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FourWorld Event Opportunities LP et al v. Warburg Pincus Asia LLC: Discovery Application

July 23, 2021 - Application by FourWorld Event Opportunities LP and Genesis Emerging Markets Investment Company to take discovery from Warburg Pincus Asia LLC "for use in connection with an appraisal proceeding filed in the Grand Court of the Cayman Islands", filed at the U. S. District Court for the Southern District of New York.

FourWorld Event Opportunities LP et al v. Houlihan Lokey Inc.: Discovery Application

July 23, 2021 - Application by FourWorld Event Opportunities LP and Genesis Emerging Markets Investment Company to take discovery from Houlihan Lokey Inc. for use in "an appraisal proceeding pending before the Grand Court of the Cayman Islands", filed at the U. S. District Court for the Central District of California .

FourWorld Event Opportunities LP et al v. General Atlantic LLC et al: Discovery Application

July 23, 2021 - Application by FourWorld Event Opportunities LP and Genesis Emerging Markets Investment Company to take discovery from General Atlantic LLC, General Atlantic Service Company, L.P., GASF Interholdco Ltd., General Atlantic Partners (Bermuda) III, LP, General Atlantic Partners (Bermuda) IV LP, Inc., GAP Coinvestments CDA LP, GAP Coinvestments III LLC, GAP Coinvestments IV LLC, GAP Coinvestments V LLC, GAP (Bermuda) Ltd., General Atlantic GenPar (Bermuda) LP, General Atlantic Singapore Fund Pte. Ltd., General Atlantic Singapore 58 Pte. Ltd., and General Atlantic Singapore 58TP Pte. Ltd., Warburg Pincus LLC, Warburg Pincus China-Southeast Asia II (Cayman) LP, Warburg Pincus China-Southeast Asia II-E (Cayman) LP, WP China-Southeast Asia II Partners (Cayman) LP, Warburg Pincus China-Southeast Asia II Partners LP, Warburg Pincus (Callisto) Global Growth (Cayman) LP, Warburg Pincus (Europa) Global Growth (Cayman) LP, Warburg Pincus Global Growth-B (Cayman) LP, Warburg Pincus Global Growth-E (Cayman) LP, WP Global Growth Partners (Cayman) LP, Warburg Pincus Global Growth Partners (Cayman) LP, and Polarite Gem Holdings Group, Ltd. for use in "an appraisal proceeding filed in the Grand Court of the Cayman Islands" at the U. S. District Court for the Southern District of New York.

Bestway Global Holding Inc.: 'Scheme of Arrangement' Petition

July 20, 2021 - Petition for the Court's sanction of a Scheme of Arrangement in the matter of Bestway Global Holding Inc., described as a Cayman Islands-domiciled, Hong Kong-based "investment holding company", at the Grand Court of the Cayman Islands.

Junhui Jiang v. BlueCity Holdings Ltd. et al: Class Action Complaint

July 19, 2021 - Class Action Complaint in Junhui Jiang v. BlueCity Holdings Limited, described as a Cayman Islands-domiciled, China-based company that "operates a platform for the LGBTQ - lesbian, gay, bisexual, transgender, and queer (or questioning) - community primarily under the BlueCity brand in China, India, Korea, Thailand, and Vietnam"; Baoli Ma, Zhiyong (Ben) Li, Zhe Wei, Wei Ying, Colleen A. DeVries, AMTD Global Markets Limited, Loop Capital Markets LLC, Tiger Brokers (NZ) Limited, Prime Number Capital LLC, R. F. Lafferty & Co. Inc., and Cogency Global Inc. at the U. S. District Court for the Eastern District of New York.

Pedro Balderas v. 360 DigiTech Inc. et al: Class Action Complaint

July 13, 2021 - Class Action Complaint alleging securities fraud in Pedro Balderas v. 360 DigiTech Inc., described as a Cayman Islands-domiciled, China-based company that "operates a digital consumer finance platform under the 360 Jietiao brand in the People's Republic of China" in Haisheng Wu, Jiang Wu, and Zuoli Xu at the U. S. District Court for the Southern District of New York.

Jatin Chopra v. DiDi Global Inc. et al: Class Action Complaint

July 12, 2021 - Class Action Complaint alleging securities fraud in Jatin Chopra v. DiDi Global Inc., f.k.a. Xiaoju Kuaizhi Inc., described as a Cayman Islands-domiciled, China-based company that "purports to be the world's largest mobility technology platform. Its four key components are: shared mobility, auto solutions, electronic mobility, and autonomous driving"; Will Wei Cheng, Alan Yue Zhuo, Jean Qing Liu, Stephen Jingshi Zhu, Zhiyi Chen, Martin Chi Ping Lau, Kentaro Matsui, Adrian Perica, Daniel Yong Zhang, Goldman Sachs (Asia) LLC, Morgan Stanley & Co. LLC, JPMorgan Securities LLC, BoFA Securities Inc., Barclays Capital Inc., China Renaissance Securities (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited, Citigroup Global Markets Inc., Guotai Junan Securities (Hong Kong) Limited, HSBC Securities (USA) Inc., UBS Securities LLC, BOCI Asia Limited, BOCOM International Securities Limited, CCB International Capital Limited, CLSA Limited, CMB International Capital Limited, Futu Inc., ICBC International Securities Limited, Mizuho Securities USA LLC, and Tiger Brokers (NZ) Limited at the U. S. District Court for the Southern District of New York.

Keyla Bell v. Kanzhun Ltd. et al: Class Action Complaint

July 12, 2021 - Class Action Complaint alleging securities fraud in Keyla D. Bell v. Kanzhun Limited, described as a Cayman Islands-domiciled, China-based operator of "an online recruitment platform, BOSS, which is a mobile-native product that promotes instant direct chats between employers and job seekers, delivers matching results, and is powered by proprietary artificial intelligence"; Peng Zhao, Yu Zhang, Xu Chen, and Tao Zhang at the U. S. District Court for the District of New Jersey.

Kohli Pratyush v. Full Truck Alliance Co. Ltd. et al: Class Action Complaint

July 12, 2021 - Class Action Complaint in Kohli Pratyush v. Full Truck Alliance Co. Ltd., described as a Cayman Islands-domiciled, China-based "digital freight platform that connects shippers with truckers to facilitate shipments in the People's Republic of China"; Peter Hui Zhang, Simon Chong Cai, Colleen A. DeVries, Morgan Stanley & Co., LLC, China International Capital Corporation Hong Kong Securities Limited, of Hong Kong; Goldman Sachs (Asia) LLC, of Hong Kong, and Cogency Global Inc., of New York, at the U. S. District Court for the Eastern District of New York.

Nokia Technologies Oy v. Qualcomm Inc.: Discovery Application (Germany & India)

July 08, 2021 - Application by Nokia Technologies Oy, of Finland, to take discovery from Qualcomm Inc. "for use in patent infringement suits against Guangdong Oppo Mobile Telecommunications Corp., Ltd. and various subsidiaries and affiliates thereof, including OnePlus Technology (Shenzhen) Co. Ltd." in Germany and India, filed at the U. S. District Court for the Southern District of California.

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.