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VB Investco Pty Ltd. et al: Chapter 15 Petition

August 13, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Australia by Vaughan Strawbridge, Richard Hughes, John Greig and Salvatore Algeri, as the Foreign Representatives of VB Investco Pty Ltd. and VAH Newco No. 2 Pty Ltd., which are both owned by Virgin Australia Airline Holdings Pty Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

Australia: Ling Kou et al

July 13, 2020 - Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Australia - for a criminal investigation into Ling Kou and Chieh-Wei Lin for suspected "importation of methamphetamine".

HLB Mann Judd et al: Revocation, Bans & Fines

June 29, 2020 - Order by the Public Company Accounting Oversight Board fining and revoking the registration of HLB Mann Judd and barring and fining Darryl Swindells and Aidan Smith, all of Australia, for violating "rules and auditing standards"

USA v. Julian Assange: Second Superseding Indictment

June 24, 2020 - Second Superseding Indictment in USA v. Julian Paul Assange at the U. S. District Court for the Eastern District of Virginia.

Virgin Australia Holdings Ltd. et al: Chapter 15 Petition

April 29, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Australia by Vaughan Strawbridge, Richard Hughes, John Greig, and Salvatore Algeri, as the Foreign Representatives of Virgin Australia Holdings Ltd., Virgin Australia International Operations Pty Ltd., Virgin Australia International Holdings Pty Ltd., Virgin Australia International Airlines Pty Ltd., Virgin Australia Airlines (SE Asia) Pty Ltd., Virgin Australia Airlines Holdings Pty Ltd., VAH Newco No. 1 Pty Ltd., Tiger Airways Australia Pty Limited, Virgin Australia Airlines Pty Ltd., VA Borrower 2019 No. 1 Pty Ltd., VA Borrower 2019 No. 2 Pty Ltd., Virgin Tech Pty Ltd., Short Haul 2018 No. 1 Pty Ltd., Short Haul 2017 No. 1, Short Haul 2017 No. 2 Pty Ltd., Short Haul 2017 No. 3 Pty Ltd., VBNC5 Pty Ltd., A.C.N. 098 904 262 Pty Ltd., Virgin Australia Regional Airlines Pty Ltd., Virgin Australia Holidays Pty Ltd., VB Ventures Pty Ltd., Virgin Australia Cargo Pty Ltd., VB Leaseco Pty Ltd., VA Hold Co Pty Ltd., VA Lease Co Pty Ltd., Virgin Australia 2013-1 Issuer Co Pty Ltd., 737 2012 No. 1 Pty. Ltd., 737 2012 No. 2 Pty Ltd., Short Haul 2016 No. 1 Pty Ltd., Short Haul 2016 No. 2 Pty Ltd., Short Haul 2014 No. 1 Pty Ltd., Short Haul 2014 No. 2 Pty Ltd., VA Regional Leaseco Pty Ltd., VB 800 2009 Pty Ltd., VB Leaseco No. 2 Pty Ltd., VB LH 2008 No. 1, VB LH 2008 No. 2 Pty Ltd., VB PDP 2010-11 Pty Ltd., and Tiger International Number 1 Pty Ltd., at the U. S. Bankruptcy Court for the Southern District of New York.

S&P Global Inc. v. Fortescue Metals Group Ltd. et al: Complaint

April 29, 2020 - Complaint alleging "FMG is seeking to prevent SPGI from continuing to publish newsworthy pricing information that FMG would prefer not be published" and "sought to circumvent both the First Amendment and its own contractual obligations by turning to the UK courts" in S&P Global Inc., "the leading independent provider of information and benchmark prices for the energy and commodities markets", of New York v. Fortescue Metals Group Ltd. , described as "one of the largest producers of iron ore in the world", and Chichester Metals Pty Ltd., both of Australia, at the U. S. District Court for the Southern District of New York.

