OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

LIQUIDATIONS

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Isle of Man's Montpelier Trust in receivership after boss accused of diverting 'millions of pounds' of client funds

October 09, 2019 - Following a regulator's allegation that its principal, Watkin Gittins, has diverted "millions of pounds" of client money to fund his lifestyle, Isle of Man-based Montpelier (Trust & Corporate) Services Ltd. has been forced into receivership.

HSBC v. Youyuan International Holdings Ltd.: Winding Up Petition

October 08, 2019 - Winding Up Petition in The Hongkong and Shanghai Banking Corporation, of Hong Kong v. Youyuan International Holdings Limited at the Grand Court of the Cayman Islands.

Wansdown Properties Corporation NV: Chapter 11 Petition

October 08, 2019 - Chapter 11 Petition in Wansdown Properties Corporation N.V., of the Netherlands, at the U. S. Bankruptcy Court for the Southern District of New York.

PT Delta Merlin Dunia Tekstil et al: Chapter 15 Petition

October 08, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Indonesia by Geoffrey David Simms, as the Foreign Representative of PT Delta Merlin Dunia Tekstil, PT Delta Dunia Tekstil, PT Delta Merlin Sandang Tekstil, PT Delta Dunia Sandang Tekstil, PT Dunia Setia Sandang Asli Tekstil, PT Perusahaan Dagang dan Perindustrian Damai, and "Mr. Sumitro", at the U. S. Bankruptcy Court for the Southern District of New York.

Paragon Offshore Finance Company: Supervision Petition

October 04, 2019 - Petition for Court Supervision of a Voluntary Liquidation in the matter of Paragon Offshore Finance Company at the Grand Court of the Cayman Islands.

Paragon Holding SCS 1 Ltd.: Supervision Petition

October 04, 2019 - Petition for Court Supervision of a Voluntary Liquidation in the matter of Paragon Holding SCS 1 Ltd. at the Grand Court of the Cayman Islands.

Paragon Holding SCS 2 Ltd.: Supervision Petition

October 04, 2019 - Petition for Court Supervision of a Voluntary Liquidation in the matter of Paragon Holding SCS 2 Ltd. at the Grand Court of the Cayman Islands.

Isle of Man FSA v. Montpelier (Trust and Corporate) Services Ltd.: Receivership Order

October 02, 2019 - Order in Isle of Man Financial Services Authority v. Montpelier (Trust and Corporate) Services Limited at the High Court of Justice of the Isle of Man.

Pamela Hall v. BVI Registrar of Corporate Affairs: Fixed Date Claim Form

October 02, 2019 - Fixed Date Claim Form regarding Belago Holding SA (in Liquidation) in Pamela Hall, of Panama v. Myrna Herbert, in her capacity as Registrar of Corporate Affairs, at the British Virgin Islands High Court.

Bermuda reinsurance boss owed $421K by insolvent US brewing firm

October 02, 2019 - The CEO of Bermuda-based reinsurer Fleming Reinsurance Ltd. - Eric Haller - is the largest unsecured creditor of a brewing company that has filed for Chapter 11 bankruptcy protection in Massachusetts. Eight Bermuda residents are among the firm's 20 largest unsecured creditors.

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.

View Recent Digests

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.