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Aleksej Gubarev et al v. Orbis Business Intelligence Ltd. et al: Approved Judgment (2020)

July 31, 2020 - Approved Judgment regarding alleged misconduct involving "the solicitors acting for the claimants, McDermott Will and Emery LLP and Ms Ziva Robertson, a partner in that firm" in Aleksej Gubarev and Webzilla Limited v. Orbis Business Intelligence Limited and Christopher Steele at the High Court, in London.

Ewe Gasspeicher GmbH v. Halliburton Company: Discovery Application

July 30, 2020 - Application by Ewe Gasspeicher GmbH, of Germany, to take discovery from Halliburton Company for use in legal proceedings in Germany against Halliburton Company Germany GmbH regarding the alleged "manufacture and delivery to Ewe of defective components used in underground gas storage facilities", filed at the U. S. District Court for the District of Delaware.

InvestBank PSC v. Citibank et al: Discovery Application

July 24, 2020 - Application by InvestBank PSC to take discovery from Citibank N.A., Deutsche Bank Trust Co. Americas, Standard Chartered Bank,  The Bank of New York Mellon, JPMorgan Chase Bank, N.A., Barclays Bank PLC, Wells Fargo Bank, N.A., Bank of America, N.A., HSBC Bank USA, N.A., Société Générale, BNP Paribas USA, The Bank of Nova Scotia, UBS AG, Commerzbank AG, Bank of China, New York Branch, and The Clearing House Payments Company LLC for use in "contemplated proceedings" in Dubai "against Greenline Interiors FZCO, Greenline Yacht Interiors FZCO, Samir Michael Badro, Nabila Iskandar Samir Abboud Badro, Lea Samir Badro Hamadeh, Roy Samir Badro, and Fay Badro Zakhem" involving, inter alia, companies in Bahrain, British Virgin Islands, Dubai, Germany, Lebanon, Qatar, Saudi Arabia, Syria, United Kingdom, and the USA, filed at the U. S. District Court for the Southern District of New York.

City of Grand Rapids General Retirement System et al v. Bayer AG et al: Class Action Complaint

July 15, 2020 - Class Action Complaint alleging securities fraud in City of Grand Rapids General Retirement System and City of Grand Rapids Police & Fire Retirement System v. Bayer Aktiengesellschaft, of Germany; Werner Baumann, Liam Condon, Johannes Dietsch, and Wolfgang Nickl at the U. S. District Court for the Northern District of California.

Ali Karimi v. Deutsche Bank et al: Class Action Complaint

July 15, 2020 - Class Action Complaint alleging "the Bank failed to properly monitor customers that the Bank itself deemed to be high risk, including, among others, the convicted sex offender Jeffrey Epstein and two correspondent banks, Danske Estonia and FBME Bank, which were both the subjects of prior scandals involving financial misconduct" in Ali Karimi v. Deutsche Bank AG, of Germany; John Cryan, Christian Sewing, and James von Moltke at the U. S. District Court for the District of New Jersey.

Adrian Guenter Lenz: Chapter 15 Petition

July 07, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Germany by Jens Lieser, as the Foreign Representative of Adrian Guenter Lenz, the latter of whom is facing "ongoing criminal proceedings for fraud against, inter alia, Deutsche Post AG, on a repetitive basis, as well as tax evasion", at the U. S. Bankruptcy Court for the Middle District of Florida.

Carol Brown v. Wirecard AG et al: Class Action Complaint

July 07, 2020 - Class Action Complaint alleging securities fraud in Carol A. Brown v. Wirecard AG, of Germany; Markus Braun, Jan Marsalek, Burkhard Ley, Alexander von Knoop, Susanne Steidl, Wulf Matthias, and Ernst & Young GmbH Wirtschaftspruefungsgesellschaft at the U. S. District Court for the Eastern District of Pennsylvania.

Deutsche Bank AG et al: $150M Fine

July 06, 2020 - Consent Order regarding "the Bank's relationship with Jeffrey Epstein" in New York Department of Financial Services v. Deutsche Bank AG, of Germany; Deutsche Bank AG, New York Branch, and Deutsche Bank Trust Company of the Americas.

Ruslan Assimov v. Andritz Hydro Corp. et al: Discovery Application

June 18, 2020 - Application by Ruslan Assimov, a citizen of Kazakhstan, to take discovery from Andritz Hydro Corp. and Andritz (USA) Inc. for use in "reasonably contemplated civil proceedings in Germany and/or Austria", filed at the U. S. District Court for the Northern District of Georgia.

Walter Hans-Uwe Gebhardt: Final Ruling

June 15, 2020 - Final Ruling by the Swiss Financial Market Supervisory Authority regarding Walter Hans-Uwe Gebhardt, a citizen of Germany.

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.