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Daniel Hall et al v. Harry Sargeant III: Defendant's Motion for Sanctions

April 30, 2021 - Defendant's Motion for Sanctions against Daniel Hall, of the United Kingom, alleging perjury and discovery abuse in Daniel Hall, Burford Capital LLC, and Dundrod Investments Ltd. v. Harry Sargeant III at the U. S. District Court for the Southern District of Florida.

VR Global Partners LP v. Stuart Newberger: Discovery Application

April 16, 2021 - Application by VR Global Partners LP, of the Cayman Islands, to take discovery from Stuart Newberger, described as "a partner in the law firm of Crowell & Moring", for legal proceedings in the Isle of Man involving Broadsheet LLC (in Liquidation) and claims against the Government of Pakistan, filed at the U. S. District Court for the District of Columbia.

The Ferraro Law Firm et al v. Timothy Scrantom et al: Complaint

March 22, 2021 - Complaint involving litigation funding in The Ferraro Law Firm and Total Asset Recovery Services LLC v. Huddleston Capital Partners VIII LLC, of Delaware; Timothy Scrantom, Scrantom Dulles International PLLC, of South Carolina; Ten State International Law PLLC, of South Carolina; Kenneth Platt Elder, and G3 Analytics LLC at the U. S. District Court for the Southern District of Florida.

Omni Bridgeway Ltd. v. GBC Oil Company Ltd.: Winding Up Petition

January 26, 2021 - Winding Up Petition in Omni Bridgeway Limited, a litigation funder domiciled in Australia v. GBC Oil Company Ltd. at the Grand Court of the Cayman Islands.

Kazakhstan v. Bank of New York Mellon et al: Discovery Application

November 05, 2020 - Application by the Republic of Kazakhstan to take discovery from The Bank of New York Mellon Corporation, JPMorgan Chase Bank, N.A., Deutsche Bank Trust Co. Americas, Bank of China, Barclays Bank PLC, BNP Paribas USA, Citibank N.A., The Clearing House Payments Company LLC (CHIPS), Commerzbank AG, HSBC Bank USA, N.A., Société Générale S.A., Standard Chartered Bank USA, UBS AG, Wells Fargo Bank, N.A., and Bank of America, N.A. for use "in foreign judicial proceedings to enforce and collect upon an arbitral award that was issued in Kazakhstan's favor" against "a Canadian company called Gold Pool JV Limited", filed at the U. S. District Court for the Southern District of New York. Kazakhstan is, inter alia, seeking information regarding "third party funding that Gold Pool allegedly received from "a litigation funder registered in Guernsey", a "law firm", and "a Canadian" entity. Editor's Note: Research by OffshoreAlert in the corporate registry for Toronto, Canada showed that Gold Pool JV Limited was incorporated on December 29th, 1995 and its officers and directors are A. Thomas Griffis, President and Director; Elia Crespo, Vice President, Secretary, and Director, and Chris Irwin, Assistant Secretary,

Mitchell NewDelman et al v. Burford Capital LLC et al: Complaint

October 07, 2020 - Complaint for $4.95 million alleging fraud regarding a litigation funding agreement in Mitchell NewDelman, described as "a resident of France through 2013, and thereafter Monaco"; Frank B. Holze, of Maine, and Willis E. Higgins, of Monaco v. Burford Capital Investment Management LLC, f.k.a. Gerchen Keller Capital LLC, of Delaware; Burford, f.k.a. GKC Holdings LLC, of New York; Burford Capital LLC, of Delaware; BCIM Partners II LP, f.k.a. GKC Partners II LP, of Delaware; BCIM PII Holdings LLC, f.k.a. GKC Limited Partners II, of Delaware; Ashley C. Keller, described as an attorney based in Chicago; Donald Stern and Richard L. Gilbert, each described as a director of Semiconductors Inc., at the Circuit Court of Cook County, Illinois.

Fraud charges brought against three Axiom Legal Financing Fund insiders

August 21, 2020 - Three UK nationals - Timothy Schools, Richard Emmett, and David Kennedy - have been criminally charged with fraud over their involvement with Cayman Islands-domiciled Axiom Legal Financing Fund, whose £100 million litigation funding-based investment scam collapsed after being exposed by OffshoreAlert eight years ago.

Novoship (UK) Ltd. v. Harry Sargeant III. et al: Discovery Application

April 30, 2020 - Ex Parte Application by Novoship (UK) Limited to take discovery from Harry Sargeant Jr., Harry Sargeant III, Daniel Sargeant, James Sargeant, Sargeant Marine Inc., International Oil Trading Company LLC, and Berger Singerman LLP for use in legal proceedings in England filed against Novoship (UK) Limited and others by Maroil Trading Inc. and Sea Pioneer Shipping Corporation, described as "entities beneficially owned and controlled by Venezuelan businessman Wilmer Ruperti", against Novoship (UK) Limited, Cally Shipholdings Inc., Vital Shipping Corporation, Dainford Navigation Inc., Tamara Shipholdings SA, and Tuscany Maritime SA, and by those defendants against Burford Capital (UK) Limited and Daniel Hall, filed at the U. S. District Court for the Southern District of Florida.

Steven Goodman v. DMS Governance Ltd.: Appeal Judgment

April 27, 2020 - Judgment regarding an appeal against a lower court's dismissal of a claim against a Cayman Islands-based corporate services provider regarding Axiom Legal Financing Fund, described as having committed "a very substantial fraud in which over US$ 120 million ... was misappropriated by Tim Schools", in Steven Goodman, a lawyer specializing in litigation funding v. DMS Governance Limited at the Court of Appeal of the Cayman Islands.

Stephen Merz v. Burford Capital (UK) Ltd. et al: Amended Class Action Complaint

November 20, 2019 - Amended Class Action Complaint for alleged securities fraud in Stephen Merz v. Burford Capital (UK) Limited, a litigation funding company domiciled in Guernsey, based in England; Peter Middleton, Burford's Chairman during the Class Period; Christopher Bogart, Burford's CEO; Jonathan Molot, Burford's Chief Investment Officer, and Charles Parkinson, a Burford Director, at the U. S. District Court for the Eastern 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.