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Banco BVA S/A: Chapter 15 Petition

July 29, 2021 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Eduardo Barbosa de Seixas, of Alvarez & Marsal Administração Judicial Ltda, as the Foreign Representative of Banco BVA S/A - Chapter 15 Petition - U. S. Bankruptcy Court for the Southern District of Florida - July 29, 2021

New Company SEZC: Restoration Application

July 15, 2021 - Originating Application in the matter of New Company SEZC at the Grand Court of the Cayman Islands.

MatlinPatterson Global Opportunities Partners II LP et al: Chapter 11 Petition

July 06, 2021 - Chapter 11 Petition that "would appropriately place before this Court any dispute over the enforceability against U.S. assets of a Cayman judgment upholding a Brazilian arbitration award that U.S. courts have already determined is unenforceable in the United States" by MatlinPatterson Global Opportunities Partners (Cayman) II L.P., of the Cayman Islands; MatlinPatterson Global Opportunities Partners II L.P., MatlinPatterson Global Opportunities Partners (SUB) II L.P., MatlinPatterson Global Partners II LLC, MatlinPatterson Global Advisers LLC, MatlinPatterson PE Holdings LLC, and Volo Logistics LLC, all of Delaware, which are part of a group that specializes in "distressed investing", at the U. S. Bankruptcy Court for the Southern District of New York.

Amec Foster Wheeler Energy Ltd.: SFO Announcement of £103M DPA

July 02, 2021 - News Release by the United Kingdom's Serious Fraud Office entitled "SFO enters into £103M DPA with Amec Foster Wheeler Energy Limited" regarding "the use of corrupt agents in the oil and gas sector" involving an alleged scheme involving Brazil, India, Malaysia, Nigeria, and Saudi Arabia.

U.K. Serious Fraud Office v. Amec Foster Wheeler Energy Ltd.: Judgment

June 28, 2021 - Judgment regarding allegations of bribery involving Brazil, India, Nigeria, Malaysia, and Saudi Arabia in the United Kingdom's Serious Fraud Office v. Amec Foster Wheeler Energy Limited at Southwark Crown Court, in England.

U.K. Serious Fraud Office v. Amec Foster Wheeler Energy Ltd.: Deferred Prosecution Agreement

June 28, 2021 - Deferred Prosecution Agreement regarding allegations of bribery involving Brazil, India, Malaysia, Nigeria, and Saudi Arabia in the United Kingdom's Serious Fraud Office v. Amec Foster Wheeler Energy Limited at Southwark Crown Court, in England.

Napa Spring Corporation: Restoration Application

June 25, 2021 - Originating Application in the matter of Napa Spring Corporation at the Grand Court of the Cayman Islands.

USA v. Amec Foster Wheeler Energy Ltd.: Deferred Prosecution Agreement

June 25, 2021 - Deferred Prosecution Agreement regarding an alleged bribery scheme involving Brazilian petroleum firm Petróleo Brasileiro - Petrobras in USA v. Amec Foster Wheeler Energy Limited, of Switzerland, at the U. S. District Court for the Eastern District of New York.

USA v. Amec Foster Wheeler Energy Ltd.: Criminal Information

June 25, 2021 - Criminal Information alleging a bribery scheme involving, inter alia, Brazilian petroleum firm Petróleo Brasileiro - Petrobras, unidentified "intermediary" companies in Brazil and Monaco, and unidentified citizens of Brazil, Italy, United Kingdom and United States in USA v. Amec Foster Wheeler Energy Limited, of Switzerland, at the U. S. District Court for the Eastern District of New York.

Amec Foster Wheeler Ltd.: $22.7M Penalties

June 25, 2021 - Administrative Order by the U. S. Securities and Exchange Commission imposing penalties totaling $22.7 million on Amec Foster Wheeler Limited, described as a Switzerland-domiciled parent of a group "with a significant presence in the United Kingdom", regarding "a bribery scheme to obtain an oil and gas engineering and design contract in Brazil" involving Petróleo Brasileiro S.A. - Petrobras.

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.