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Financial Conduct Authority v. Arch Insurance (UK) Ltd. et al: COVID-19 Business Interruption Test Case Judgment

September 15, 2020 - Approved Judgment regarding "a test case to determine issues of principle in relation to policy coverage under various specimen wordings underwritten by the defendants in respect of claims by policyholders to be indemnified for business interruption losses arising in the context of the COVID-19 pandemic and the advice of and restrictions imposed by the UK Government in consequence" in The Financial Conduct Authority, in the United Kingdom v. Arch Insurance (UK) Limited, Argenta Syndicate Management Limited, Ecclesiastical Insurance Office Plc, Hiscox Insurance Company Limited, MS Amlin Underwriting Limited, QBE Limited, Royal & Sun Alliance Insurance Plc, Zurich Insurance Plc, Hospitality Insurance Group Action, and Hiscox Action Group at the High Court of Justice, in London.

Codere Finance 2 (UK) Ltd.: Chapter 15 Petition

September 14, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Manuel Martinez-Fidalgo, as the Foreign Representative of Codere Finance 2 (UK) Limited, described as being part of a group that "is a leading international gaming operator" and whose parent's shares "are listed on the Madrid stock exchange", at the U. S. Bankruptcy Court for the Southern District of New York.

Brooks Brothers Canada Ltd.: Chapter 11 Petition

September 10, 2020 - Chapter 11 Petition by Brooks Brothers Canada Ltd., of Ontario, Canada, at the U. S. Bankruptcy Court for the District of Delaware.

Groupe Dynamite Inc. et al: Chapter 15 Petition

September 08, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Andrew Lutfy, as the Foreign Representative of Groupe Dynamite Inc., GRG USA LLC, and GRG USA Holdings Inc., described as "a fashion retailer specializing in women’s apparel and accessories that is sold online and in stores around the world", at the U. S. Bankruptcy Court for the District of Delaware.

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.

HEMA UK I Ltd.: Chapter 15 Petition

August 19, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Joost Johannes Hendrikus De Beijer, as the Foreign Representative of HEMA UK I Limited, described as being part of a group that "is one of the largest and oldest retailers in the Netherlands", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Minera Tres Valles SpA: Chapter 15 Petition

August 14, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Chile by José Felizardo Figueroa Barrueco, as the Foreign Representative of Minera Tres Valles S.p.A., described as "a fully permitted and operating mining complex", at the U. S. Bankruptcy Court for the Southern District of New York.

Grupo Famsa SAB de CV: Chapter 15 Petition

August 06, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Mexico by Paloma Elizabeth Arellano Bujanda, as the Foreign Representative of Grupo Famsa S.A.B. de C.V., described as a Mexican company that "offers furniture, electronics, household appliances, clothing, and other durable consumer goods through approximately 430 retail stores, including approximately 22 stores located in the United States", at the U. S. Bankruptcy Court for the Southern District of New York.

Matalan Finance Plc: Chapter 15 Petition

July 29, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Stephen Hill, as the Foreign Representative of Matalan Finance Plc, described as being part of a group that is "a £1.1 billion revenue value fashion and home omni-channel retailer", at the U. S. Bankruptcy Court for the Southern District of New York.

Grupo Aeroméxico SAB de CV et al: Chapter 11 Petition

June 30, 2020 - Chapter 11 Petition by Grupo Aeroméxico SAB de CV, Aerovías de México SA de CV, Aerolitoral SA de CV, and Aerovías Empresa de Cargo SA de CV, "collectively known as Mexico's 'global airline'", at the U. S. Bankruptcy Court for the Southern District of New York.
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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.