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Helena Chartering Inc. v. The Bank of New York Mellon et al: Discovery Application

November 18, 2019 - Application by Helena Chartering Inc., of the Bahamas, to take discovery from The Bank of New York Mellon, Deutsche Bank Trust Company Americas, a.k.a. Deutsche Bank USA; Wells Fargo Bank NA, and Citibank NA for use in contemplated legal proceedings in Greence against Liberia-domiciled Cronus Maritime Inc., filed at the U. S. District Court for the Southern District of New York.

HSBC Bank Bermuda Ltd. v. Keith James et al: Judgment

November 15, 2019 - Judgment in HSBC Bank Bermuda Limited v. Keith Percival James and Keimon Lavan Lawrence at Bermuda Supreme Court.

SEC v. Jerry Li: Complaint

November 14, 2019 - Complaint alleging violations of the Foreign Corrupt Practices Act and Securities Exchange Act in U. S. Securities and Exchange Commission v. Jerry Li, a citizen and resident of China, at the U. S. District Court for the Southern District of New York.

King & Spalding LLP v. Turn8 Innovation Fund GP Ltd.: Writ of Summons

November 13, 2019 - Writ of Summons in King & Spalding LLP v. Turn8 Innovation Fund GP Limited at the Grand Court of the Cayman Islands.

Orbis Opportunity Fund (Cayman) LP et al v. David Alan Boyer et al: Complaint

November 13, 2019 - Complaint for damages of $4.1 million for alleged fraud in Orbis Opportunity Fund LP, of Delaware, and Orbis Opportunity Fund (Cayman) LP, of the Cayman Islands v. David Alan Boyer, of Miami, Florida; Savanna Leasing LLC, of Florida; Joel Plasco, of Miami, Florida; Paul Michael Pickett, "whose residency is unknown", and Odyssey Engines LLC, of Florida, at the U. S. District Court for the Southern District of Florida.

SEC v. Benjamin Alderson et al: Pryor Cashman Opposition to Alternative Service

November 12, 2019 - Non-Party Pryor Cashman LLP's Motion Opposing Defendant Alderson's Motion to Authorize Alternative Service of Subpoenas regarding Nigel Green, described as a resident of Dubai; Beverley Yeomans, described as a resident of Malta, and deVere Group Ltd., described as domiciled in Dubai, in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

SEC v. Benjamin Alderson et al: Discovery Disputes

November 12, 2019 - Joint Letter regarding discovery disputes in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

Apex Fund Services Ltd. et al v. Matthew Clingerman et al: Ruling

November 12, 2019 - Ruling regarding an application for an anti-suit injunction to halt legal proceedings in New York in Apex Fund Services Ltd. and Peter Hughes v. Matthew Clingerman, as Receiver of The Silk Road M3 Fund, a segregated account of Silk Road Funds Limited, and Silk Road Funds Limited at Bermuda Supreme Court.

Jiazhou Chen v. Yunji Inc. et al: Class Action Complaint

November 12, 2019 - Complaint in Jiazhou Chen v. Yunji Inc., described as a Cayman Islands firm based in China; Shanglue Xiao, of China; Chen Chen, of China; Huan Hao, of China; Qingrong Kong, of China; Yanhua Sun, of China; Wei Ying, of China; Morgan Stanley & Co., of New York, NY; Credit Suisse Securities (USA) LLC, of New york, NY; JPMorgan Securities LLC, of New York, NY; China International Capital Corporation Hong Kong Securities Limited, of Hong Kong, and Top Capital Partners Limited, of New Zealand, at the U. S. District Court for the Eastern District of New York.

Sabby Volatility Warrant Master Fund Ltd. v. Pareteum Corporation et al: Complaint

November 11, 2019 - Complaint in Sabby Volatility Warrant Master Fund Ltd., of the Cayman Islands v. Pareteum Corporation, Robert H. Turner, Edward O'Donnell, Denis McCarthy, Victor Bozzo, Robert Lippert, Yves van Sante, and Luis Jimenez-Tunon at the U. S. District Court for the Southern District 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.