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Bagir Group Ltd.: Chapter 15 Petition

April 26, 2021 - Petition for Recognition of a Foreign Main Proceeding in Israel by Ilan Shavit-Stricks, as the Foreign Representative of Bagir Group Limited, described as am Israeli apparent company that "had interests in five companies in foreign countries - Egypt, Ethiopia, the United States, England and the British Virgin Islands as well as a representative regional office in Vietnam" and whose shares are listed "on the Alternative Investment Market, a sub-market of the London Stock Exchange", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Kuwait Ports Authority et al v. Port Link GP Ltd. et al: Amended Writ of Summons

February 12, 2021 - Amended Writ of Summons and Statement of Claim for damages "well in excess of USD 100 million" alleging "deliberate, serial and systematic unlawful conduct" that a loss of "well in excess of USD 100 million" in Kuwait Ports Authority and The Public Institution for Social Security, both of Kuwait v. Port Link GP Ltd., of the Cayman Islands; Mark Eric Williams, described as a citizen of the United States residing in Georgia; Wellspring Capital Group Inc., of Georgia, USA, and KGL Investment Company Asia, of the Cayman Islands, at the Grand Court of the Cayman Islands.

Mustafa Abdel Wadood: Industry Ban

December 22, 2020 - Administrative Order by the U. S. Securities and Exchange Commission imposing an industry ban on Mustafa Abdel Wadood, described as a citizen of Egypt, for "the misappropriation of fund assets from one private equity fund client of the Abraaj Group and an offering fraud against investors in another Abraaj fund".

Spinneys Holdings Ltd.: 'Court Supervision' Petition

December 09, 2020 - Petition for Court Supervision of a Voluntary Liquidation in the matter of Spinneys Holdings Limited (in Voluntary Liquidation), "was to act as an investment vehicle for the ABRAAJ private equity group in respect of its investment in an Egyptian supermarket chain, Spinneys Egypt", at the Grand Court of the Cayman Islands.

Unión Fenosa Gas S.A. v. Egypt et al: Complaint

November 02, 2020 - Complaint "to invalidate, at least as to UFG, Egypt's fraudulent agreement purporting to transfer funds into a trust, with BNY Mellon serving as the purported trustee, for the sole purpose of shielding those funds from attachment by UFG, which holds a judgment against Egypt for over US$ 2 billion" in Unión Fenosa Gas S.A., of Spain v. Arab Republic of Egypt, The Bank of New York Mellon Corporation, and The Bank of New York Mellon SA/NV, Luxembourg Branch at the U. S. District Court for the Southern District of New York.

Kuwait Ports Authority et al v. Port Link GP Ltd: Writ of Summons

October 14, 2020 - Writ of Summons and Statement of Claim alleging "deliberate, serial and systematic unlawful conduct" that a loss of "well in excess of USD 100 million" in Kuwait Ports Authority and The Public Institution for Social Security, both of Kuwait v. Port Link GP Ltd., of the Cayman Islands, at the Grand Court of the Cayman Islands.

United Paints and Chemicals Co. SAE v. BVI Registrar of Corporate Affairs: Restoration Application

July 07, 2020 - Fixed Date Claim Form in United Paints and Chemicals Co. S.A.E. v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Gaston Capital: Restoration Application

May 07, 2020 - Originating Application in the matter of Gaston Capital at the Grand Court of the Cayman Islands.

Bareeq Capital v. Adenium Energy Capital Ltd.: Winding Up Petition

April 08, 2020 - Winding Up Petition in Bareeq Capital, of Egypt v. Adenium Energy Capital Ltd. at the Grand Court of the Cayman Islands.

Unión Fenosa Gas SA v. The Depository Trust Company: Discovery Application

April 08, 2020 - Application by Unión Fenosa Gas SA, of Spain, to take discovery from The Depository Trust Company, of New York, for use in legal proceedings in England "through which UFG seeks to enforce" a $2 billion arbitral award against Egypt regarding its sovereign bonds, filed at the U. S. District 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.