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Gibraltar Global Securities, Inc.: Administrative Proceedings

May 28, 2020 - Order Instituting Administrative Proceedings against  Gibraltar Global Securities, Inc., described as "a Bahamian broker-dealer", before the U. S. Securities and Exchange Commission

NMC Health Plc: Chapter 15 Petition

May 28, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Richard Dixon Fleming, Mark Firmin, and Ben Cairns, as the Foreign Representatives of NMC Health Plc, described as being part of a group that is "the largest private healthcare provider in the United Arab Emirates" that is suspected of "financial irregularity" and "fraudulent behavior", at the U. S. Bankruptcy Court for the District of Delaware.

Service Lamp Corporation Profit Sharing Plan v. Carnival Corporation et al: Class Action Complaint

May 27, 2020 - Class Action Complaint alleging securities fraud in Service Lamp Corporation Profit Sharing Plan v. Carnival Corporation, described as "the world's largest leisure travel company and the largest cruise company" that is domiciled in Panama, based in Miami and whose shares are listed on the New York Stock Exchange; Arnold W. Donald, and David Bernstein at the U. S. District Court for the Southern District of Florida.

Benjamin Steinmetz v. Vale SA et al: Discovery Application

May 21, 2020 - Application by Benjamin Steinmetz, of Israel, described as an "adviser" to BSG Resources Limited, "a Guernsey-based international mining and natural resources company", to take discovery from Vale SA, described as a Brazil company that is "one of the largest mining companies in the world"; Vale Americas Inc., Rio Tinto Plc, and Rio Tinto Limited for use in legal proceedings in the United Kingdom involving Vale S.A., of Brazil; Vale Holdings B.V., of the Netherlands, and Vale International S.A., of Switzerland, filed at the U. S. District Court for the Southern District of New York.

Hi-Med LLC v. i-Anthus Capital Holdings Inc. et al: Complaint

May 19, 2020 - Complaint alleging fraud in Hi-Med LLC, of Florida, described as "iAnthus' largest single shareholder" v. i-Anthus Capital Holdings Inc., described as a Canada-domiciled, New York-based "cannabis cultivation" firm whose shares are listed on the Canadian Stock Exchange; Gotham Green Partners LLC, based in Santa Monica, California; Hadley C. Ford, Julius John Kalcevich, Randy Maslow, Elizabeth Stavola, Robert Galvin, and Jason Adler at the U. S. District Court for the Southern District of New York.

Richard Carter v. Willis Towers Watson Plc et al: Class Action Complaint

May 19, 2020 - Class Action Complaint alleging securities violations in Richard Carter v. Willis Towers Watson Plc, described as an Ireland-domiciled, London-based company whose shares are listed on NASDAQ; Victor F. Ganzi, John J. Haley, Anna C. Catalano, Wendy E. Lane, Brendan R. O'Neill, Jaymin B. Patel, Linda D. Rabbitt, Paul Thomas, and Wilhelm Zeller at the U. S. District Court for the Southern District of New York.

ENTREC Corporation: Chapter 15 Petition

May 15, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Anthony Tillman, of Alvarez & Marsal Canada Inc., as the Foreign Representative of ENTREC Corporation, whose shares are listed on the Toronto Stock Exchange; ENTREC Alberta Ltd., ENT Capital Corp., ENTREC Cranes & Heavy Haul Inc., ENTREC Holdings Inc., ENT Oilfield Group Ltd., and ENTREC Services Ltd., at the U. S. Bankruptcy Court for the Southern District of Texas.

1Globe Capital LLC et al: Penalties

May 13, 2020 - Order Imposing Penalties for securities violations on 1Globe Capital, LLC, described as a Delaware company based in Boston, MA, and Beijing, China that is "a family office that purchases stock listed on US exchanges", and Jiaqiang 'Chiang' Li, described as a resident of Boston and Beijing, regarding trading in Sinovac Biotech Ltd., described as an Antigua and Barbuda-domiciled firm based in China whose shares are listed on NASDAQ, before the U. S. Securities and Exchange Commission.

E-Squared Capital Fund LP et al v. Sundial Growers Inc. et al: Complaint

May 07, 2020 - Complaint alleging securities fraud involving a company that "depicted itself as one of the "best and most trusted cannabis" brands" in SUN, A Series of E Squared Investment Fund LLC, of Utah; E-Squared Capital Fund LP, of New York; SHN Financial Investments Ltd., of Israel; Flamingo Drive M&M LLC, of Florida, and Stable Road Capital LLC, of California v. Sundial Growers Inc., described as "a licensed producer of cannabis in Canada" whose shares are listed on NASDAQ; Edward Hellard, Torsten Kuenzlen, Gregory Turnbull, Lee Tamkee, and Elizabeth Cannon, all described as residing in Alberta, Canada, at the U. S. District Court for the Southern District of New York.

World Fuel Services Europe Ltd. v. Hermes Maritime Co. Ltd.: Complaint

May 06, 2020 - Complaint alleging breach of contract in World Fuel Services Europe Ltd., of England v. Hermes Maritime Co. Ltd., described as Malta-domiciled company based in Greece, at the U. S. District Court for the Southern District of Florida.

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.