SpeedCast Communications, Inc. et al: Chapter 11

April 23, 2020 - Chapter 11 Bankruptcy Petition by SpeedCast Communications, Inc., of Texas; SpeedCast International Limited, of Australia; SpeedCast UK Holdings Limited, of England; CapRock UK Limited, of Scotland; CapRock Communications Pte. Ltd., of Singapore; CapRock Communications Pte. Ltd., of Singapore; Speedcast Cyprus Ltd., of Cyprus; SpeedCast Limited, of Hong Kong; SpeedCast Group Holdings Pty Ltd., of Australia; SpaceLink Systems, LLC, of Texas; SpeedCast Australia Pty Limited, of Australia; Satellite Communications Australia Pty Ltd., of Australia; Oceanic Broadband Solutions Pty Ltd., of Australia; SpeedCast Managed Services Pty Limited, of Australia; Maritime Communication Services, Inc., of Texas; Telaurus Communications LLC, of New Jersey; CCI Services Corp., of Texas; HCT Acquisition, LLC, of New York; Cosmos Holdings Acquisition Corp., of New York; Globecomm Network Services Corporation, of New York; Hermes Datacommunications International Limited, of England; SpeedCast Singapore Pte. Ltd., of Singapore; SpaceLink Systems II, LLC, of Texas; CapRock Comunicacoes do Brasil Ltda., of Brazil; CapRock Participacoes do Brasil Ltda., of Brazil; Speedcast Canada Limited, of Canada; CapRock Communications (Australia) Pty Ltd., of Australia; SpeedCast Norway AS, of Norway; Globecomm Europe BV, of the Netherlands; NewCom International, Inc., of Miami; Evolution Communications Group Limited, of New York; Speedcast Netherlands BV, of the Netherlands; SpeedCast Americas, Inc., of Texas; and SpeedCast France SAS, of France, at the U. S. Bankruptcy Court for the Southern District of Texas.

Bermuda target of $2B US tax fraud investigation accuses Australian lawyer of stealing $20M

April 07, 2020 - Australian barrister Evatt Tamine has been accused of stealing "more than $20 million" from a Bermuda charitable trust set up by American billionaire Eugene Brockman, while the Trust itself is apparently the target of a $2 billion "tax and money laundering" investigation in the U.S., according to two court judgments.

OneWeb Global Ltd. et al: Chapter 11 Petition

March 27, 2020 - Chapter 11 Petition by OneWeb Global Limited, of England; 1021823 B.C. Ltd., of Canada; Network Access Associates Limited, of England; OneWeb ApS, of Greenland; OneWeb Chile SpA, of Chile; OneWeb Communications Limited, of England; OneWeb G.K., of Japan; OneWeb Global Limited, of England; OneWeb Holdings LLC, of New York; OneWeb Limited, of Jersey, in the Channel Islands; OneWeb Ltd., of Malta; OneWeb Network Access Holdings Limited, of England; OneWeb Norway AS, of Norway; WorldVu Australia Pty Ltd., of Australia; WorldVu Development LLC, of Nevada; WorldVu JV Holdings LLC, of Delaware; WorldVu Mexico, S. DE R. L. DE C.V., of Mexico; WorldVu Satellites Limited, of Jersey, in the Channel Islands; WorldVu South Africa (Pty) Ltd., of South Africa, and WorldVu Unipessoal Lda, of Portugal, at the U. S. Bankruptcy Court for the Southern District of New York.

St. John's Trust Company (PVT) Ltd. v. James Watlington et al: Judgment

March 26, 2020 - Judgment in St. John's Trust Company (PVT) Limited, whose "sole shareholder is another private trust company, domiciled in Nevis, called Cabarita" v. James Watlington, Glenn Ferguson, Cabarita (PTC) Limited, in its personal capacity and as Trustee of The Waterford Charitable Trust, and The Attorney General at Bermuda Supreme Court. Editor's Note: In the judgment, it is stated that Evatt Tamine, an Australian barrister, was being sued for allegedly "stealing trust assets of the value of more than $20 million" and that he was a "co-operating witness" in a "tax and money laundering investigation" by the U. S. Department of Justice and IRS into "more than USD 2 billion of unreported gains" involving the Bermuda-domiciled A.  Eugene Brockman Charitable Trust.

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.