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IIG Trade Opportunities Fund NV: Chapter 15 Petition

March 02, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Curaçao by Valerie P. Maria, as the Foreign Representative of IIG Trade Opportunities Fund NV, at the U. S. Bankruptcy Court for the Southern District of New York.

Hugh Dickson et al v. Michael Jacob: Discovery Application

January 28, 2020 - Application by Hugh Dickson and John Royle, as "Receivers of the sole share of the Cayman Islands based company Britannia Holdings (2006) Limited", to take discovery from Michael Jacob for use in legal proceedings in the Cayman Islands "captioned Lea Lilly Perry and Tamar Perry v. Lopag Trust Reg., Private Equity Services (Curacao) NV, Fiduciana Verwaltungsanstalt, Gal Greenspoon Perry, Yael Perry, Dan Greenspoon, Ron Greenspoon and Mia Greenspoon", filed at the U. S. District Court for the Southern District of New York. Editor's Note: The underlying case was filed under seal at the Grand Court of the Cayman Islands in September, 2017 as part of the Cayman Court's secretly-imposed mass-sealing policy - implemented by Chief Justice Anthony Smellie - that conceals from public view even the existence of many cases involving allegations of impropriety and insolvency against the jurisdiction's foreign-owned companies. More than two years later, the case is still completely sealed in Cayman, despite details being revealed in the U.S.

Hugh Dickson et al v. Chelsea Associates LLC et al: Discovery Application

January 28, 2020 - Application by Hugh Dickson and John Royle, as "Receivers of the sole share of the Cayman Islands based company Britannia Holdings (2006) Limited", to take discovery from Chelsea Associates LLC, CohnReznick LLP, Marcum LLP, RECAP Chelsea Investment, LLC and Albanese Organization Inc. for use in legal proceedings in the Cayman Islands "captioned Lea Lilly Perry and Tamar Perry v. Lopag Trust Reg., Private Equity Services (Curacao) NV, Fiduciana Verwaltungsanstalt, Gal Greenspoon Perry, Yael Perry, Dan Greenspoon, Ron Greenspoon and Mia Greenspoon", filed at the U. S. District Court for the Southern District of New York. Editor's Note: The underlying case was filed under seal at the Grand Court of the Cayman Islands in September, 2017 as part of the Cayman Court's secretly-imposed mass-sealing policy - implemented by Chief Justice Anthony Smellie - that conceals from public view even the existence of many cases involving allegations of impropriety and insolvency against the jurisdiction's foreign-owned companies. More than two years later, the case is still completely sealed in Cayman, despite details being revealed in the U.S.

IIG Global Trade Finance Fund Ltd.: Chapter 15 Petition

January 17, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Alexander Lawson and Christopher Kennedy, of Alvarez and Marsal Cayman Islands Ltd., as the Foreign Representatives of IIG Global Trade Finance Fund Ltd. (in Official Liquidation), at the U. S. Bankruptcy Court for the Southern District of New York.

IIG Global Trade Finance Fund Ltd. v. TOF Cayman SPV: Winding Up Petition

January 10, 2020 - Winding Up Petition alleging a debt of $15.8 million in IIG Global Trade Finance Fund Ltd. Iin Official Liquidation) v. TOF Cayman SPV at the Grand Court of the Cayman Islands.

Fairfield Sentry Ltd. et al v. Citco Group Ltd. et al: First Amended Complaint

November 26, 2019 - First Amended Complaint in Fairfield Sentry Limited, Fairfield Sigma Limited, and Fairfield Lambda Limited, all in liquidation, all of the British Virgin Islands v. Citco Global Custody NV, of the Netherlands; Citco Global Custody (NA) NV, of Curaçao; CGC NA, of Curaçao; Citco Banking Corporation NV, of Curaçao; Citco Bank Nederland NV, of the Netherlands; Citco Bank Nederland NV Dublin Branch, of the Netherlands, and Citco Group Limited, of the Cayman Islands, at the U. S. Bankruptcy Court for the Southern District of New York.

US affiliate of Malta bank accused of massive fraud by SEC

November 21, 2019 - New York-based, Cayman Islands-administered investment adviser International Investment Group LLC, which is affiliated with Malta's IIG Bank, with both owned by a bankrupt fund in Curaçao, committed "a string of frauds to cover up tens of millions of dollars in losses", the SEC has alleged.

Girobank NV et al v. IIG Trade Opportunities Fund NV et al: Notice of Bankruptcy

October 11, 2019 - Letter notifying the Court that IIG Trade Opportunities Fund NV has been petitioned into bankruptcy in Curaçao by three Ireland investment funds in Girobank NV and Girobank International NV, both of Curaçao v. IIG Trade Opportunities Fund NV, of Curaçao; IIG Capital LLC, of New York, and The International Investment Group LLC, of New Jersey, at the Supreme Court of the State of New York, County of New York.

Curtis Dalton: Sanctions

July 29, 2019 - Findings and Sanctions by the U. S. Commodity Futures Trading Commission regarding Curtis Dalton, of Massachusetts, d.b.a. Binary International, a binary options trader who "did business pursuant to an agreement with a British Virgin Islands company located in Cyprus".

NN2 Newco Ltd.: Chapter 15 Petition

July 09, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England and Wales by Jane Moriarty, as the Foreign Representative of NN2 Newco Limited, an indirect subsidiary of Nyrstar N.V., of Belgium and Switzerland, at the U. S. Bankruptcy Court for the Southern District of New York.

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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.