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

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Paulson Special Situations Fund (Mezzanine) LP: Restoration Application

May 06, 2021 - Originating Application in the matter of Paulson Special Situations Fund (Mezzanine), L.P. at the Grand Court of the Cayman Islands.

betapharm Arzneimittel GmbH v. Amgen Inc.: Discovery Application

May 06, 2021 - Application by betapharm Arzneimittel GmbH, of Germany, to take discovery from Amgen Inc., of Delaware, "for use in German patent infringement actions and opposition proceedings before the European Patent Office", filed at the U. S. District Court for the Central District of California.

Poland: BBVA Compass et al

May 06, 2021 - Application for the appointment of a Commissioner to collect evidence from BBVA Compass Bank and Wells Fargo Bank - pursuant to a request for judicial assistance from Poland - for a criminal investigation into "unknown subject(s) for fraud".

Sapien Capital Ltd.: £178K Fine

May 06, 2021 - Final Notice by the United Kingdom's Financial Conduct Authority that it has imposed a fine of £178,000 on Sapien Capital Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert at Companies House for England and Wales showed that Sapien Capital Limited was incorporated on October 24th, 2007 and its directors and controlling persons are Ramesh Kumar Ahuja, a citizen of India, and Aditi Aggarwal, an Indian chartered accountant, while the company's website identifies its "Team" as Ramesh Kumar Ahuja, "CEO and Director"; Aditi Aggarwal, "Director", and Matthew Hill, "Head of Compliance and MLRO".

Austin Blood v. Rex Rankine: Bankruptcy Notice

May 05, 2021 - Bankruptcy Notice regarding an alleged debt of $182,000 in Austin Blood, of Lyons, Colorado, USA v. Rex Rankine at the Grand Court of the Cayman Islands.

USA v. Juan Carlos Balaguerra Villamizar: Criminal Information

May 05, 2021 - Criminal Information alleging money laundering conspiracy involving "purported proceeds of bribes paid to Brazilian public officials" in USA v. Juan Carlos Balaguerra Villamizar at the U. S. District Court for the Southern District of New York.

Paid Search Engine Tools LLC v. Eric Schmidt: Discovery Application

May 05, 2021 - Application by Paid Search Engine Tools LLC to take discovery from Eric Schmidt for use in legal proceedings in Canada involving Google Canada Corporation, Google LLC, and Alphabet Inc., filed at the U. S. District Court for the Central District of California.

Helios Ventures FZE v. VistaJet US Inc. et al: Discovery Application

May 05, 2021 - Application by Helios Ventures FZE, of Ajman, in the United Arab Emirates, to take discovery from VistaJet US Inc., Rhône Capital LLC, and Rhône Group LLC for use in "contemplated civil proceedings in the United Kingdom and Malta", filed at the U. S. District Court for the Southern District of New York.

Businessman Patokh Chodiev to sue over 'damaging' World-Check compliance database profile

May 05, 2021 - Uzbek-Russian-Belgian businessman Patokh Chodiev intends to sue British financial data and information provider Refinitiv Limited, formerly known as Reuters Limited, over "a poorly supported and damaging report" about him in its risk and compliance database known as World-Check.

RBC Royal Bank (Cayman) Ltd. v. Fritz McPherson: Writ of Summons

May 04, 2021 - Writ of Summons in RBC Royal Bank (Cayman) Ltd. v. Fritz Alberth McPherson 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.