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InterTrader Ltd.: Fine

December 11, 2020 - Public  Statement by the Guernsey Financial Services Commission that InterTrader Limited, of Gibraltar, "has agreed to pay a financial penalty" of an undisclosed amount to settle a regulatory investigation.

Insignia 88 Ltd. et al v. M/Y Arena: Complaint

November 14, 2020 - Complaint for damages of £4.8 million alleging negligence from an "allision" in the Bay of Cannes, France, that resulted in "death and injuries" to "crew and guests" of a motor yacht called Minx in Insignia 88 Limited, of the Isle of Man, and American International Group UK Limited, of the United Kingdom v. M/Y Arena, described as a 92-foot motor yacht registered in Gibraltar, at the U. S. District Court for the Southern District of Florida.

Pacific Drilling LLC et al: Chapter 11 Petition

October 30, 2020 - Chapter 11 Petition by Pacific Drilling LLC, Pacific Drilling Operations Inc., Pacific Drilling Inc., and Pacific Drilling Company Limited, all of Houston, Texas; Pacific Drilling SA, Pacific Drilling Finance S.À.R.L., Pacific Sharav S.À.R.L., and Pacific Drillship S.À.R.L., all of Luxembourg; Pacific Drilling Limited, Pacific Scirocco Ltd., Pacific Mistral Ltd., and Pacific Bora Ltd., all of Liberia; Pacific Drilling Operations Limited, Pacific Drilling V Limited, Pacific Drilling VII Limited, Pacific Drillship Nigeria Limited, and Pacific Santa Ana Limited, all of the British Virgin Islands; Pacific Sharav Korlátolt Felelosségu Társaság, of Hungary, and Pacific Drilling Holding (Gibraltar) Limited, of Gibraltar, at the U. S. Bankruptcy Court for the Southern District of Texas.

Ronald Popely et al v. Kristina Phelan et al: Judgment

October 16, 2020 - Judgment in Ronald Popely and Paul Gould v. Kristina Phelan, described as a lawyer in Gibraltar; Edward John Barnard, and Duane Daniel, of Saint Vincent and the Grenadines, at Supreme Court of Gibraltar.

Valaris Plc et al: Chapter 11 Petition

August 19, 2020 - Chapter 11 Petition by companies in Australia, Bermuda, Brazil, British Virgin Islands, Cayman Islands, England, France, Gibraltar, Hong Kong, Marshall Islands, Mexico, Singapore, Spain, Switzerland, Thailand, and the United States, namely Valaris Plc, described as "a leading provider of offshore contract drilling services to the international oil and gas industry"; Alpha Achiever Company, Alpha Admiral Company, Alpha Archer Company, Alpha Offshore Drilling Services Company, Alpha Orca Company, Atlantic Maritime Services LLC, Atwood Australian Waters Drilling Pty Ltd., Atwood Deep Seas Ltd., Atwood Oceanics Australia Pty. Limited, Atwood Oceanics LLC, Atwood Oceanics Pacific Limited, Atwood Offshore Drilling Limited, Atwood Offshore Worldwide Limited, ENSCO (Thailand) Limited, ENSCO Asia Pacific Pte. Limited, ENSCO Associates Company, ENSCO Australia Pty. Limited, ENSCO Capital Limited, ENSCO Corporate Resources LLC, ENSCO Development Limited, ENSCO do Brasil Petróleo e Gás Ltda., ENSCO Drilling I Ltd., ENSCO Drilling Mexico LLC, ENSCO Endeavors Limited, ENSCO Global GmbH, ENSCO Global Investments LP, ENSCO Global IV Ltd., ENSCO Global Resources Limited, ENSCO Holding Company, ENSCO Holdings I Ltd., ENSCO Holland BV, ENSCO Incorporated, ENSCO Intercontinental GmbH, ENSCO International Incorporated, ENSCO International Ltd., ENSCO Investments LLC, ENSCO Jersey Finance Limited, ENSCO Limited, ENSCO Management Corp., ENSCO Maritime Limited, ENSCO Mexico Services, S. de RL de CV, ENSCO Ocean 2 Company, ENSCO Oceanics Company LLC, ENSCO Oceanics International Company, ENSCO Offshore Company, ENSCO Offshore International Company, ENSCO Offshore International Holdings Limited, ENSCO Offshore International Inc., ENSCO Offshore U.K. Limited, ENSCO Overseas Limited, ENSCO Transcontinental II LP, ENSCO Transnational I Ltd., ENSCO UK Drilling Limited, ENSCO United Incorporated, ENSCO Universal Limited, ENSCO Vistas Limited, ENSCO Worldwide GmbH, Great White Shark Limited, Green Turtle Limited, Offshore Drilling Services LLC, Pride Foramer SAS, Pride Forasol SAS, Pride Global II Ltd., Pride International LLC, Pride International Management Company LP, Ralph Coffman Limited, Ralph Coffman Luxembourg SA RL, RCI International Inc., RD International Services Pte. Ltd., RDC Arabia Drilling Inc., RDC Holdings Luxembourg SA RL, Rocal Cayman Limited, Rowan Companies Limited, Rowan Companies LLC, Rowan Drilling (Trinidad) Limited, Rowan Drilling (U.K.) Limited, Rowan Drilling, S. de RL de CV; Rowan International Rig Holdings Sarl, Rowan Marine Services LLC, Rowan N-Class (Gibraltar) Limited, Rowan No. 1 Limited, Rowan Norway Limited, Rowan Offshore (Gibraltar) Limited, Rowan Offshore Luxembourg Sarl, Rowan Rex Limited, Rowan Rigs Sarl, Rowan Services LLC, Rowan, S. de RL de CV, and Rowandrill LLC, at the U. S. Bankruptcy Court for the Southern District of Texas.

