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LATAM Airlines Group SA et al: Chapter 11 Petition

May 26, 2020 - Chapter 11 Petition by LATAM Airlines Group S.A., Lan Cargo S.A., Transporte Aéreo S.A., Inversiones Lan S.A., Lan Pax Group S.A., Fast Air Almacenes de Carga S.A., LATAM Travel Chile II S.A., Technical Training LATAM S.A., Lan Cargo Inversiones S.A., Holdco Colombia I SpA, Holdco Colombia II SpA, Línea Aérea Carguera de Colombia S.A., Aerovías de Integración Regional S.A., Holdco Ecuador S.A., LATAM Finance Ltd., Peuco Finance Ltd., LATAM Airlines Perú, Inversiones Aéreas S.A., Mas Investment Ltd., Lan Cargo Overseas Ltd., LATAM Airlines Ecuador S.A., Professional Airline Cargo Services, LLC, Cargo Handling Airport Services, LLC, Connecta Corporation, Prime Airport Services Inc., Maintenance Service Experts, LLC, Lan Cargo Repair Station LLC, Professional Airline Maintenance Services LLC, and Professional Airlines Services Inc., collectively described as "Latin America's leading airline group, with a history extending back ninety years, and boasting one of the largest route networks in the world", at the U. S. Bankruptcy Court for the Southern District of New York.

Avianca Holdings SA et al: Chapter 11 Petition

May 10, 2020 - Chapter 11 Petition by Avianca Holdings SA, Aero Transporte de Carga Unión, S.A. de C.V., Aeroinversiones de Honduras, S.A., Aerovías del Continente Americano S.A., Avianca Airlease Holdings One Ltd., America Central (Canada) Corp., America Central Corp., AV International Holdco S.A., AV International Holdings S.A., AV International Investments S.A., AV International Ventures S.A., AV Investments One Colombia S.A.S., AV Investments Two Colombia S.A.S., AV Taca International Holdco S.A., Avianca Costa Rica S.A., Avianca Holdings S.A., Avianca Leasing, LLC, Avianca, Inc., Avianca-Ecuador S.A., Aviaservicios, S.A., Aviateca, S.A., Avifreight Holding Mexico, S.A.P.I. de C.V., C.R. Int'l Enterprises, Inc., Grupo Taca Holdings Limited, International Trade Marks Agency Inc., Inversiones del Caribe, S.A., Isleña de Inversiones, S.A. de C.V., Latin Airways Corp., Latin Logistics, LLC, Nicaraguense de Aviación, Sociedad Anónima (Nica, S.A.), Regional Express Américas S.A.S., Ronair N.V., Servicio Terrestre, Aereo y Rampa S.A., Servicios Aeroportuarios Integrados SAI S.A.S., Taca de Honduras, S.A. de C.V., Taca de México, S.A., Taca International Airlines S.A., Taca S.A., Tampa Cargo S.A.S., Technical and Training Services, S.A. de C.V., collectively described as "the second-largest airline group in Latin America", filed at the U. S. Bankruptcy Court for the Southern District of New York.

USA v. Bank Hapoalim BM et al: Deferred Prosecution Agreement

April 30, 2020 - Deferred Prosecution Agreement regarding a scheme to launder the proceeds of bribery and corruption involving soccer's global governing body FIFA in USA v. Bank Hapoalim B.M., of Israel, and Hapoalim (Switzerland) Ltd., of Switzerland, at the U. S. District Court for the Southern District of New York.

GOWell Technology FZE v. SLN Solidos y Lodos Nacionales SA: Petition

April 27, 2020 - Petition alleging breach of contract in GOWell Technology FZE, of Dubai v. SLN Solidos y Lodos Nacionales SA, of Ecuador, at the District Court for Harris County, Texas.

Ecuador: Marcelo Espin Cunha et al

March 24, 2020 - Application for the appointment of a Commissioner to collect evidence from Wells Fargo Bank - pursuant to a request for judicial assistance from Ecuador - for a criminal investigation into Marcelo Antonio Espin Cunha, Maria Sol Larrea Sanchez, and Carlos Ricardo Espin Cunha for suspected money laundering.

USA v. Jack Warner et al: Third Superseding Indictment

March 18, 2020 - Third Superseding Indictment adding four new defendants, including former executives of 21st Century Fox, Inc., of the United States, and Imagina Media Audiovisual SL, of Spain, alleging racketeering, money laundering, wire fraud, tax fraud, and unlawful procurement of naturalization regarding alleged bribery and corruption involving FIFA and other soccer organizations in USA v. Hugo Jinkis, a citizen of Argentina; Mariano Jinkis, a citizen of Argentina; Full Play Group SA, of Uruguay; Hernan Lopez, a citizen of the U.S. and Argentina; Carlos Martinez, a citizen of the U.S. and Mexico; Gerard Romy, a citizen of Spain; Ariel Alvarado, a citizen of Panama; Manuel Burga, a citizen of Peru; Luis Chiriboga, a citizen of Ecuador; Marco Polo Del Nero, a citizen of Brazil; Eduardo Deluca, a citizen of Argentina; Eugenio Figueredo, a citizen of the U.S. and Uruguay; José Luís Meiszner, a citizen of Argentina; Romer Osuna, a citizen of Bolivia; Ricardo Teixeira, a citizen of Brazil; Reynaldo Vasquez, a citizen of El Salvador, and Jack Warner, a citizen of Trinidad and Tobago,  at the U. S. District Court for the Eastern District of New York.

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.

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.