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Michael Ben-Ari: Chapter 15 Petition

August 03, 2021 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Israel by Lior Dagan, as the Foreign Representative of Michael David Greenfield, a.k.a. Michael Ben-Ari, whose Israeli investment company, EGFE Israel Ltd., "is suspected of being one of the largest known Ponzi schemes in Israel", in which losses to "victims" are estimated to be "between NIS 300 to 600 million" (approx. US$93 million and $186 million at current exchange rates), filed at the U. S. Bankruptcy Court for the Southern District of New York.

Alpha Latam Management LLC et al: Chapter 11 Petition

August 02, 2021 - Chapter 11 Petition by Alpha Latam Management LLC, of Delaware; Acsa Atento SAS, of Colombia; Alpha Capital SAS, of Colombia; AlphaCredit Latam SAS, of Colombia; AlphaCredit Sudamérica, S de RL, of Panama; AlphaDebit, SA de CV, of Mexico; and Vive Créditos Kusida SAS, of Colombia, at the U. S. Bankruptcy Court for the District of Delaware.

Banco BVA S/A: Chapter 15 Petition

July 29, 2021 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Eduardo Barbosa de Seixas, of Alvarez & Marsal Administração Judicial Ltda, as the Foreign Representative of Banco BVA S/A, filed at the U. S. Bankruptcy Court for the Southern District of Florida.

Gilbane Federal v. United Infrastructure Projects FZCO: Chapter 7 Petition

July 27, 2021 - Involuntary Chapter 7 Bankruptcy Petition regarding an alleged debt of $8.8 million in Gilbane Federal, formerly ITSI Gilbane Company v. United Infrastructure Projects FZCO, of Dubai, UAE, at the U. S. Bankruptcy Court for the Northern District of California.

Asia Private Credit Fund v. Kiang Tien Sik David: Writ of Summons (July 2021)

July 22, 2021 - Writ of Summons in Asia Private Credit Fund (in Official Liquidation) v. Kiang Tien Sik David, of Hong Kong, at the Grand Court of the Cayman Islands.

Asia Private Credit Fund v. Barry Lau Wang Chi: Writ of Summons

July 22, 2021 - Writ of Summons in Asia Private Credit Fund (in Official Liquidation) v. Barry Lau Wang Chi, of Hong Kong, at the Grand Court of the Cayman Islands.

Asia Private Credit Fund v. Adamas Global Alternative Investment Management Inc

July 22, 2021 - Writ of Summons in Asia Private Credit Fund (in Official Liquidation) v. Adamas Global Alternative Investment Management Inc. at the Grand Court of the Cayman Islands.

San Miguel Holdings Corp. et al v. Padma Fund LP: Winding Up Petition

July 19, 2021 - Winding Up Petition in San Miguel Holdings Corp., of the Philippines, and Atlantic Aurum Investments BV, of the Netherlands v. Padma Fund LP, described as "a private equity fund which invests in infrastructure projects and companies in Indonesia and in the Philippines", at the Grand Court of the Cayman Islands.

Cubitt Homes Developments Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (Hazel Marketing Ltd.)

July 09, 2021 - Fixed Date Claim Form regarding Hazel Marketing Inc. in Cubitt Homes Developments Limited, of London, England v. The Registrar of Corporate Affairs at the British Virgin Islands High Court

Block Capital Group Ltd. v. Infinity Capital Group Ltd.: Winding Up Petition

July 09, 2021 - Winding Up Petition in Block Capital Group Limited, a British Virgin Islands company based in Australia v. Infinity Capital Group Limited, described as a Cayman Islands company based in Hong Kong "website (infinitycapital.hk) states that Infinity is in the business of developing world-class luxury residences and has completed a number of projects in Singapore, Thailand and Japan", at the Grand Court of the Cayman Islands.

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.