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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.

CAYMAN ISLANDS

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Nautical Corp: Corporate Details

August 21, 2019 - Search Report from the Cayman Islands General Registry regarding Nautical Corp., obtained on August 21, 2019.

€43M superyacht builder seeks liquidation of Cayman firm 'owned by Venezuelan narco-trafficker'

August 21, 2019 - Italian luxury yacht manufacturer Azimut Bennetti SpA has applied to wind up a Cayman Islands firm allegedly owned by Venezuelan suspected narcotics trafficking-related money launderer Samark Lopez Bello regarding an alleged €500,000 debt owed on a €43 million motor yacht.

Azimut Bennetti SpA v. Nautical Corp: Winding Up Petition

August 19, 2019 - Winding Up Petition in Azimut Bennetti SpA, of Italy v. Nautical Corp, whose beneficial owner is identified as Samark Jose Lopez Bello, a Venezuelan who was "designated by the US Department of the Treasury's Office of Foreign Assets Control as a Specially Designated Narcotics Trafficker", at the Grand Court of the Cayman Islands.

Sinotech Power International Ltd.: Restoration Application

August 16, 2019 - Originating Application in the matter of Sinotech Power International Limited at the Grand Court of the Cayman Islands.

MKM Longboat Multi-Strategy Fund Ltd.: Petition

August 16, 2019 - Petition in the matter of MKM Longboat Multi-Strategy Fund Limited (Dissolved) at the Grand Court of the Cayman Islands.

Dwayne Seymour v. Sandra Hill: Libel Complaint

August 16, 2019 - Writ of Summons in Dwayne Seymour v. Sandra Hill at the Grand Court of the Cayman Islands.

Beverstone Fund Management et al: Decision

August 15, 2019 - Decision in National Futures Association v. Beverstone Fund Management, of the Cayman Islands, and Roland Kaehler, a citizen of Canada, by the Business Conduct Committee of the National Futures Association.

Yvonne Chambers v. Andres James: Writ of Summons

August 14, 2019 - Writ of Summons in Yvonne Loretta Chambers v. Andres James at the Grand Court of the Cayman Islands.

$15M deferred judgment order against Irish litigation funder Garrett Kelleher

August 14, 2019 - Judgment for $15 million will be entered against Irish litigation funder Garrett Kelleher if he has not settled his asset recovery-related, contempt of court liabilities with Cigna Worldwide Insurance Company by the end of next month, a U.S. federal judge has ordered.

Grand Metropolitan (Cayman Islands) Ltd.: Petition

August 13, 2019 - Petition in the Matter of Grand Metropolitan (Cayman Islands) Limited, whose ultimate parent is Diageo Plc, of England and Wales, 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.