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Asia Cube Energy Holdings Ltd. v. Inno Energy Tech Co. Ltd. et al: Petition

August 07, 2020 - Petition for Preliminary Injunction "mandating Respondent Hans Chia to return the Petitioner's official company seals in China" in Asia Cube Energy Holdings Ltd., as surviving entity of ISQ District Energy Asia Ltd., of the Cayman Islands v. Inno Energy Tech Co. Ltd., of Samoa, and Hans Chia at the U. S. District Court for the Southern District of New York.

Released from prison, British fraudster now operates under new name (Sencer Orhan)

August 04, 2020 - Notorious British fraudster Sencer Sevket has changed his name after being released from prison and seemingly gone into business with a member of the ruling family in Abu Dhabi, OffshoreAlert can reveal.

META Advisors LLC v. Grantec (Zhangzhou) Co. Ltd.: Complaint

July 31, 2020 - Complaint in META Advisors LLC, as Liquidating Trustee of the Brookstone Liquidating Trust v. Grantec (Zhangzhou) Co. Ltd., of China, at the U. S. Bankruptcy Court for the District of Delaware.

Ning Wang v. Cheetah Mobile Inc. et al: Class Action Complaint

July 31, 2020 - Class Action Complaint alleging fraud in Ning Wang v. Cheetah Mobile Inc., described as Cayman Islands-domiciled, China-based "mobile Internet company that offers mobile utility products"; Sheng Fu, Vincent Zhenyu Jiang, and Thomas Jintao Ren at the U. S. District Court for the Central District of California.

O-Net Technologies (Group) Ltd.: Scheme of Arrangement Petition

July 30, 2020 - Petition seeking sanction for a Scheme of Arrangement in the matter of O-Net Technologies (Group) Limited, which is based in Hong Kong, at the Grand Court of the Cayman Islands.

Jinmao (China) Hotel Investments and Management Ltd.: Scheme of Arrangement Petition

July 29, 2020 - Petition seeking sanction for a Scheme of Arrangement in the matter of Jinmao (China) Hotel Investments and Management Limited, which is based in Hong Kong, at the Grand Court of the Cayman Islands.

Sun Cheong Creative Development Holdings Ltd.: Winding Up Petition

July 28, 2020 - Winding Up Petition in the matter of Sun Cheong Creative Development Holdings Limited, which is based in Hong Kong, Grand Court of the Cayman Islands.

USA v. $2.4M Associated With 'North Korea Money Laundering Scheme': Forfeiture Complaint

July 23, 2020 - Forfeiture Complaint regarding "an investigation by the Federal Bureau of Investigation of a scheme by North Korean banks sanctioned by the U.S. Department of the Treasury to launder U.S. dollars through the United States on behalf of sanctioned entities in the Democratic People's Republic of Korea" in USA v. $2.4 million of funds associated with three companies, filed at the U. S. District Court for the District of Columbia.

Evenstar Master Fund SPC et al v. Fang Holdings Ltd.: Originating Summons

July 21, 2020 - Originating Summons in Evenstar Master Fund SPC, for and on behalf of Evenstar Master Sub-Fund I Segregated Portfolio, and Evenstar Special Situations Limited v. Fang Holdings Limited at the Grand Court of the Cayman Islands.

Evenstar Master Fund SPC et al v. China Index Holdings Ltd.: Originating Summons

July 17, 2020 - Originating Summons in Evenstar Master Fund SPC, for and on behalf of Evenstar Master Sub-Fund I Segregated Portfolio, and Evenstar Special Situations Limited v. China Index Holdings Limited 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.