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Qatar v. First Abu Dhabi Bank PJSC et al: Notice of Removal

June 14, 2019 - Notice of Removal, including a copy of a complaint alleging "brazen schemes to manipulate the markets for Qatari currency, bonds, and other financial instruments", in State of Qatar v. First Abu Dhabi Bank PJSC, of the United Arab Emirates, and Samba Financial Group SJSC, of Saudi Arabia, at the U. S. District Court for the Southern District of New York.

Global Leasing Company: Restoration Application

December 20, 2018 - Originating Application in the matter of Global Leasing Company at the Grand Court of the Cayman Islands.

Saad Investments Company Ltd. v. Awal Bank BSC: Writ of Summons

June 01, 2018 - Writ of Summons in Saad Investments Company Limited, acting by its Joint Official Liquidators, Stephen John Akers, Hugh Dickson, and Mark Byers, v. Awal Bank BSC (in Administration) at the Grand Court of the Cayman Islands.

Guernsey's Steve Dewsnip involved in another dubious venture

April 30, 2018 - Guernsey-based businessman Steve Dewsnip, who was arrested last year as part of a fraud investigation into Providence Financial Group, is involved with another questionable venture, Connecticut-based Almas Nexus, whose CEO, Mark Nichols, has a history of indebtedness and corporate failure.

Banca Turco Romana SA: Chapter 15 Petition

March 13, 2017 - Chapter 15 Recognition of a Foreign Main Proceeding in Romania by Marina Cornelia Saita, as the Foreign Representative of Banca Turco Romana SA, at the U. S. Bankruptcy Court for the Southern District of Florida.

Cobussen Principal Investment Holdings Ltd. v. Heathcliff Overseas Ltd.: Fixed Date Claim Form

September 14, 2016 - Fixed Date Claim Form in Cobussen Principal Investment Holdings Limited v. Heathcliff Overseas Limited at the British Virgin Islands High Court.

Ahmad Hamad Algosaibi and Brothers Company v. Saad Investments Company Ltd. et al: Ruling on Further Security for Costs

June 23, 2016 - Ruling on Further Security for Costs in Ahmad Hamad Algosaibi and Brothers Company v. Saad Investments Company Ltd. and Maan Al-Sanea at the Grand Court of the Cayman Islands.

Barclays Bank Plc v. Saad Investments Company Ltd. et al: Writ of Summons

March 10, 2016 - Writ of Summons in Barclays Bank Plc v. Saad Investments Company Ltd. and Saad Investments Finance Company (No. 5) Limited at the Grand Court of the Cayman Islands.

Ahmad Hamad Algosaibi and Brothers Company v. AWAL Companies: Judgment on Various Applications for Limited Admission

December 10, 2015 - Judgment on Various Applications for Limited Admission in Ahmad Hamas Algosaibi and Brothers Company v. AWAL Companies at the Grand Court of the Cayman Islands.

Saad Investments Company Ltd.: Chapter 15 Petition

May 29, 2015 - Chapter 15 Petition for Recognition of Foreign Main Proceeding in the Cayman Islands by Hugh Dickson and Mark Byers, of Grant Thornton, as the Foreign Representatives of Saad Investments Company Limited, at the U. S. Bankruptcy Court for the Southern District of New York.
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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 crypto firm ICOBox sued by US regulator for 'unregistered' activity
Cayman Islands cryptocurrency "incubator" ICOBox and its founder, Nikolay Evdokimov, have been sued by the U.S. SEC for alleged illegal involvement in digital token offerings that raised $665 million. In a separate lawsuit last year, a former CEO of an ICOBox subsidiary claimed the group's "main shareholders" were "all funded by Russian money laundered through bitcoins and other cryptocurrencies".
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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.