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Motransa SA v. Navistar, Inc.: Discovery Application

December 06, 2019 - Application by Motransa SA to take discovery from Navistar, Inc. for use in "contemplated" legal proceedings in Ecuador against Austral Cia. Ltda., filed at the U. S. District Court for the Southern District of Florida.

LAM Global Management Ltd. I v. IIG Structured Trade Finance Fund Ltd.: Winding Up Petition

December 04, 2019 - Winding Up Petition in LAM Global Management Ltd. I v. IIG Structured Trade Finance Fund Ltd. at the Grand Court of the Cayman Islands.

Roberto Doumet Eljuri v. BVI Registrar of Corporate Affairs: Restoration Application

November 12, 2019 - Fixed Date Claim Form regarding Savile Holdings Inc. in Roberto Load Doumet Eljuri, of Ecuador v. Registrar of Corporate Affairs at the British Virgin Islands High Court.

Perenco Ecuador Ltd. v. Republic of Ecuador: Petition to Enforce Arbitral Award

October 01, 2019 - Petition to Enforce Arbitral Award in the amount of $411 million in Perenco Ecuador Ltd., of the Bahamas v. The Republic of Ecuador at the U. S. District Court for the District of Columbia.

Amicorp BVI sued over alleged $20M investment fraud by clients

September 25, 2019 - British Virgin Islands-based corporate services provider Amicorp is being sued in the United States for damages of up to $20 million arising from a suspected fraud against residents of Ecuador who invested in a scheme by the 'Vanguardia Group' that involved individuals and legal entities in the Bahamas, Bermuda, BVI, Cayman Islands, and USA.

Insight Securities Inc. v. Amicorp (BVI) Trustees Ltd.: Complaint

September 24, 2019 - Complaint alleging negligence and fraud regarding the Vanguardia Trust and the SBH Assets Trust, both of the Cayman Islands, in Insight Securities Inc., of Delaware v. Amicorp (BVI) Trustees Ltd., of the British Virgin Islands, at the U. S. District Court for the Northern District of Illinois.

Empresa Pública de Hidrocarburos del Ecuador v. WorleyParsons International Inc.: Discovery Application

August 26, 2019 - Ex Parte Application by Empresa Pública de Hidrocarburos del Ecuador - EP PetroEcuador to take discovery from WorleyParsons International Inc. for use in legal proceedings in Ecuador "related to a complex, cross-border illegal bribery and corruption scheme perpetrated against Petroecuador" using "a complex web of offshore shell entities" and accounts, including those in the Bahamas, British Virgin Islands, Cayman Islands, Panama, and Switzerland, filed at the U. S. District Court for the Southern District of Texas.

Scandal-plagued Odebrecht Group applies for Chapter 15 recognition in New York

August 26, 2019 - Companies in the Bahamas, Cayman Islands and Brazil that belong to the insolvent conglomerate Odebrecht Group at the heart of a Brazilian bribery scandal have applied for Chapter 15 recognition at federal bankruptcy court in New York.

Non-UCITS Fund Aktia Trade Finance v. IIG Global Trade Finance Fund Ltd.: Winding Up Petition

August 22, 2019 - Winding Up Petition in Non-UCITS Fund Aktia Trade Finance, of Finland v. IIG Global Trade Finance Fund Limited, of the Cayman Islands, at the Grand Court of the Cayman Islands.

Maria Rigail Pons v. UBS AG et al: Discovery Application

August 02, 2019 - Application by Maria Fernanda Rigail Pons to take discovery from UBS Financial Services Inc., UBS AG, CA Indosuez Wealth, Amke Registered Agents LLC, and Philippe Larmier regarding individuals and legal entities in several jurisdictions, including the British Virgin Islands, Isle of Man, Nevis, and the United States, for use in legal proceedings in Ecuador against Carlos Alberto Avellán Areta, filed at the U. S. District Court for the Southern District of Florida.

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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EXPOSED: Symtomax Group's fraudulent €12M Bond Offering
A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.
LATEST ARTICLES & DOCUMENTS  
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.