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Saad Aljabri v. Mohammed bin Salman bin Abdulaziz al Saud et al: Complaint

August 06, 2020 - Complaint in Dr. Saad Aljabri, described as "a dual citizen of Malta and the Kingdom of Saudi Arabia" residing in Canada and "a 39-year veteran of the government of Saudi Arabia with expertise in national security and counterterrorism" who was allegedly the target of an "attempted extrajudicial killing" v. Mohammed bin Salman bin Abdulaziz al Saud, Prince Mohammed bin Salman Abdulaziz Foundation, d.b.a. MiSK Foundation; Bader Alasaker, Saud Alqahtani, Ahmed Alassiri, Khalid Ibrahim Algasem, Mishal Fahad Alsayed, Bandar Saeed Alhaqbani, Ibrahim Hamad Abdulrahman Alhomid, Saud Abdulaziz Alsaleh, Mohammed Alhamed, Bijad Alharbi, all of Saudi Arabia; Layla Abduljadayel, and Youssef Alrajhi, both of the United States, at the U. S. District Court for the District of Columbia.

Tailored Brands Worldwide Purchasing Co.: Winding Up Petition

August 04, 2020 - Winding Up Petition in the matter of Tailored Brands Worldwide Purchasing Co., described as being part of a group that "is a leading, multi-national specialty retailer of men's tailored clothing and is the largest men's formalwear provider in the United States and Canada", operating "under various brands including the US brands, Men's Wearhouse, Jos. A. Bank, K&G Fashion Superstore, and the Canadian brand, Moores Clothing for Men", at the Grand Court of the Cayman Islands.

Leila Holdings Ltd.: Registers of Members and Directors & Officers (July 23rd, 2020)

July 23, 2020 - Registers of Members and Directors & Officers of Leila Holdings Ltd., obtained from the company's registered agent, Trocan Management Limited, on July 23rd, 2020.

USA v. Dominic Lacroix et al: Criminal Indictment

July 23, 2020 - Criminal Indictment for alleged fraud involving a cryptocurrency known as PlexCoin in USA v. Dominic Lacroix, Yan Ouellet, and Sabrina Paradis-Royer, all citizens and residents of Canada, at the U. S. District Court for the Northern District of Ohio.

Arbitrade Property Holdings Ltd.: Registers of Members and Directors & Officers (July 22, 2020)

July 22, 2020 - Registers of Members and Directors & Officers of Arbitrade Property Holdings Ltd., obtained from the company's registered agent, Trocan Management Limited, on July 22nd, 2020.

Arbitrade Ltd.: Registers of Members and Directors & Officers (July 22, 2020)

July 22, 2020 - Registers of Members and Directors & Officers of Arbitrade Ltd., obtained from the company's registered agent, Trocan Management Limited, on July 22nd, 2020.

Cryptocurrency group Arbitrade sued in Bermuda for 'unpaid rates'

July 22, 2020 - Fraudulent cryptocurrency group Arbitrade, which purchased a seven-floor office building in Bermuda in 2018 that it has apparently never occupied, is being sued for $168,101 in allegedly unpaid "rates" by the municipal government that administers the jurisdiction's capital city of Hamilton, where the property is located.

Coinsquare Ltd. et al: Order Approving Settlement

July 21, 2020 - Order Approving Settlement Agreement between the Ontario Securities Commission and Coinsquare Ltd., Cole Diamond, Virgile Rostand, and Felix Mazer.

Dean Paul Mitzel TTEE DGI Holdings 401K v. Kirkland Lake Gold Ltd. et al: Class Action Complaint

July 17, 2020 - Class Action Complaint alleging securities fraud in Dean Paul Mitzel TTEE DGI Holdings 401K v. Kirkland Lake Gold Ltd., described as a Canadian company that "owns and operates gold mines in Canada and Australia" whose shares are listed on the New York Stock Exchange, and Anthony P. Makuch at the U. S. District Court for the Southern District of New York.

Quadre Investments LP v. Sky Solar Holdings Ltd. et al: Class Action Complaint

July 17, 2020 - Class Action Complaint in Quadre Investments LP v. Sky Solar Holdings Ltd., described as a Cayman Islands-domiciled, China-based company "in the renewable energy business" whose shares are listed on NASDAQ; Square Acquisition Co., of the Cayman Islands; Square Limited, of the Cayman Islands; Sino-Century HX Investments Limited, of the Cayman Islands; Jing Kang, described as a citizen of Canada; Bin Shi, described as a citizen of China; Kai Ding, described as a citizen of China; Japan NK Investment K.K., of Japan; IDG Accel China Capital LP, described as a Cayman Islands-domiciled limited partnership based in Hong Kong; IDG-Accel China Capital Investors LP, described as a Cayman Islands limited partnership based in Hong Kong; Jolmo Solar Capital Ltd., described as a British Virgin Islands company based in China; CES Holding Ltd., of Hong Kong; TCL Transportation Holdings Limited, of the British Virgin Islands; Esteem Venture Investment Limited, of the British Virgin Islands; Mamaya Investments Ltd., of the British Virgin Islands; Xanadu Investment Ltd., of Hong Kong; Development Holding Company Ltd., of the Cayman Islands; Abdulateef A. Al-Tammar, described as a citizen of Kuwait, and Bjoern Ludvig Ulfsson Nilsson, described as a citizen of Sweden, at the U. S. District Court for the Southern District of New York.

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.