd. v. Cameron Hill: Final Ruling

August 12, 2020 - Ruling regarding an application to restrain an attorney from representing Andrew Crisson due to alleged conflict of interest in Marshall Diel & Myers Limited, a Bermuda law firm v. Cameron Hill, an attorney, at Bermuda Supreme Court.

AYN Ltd.: License Revocation

August 12, 2020 - Public Statement by the Malta Financial Services Authority that it has revoked the Financial Institution license of AYN Limited, described as a provider of "payment services". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that AYN Ltd. was incorporated on July 18th, 2017, its directors are Paolo Gatti and Paolo Musumeci, both citizens of Italy, and its sole shareholder is AYN Holding Ltd., of Malta. The directors of AYN Holding Ltd. are Gatti and Musumeci and its shareholder is Artio Trustees Limited.

Hermitage Offshore Services Ltd. et al: Chapter 11 Petition

August 11, 2020 - Chapter 11 Petition by Hermitage Offshore Services Ltd., of Monaco; PSV Adminco 2019 LLC, of New York; CB Holdco Limited, Blue Power Limited, Delta Cistern V Limited, Sierra Cistern V Limited, all of Bermuda; Petro Craft 2017-1 Shipping Company Limited, Petro Craft 2017-2 Shipping Company Limited, Petro Craft 2017-3 Shipping Company Limited, Petro Craft 2017-4 Shipping Company Limited, Petro Craft 2017-5 Shipping Company Limited, Petro Craft 2017-7 Shipping Company Limited, Petro Craft 2017-8 Shipping Company Limited, Petro Combi 6030-01 Shipping Company Limited, Petro Combi 6030-02 Shipping Company Limited, Petro Combi 6030-03 Shipping Company Limited, Petro Combi 6030-04 Shipping Company Limited, Hermit Storm Shipping Company Limited, Hermit Viking Shipping Company Limited, Hermit Protector Shipping Company Limited, Hermit Guardian Shipping Company Limited, Hermit Thunder Shipping Company Limited, Hermit Galaxy Shipping Company Limited, Hermit Horizon Shipping Company Limited, Hermit Power Shipping Company Limited, Hermit Prosper Shipping Company Limited, Hermit Fighter Shipping Company Limited, all of the Marshall Islands; Delta PSV Norway AS, and NAO Norway AS, both of Norway, at the U. S. Bankruptcy Court for the Southern District of New York.

Tatiana Akhmedova v. Humaid Abdulla Mohammed al Masaood al Muhairbi: Discovery Application

August 11, 2020 - Application by Tatiana Akhmedova to take discovery from Humaid Abdulla Mohammed al Masaood al Muhairbi for use in "two pending foreign adjudicative proceedings" in Dubai involving the applicant and her "ex-husband" Farkhad Akhmedov, a Russian businessman, filed at the U. S. District Court for the Middle District of Florida.

Paul Deighton: Disqualified Director

August 11, 2020 - Notice by the Isle of Man Financial Services Authority that Paul Deighton has received a 12-year Disqualification. Editor's Note: In December, 2019, Deighton was sentenced to four years and nine months in prison after being convicted of swindling his clients out of nearly £700,000 in a fraudulent investment scheme via his company, Haven Administration Limited, according to a news article by the Isle of Man Examiner.

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.