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USA v. Milenyum Energy SA et al: Forfeiture Complaint

June 27, 2019 - Forfeiture Complaint in USA v. Funds in the names of Milenyum Energy SA, domiciled in Panama, based in Turkey, and Blue Energy Trade Ltd. Company, domiciled in St. Kitts and Nevis, based in Turkey, regarding a suspected scheme to launder via U.S. correspondent banks to evade U.S. sanctions concerning Syria, at the U. S.District Court for the District of Columbia.

9REN Holding Sarl v. Spain: Complaint

June 25, 2019 - Complaint to enforce an arbitral award in 9REN Holding Sarl, of Luxembourg, v. The Kingdom of Spain at the U. S. District Court for the District of Columbia.

Qatar v. First Abu Dhabi Bank PJSC et al: Notice of Removal

June 14, 2019 - Notice of Removal, including a copy of a complaint alleging "brazen schemes to manipulate the markets for Qatari currency, bonds, and other financial instruments", in State of Qatar v. First Abu Dhabi Bank PJSC, of the United Arab Emirates, and Samba Financial Group SJSC, of Saudi Arabia, at the U. S. District Court for the Southern District of New York.

Sergio Lovati et al v. Venezuela: Complaint

May 23, 2019 - Complaint alleging failure to make payments on bonds in Sergio Lovati, Rudi Lovati, Alessandra Sarago Lovati, and Alessandro Lucibello Piani, all of Italy v. The Bolivarian Republic of Venezuela at the U. S. District Court for the Southern District of New York.

Mark Vanterpool v. Julian Willock et al: Fixed Date Claim Form

April 01, 2019 - Fixed Date Claim Form in Mark Vanterpool v. Julian Willock, The Speaker of the House of Assembly, and The Attorney General at the British Virgin Islands High Court.

OI European Group BV v. Venezuela et al: Complaint

February 11, 2019 - Complaint in OI European Group BV v. The Bolivarian Republic of Venezuela, Petróleos de Venezuela, SA, PDV Holding, Inc., CITGO Holding, Inc., CITGO Petroleum Corporation, GLAS Americas LLC, in its capacity as collateral trustee, MUFG Union Bank, NA, in its capacity as indenture trustee, Rosneft Trading, SA, Orlando Chacin, Jesus Luongo, Anton Castillo, Eulogio Del Pino, and Maria Del Carmen Martinez at the U. S. District Court for the District of Delaware.

Cayman funds sue Venezuela over 'bonds default'

January 15, 2019 - Two Cayman Islands funds managed by New York-based Pharo Management have filed a complaint against Venezuela over the alleged default of government bonds in which they claim to own a "beneficial interest" totaling $115.5 million.

Pharo Gaia Fund Ltd. et al v. Venezuela: Complaint

January 11, 2019 - Complaint in Pharo Gaia Fund Ltd. and Pharo Macro Fund Ltd., both domiciled in the Cayman Islands, v. The Bolivarian Republic of Venezuela at the Supreme Court of the State of New York.

Casa Express Trust v. Venezuela: Complaint

December 18, 2018 - Complaint in Casa Express Corp., as Trustee of Casa Express Trust v. Bolivarian Republic of Venezuela at the U. S. District Court for the Southern District of New York.

Foresight Luxembourg Solar 1 Sarl et al v. Spain: Petition to Confirm Foreign Arbitral Award

December 14, 2018 - Petition to Confirm Foreign Arbitral Award in Foresight Luxembourg Solar 1 Sarl, Foresight Luxembourg Solar 2 Sarl, Greentech Energy Systems A/S, now known as Athena Investments A/S; GWM Renewable Energy I SpA, and GWM Renewable Energy II SpA v. The Kingdom of Spain at New York Supreme Court.

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.