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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.

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RREEF Infrastructure (GP) Ltd. et al v. Spain: Petition to Enforce Arbitral Award

December 19, 2019 - Petition to Enforce Arbitral Award in the amount of €59.6 million in RREEF Infrastructure (G.P.) Limited, of Jersey, in the Channel Islands, and RREEF Pan-European Infrastructure Two Lux SARL, of Luxembourg v. Kingdom of Spain at the U. S. District Court for the District of Columbia.

Durant International Corp. et al: Chapter 15 Petition

December 11, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Matthew Richardson and Kevin Hellard, of Grant Thornton, as the Foreign Representatives of Durant International Corp., Kildare Finance Ltd., and McDoel Investment Limited, which were "controlled and beneficially owned by Paulo Salim Malif", described as a former mayor os São Paulo, Brazil, at the U. S. Bankruptcy Court for the Southern District of Florida.

Stephen Merz v. Burford Capital (UK) Ltd. et al: Amended Class Action Complaint

November 20, 2019 - Amended Class Action Complaint for alleged securities fraud in Stephen Merz v. Burford Capital (UK) Limited, a litigation funding company domiciled in Guernsey, based in England; Peter Middleton, Burford's Chairman during the Class Period; Christopher Bogart, Burford's CEO; Jonathan Molot, Burford's Chief Investment Officer, and Charles Parkinson, a Burford Director, at the U. S. District Court for the Eastern District of New York.

Kevin Manning: Public Statement

November 20, 2019 - Public Statement by the Jersey Financial Services Commission that Kevin Robert Manning, a former lawyer, is "not fit and proper to work in any capacity in or for any business regulated by the JFSC".

HDS Holdings Ltd. et al v. Cornerstone Development Ltd.: Originating Summons

October 31, 2019 - Originating Summons in HDS Holdings Ltd., of the Cayman Islands; Jonathan Green, of the Cayman Islands; Filbert Holdings III Ltd., of the Cayman Islands; Elizabeth Delaney, of Guernsey, in the Channel Islands, and Sheila Aronfeld, of the Cayman Islands v. Cornerstone Development Ltd., of the Cayman Islands, at the Grand Court of the Cayman Islands.

Ex-UK military lost pensions in dubious Guernsey scheme, says regulator

October 19, 2019 - Former UK "military personnel" were persuaded to transfer their government pensions to Guernsey-based Marlborough Pension Trustees, which then invested their assets in unsuitable "high-risk investments" that failed and distributed false net asset values that concealed losses, a regulator has claimed.

Certes Capital Ltd.: Public Statement

October 18, 2019 - Public Statement by the Guernsey Financial Services Commission regarding "insolvent" Certes Capital Limited (in Voluntary Liquidation), formerly Marlborough Pension Trustees Limited.

BNP Paribas Jersey Trust Corp. v. Camilla de Bourbon des Deux Siciles: Contempt Judgment

October 07, 2019 - Contempt of Court Judgment in BNP Paribas Jersey Trust Corporation v. Camilla de Bourbon des Deux Siciles at the Royal Court of Jersey, in the Channel Islands.

American Fire and Casualty Insurance Company v. Compatriot Insurance PCC Ltd.: Complaint

October 07, 2019 - Complaint in American Fire and Casualty Insurance Company, of Boston, Massachusetts v. Compatriot Insurance PCC Limited, of Guernsey, at the U. S. District Court for the Southern District of New York.

Burford Capital Ltd. v. London Stock Exchange Group Plc: Claim Form

September 30, 2019 - Claim Form seeking information about suspected share price manipulation in Burford Capital Limited, of Guernsey, in the Channel Islands v. London Stock Exchange Group Plc, of England, at the High Court of Justice of England and Wales.

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.