STM Fidecs: Regulatory Settlement Agreement

August 06, 2020 - Statement by the Gibraltar Financial Services Commission regarding a "Regulatory Settlement Agreement" with STM Fidecs.

Blockchain Optimization SA et al v. LFE Market Ltd.: Approved Judgment

July 28, 2020 - Approved Judgment continuing a Worldwide Freezing Injunction in a case regarding allegations of fraud involving "a start-up project to set up a cryptocurrency platform called the 'London Football Exchange'"in Blockchain Optimization SA, of Switzerland, and Petrochemical Logistics Ltd., of Gibraltar v. LFE Market Ltd., of Wales; LFE Group Holdings Limited, of England; James Aylward, a.k.a. Jim Aylward, of Wales; Benjamin Leigh Hunt, White Tiger Global Opportunities Fund SP, of the Cayman Islands, and White Tiger Asset Management Ltd., of the Cayman Islands, at the High Court of Justice of England and Wales.

Intelsat SA et al: Chapter 11 Petition

May 14, 2020 - Chapter 11 Petition by Intelsat SA, of Luxembourg; Intelsat Virginia Holdings LLC, of Virginia; Intelsat Connect Finance SA, of Luxembourg; Intelsat (Luxembourg) SA, of Luxembourg; Intelsat Envision Holdings LLC, of Luxembourg; Intelsat US LLC, of Virginia; Intelsat Investment Holdings Sarl, of Luxembourg; Intelsat Holdings SA, of Luxembourg; Intelsat Investments SA, of Luxembourg; Intelsat UK Financial Services Ltd., of England; Intel Jackson Holdings SA, of Luxembourg; Intelsat Align Sarl, of Luxembourg; Intelsat License Holdings LLC, of Luxembourg; Intelsat Subsidiary (Gibraltar) Limited, of Gibraltar; Intelsat Holdings LLC, of Luxembourg; Intelsat Finance Bermuda Ltd., of Bermuda; Intelsat Satellite LLC, of Luxembourg; Intelsat License LLC, of Luxembourg; Intelsat Ventures Sarl, of Luxembourg; Intelsat Global Sales & Marketing Ltd., of England; Intelsat International Systems, LLC, of Virginia; PanAmSat International Holdings, LLC, of Virginia; Intelsat International Employment LLC, of Virginia; PanAmSat Europe Corporation, of Virginia; Intelsat Genesis GP LLC, of Virginia; Intelsat Service and Equipment LLC, of Virginia; Southern Satellite LLC, of Virginia; Southern Satellite Licensee LLC, of Virginia; PanAmSat International Sales, LLC, of Virginia; Intelsat Genesis Inc., of Virginia; Intelsat Alliance LP, of Virginia; Intelsat US Finance LLC, of Virginia; PanAmSat India LLC, of Virginia; PanAmSat India Marketing LLC, of Virginia, and Intelsat Asia Carrier Services, LLC, of Virginia, at the U. S. Bankruptcy Court for the Eastern District of Virginia.

Raphael Marrache v. Haslaha Ltd. et al: Judgment

May 05, 2020 - Judgment in Raphael Marrache v. Haslaha Limited, Edgar Lavarello and Adrian Hyde, as Joint Liquidators of Marrache & Co.; and Edgar Lavarello, as Official Trustee of the Estates of Isaac Marrache, Benjamin Marrache, and Solomon Marrache at the Supreme Court of Gibraltar.

Kazakhstan v. King & Spalding LLP: Discovery Application

March 19, 2020 - Application by the Republic of Kazakhstan to take discovery from King & Spalding LLP for use in criminal proceedings in Kazakhstan regarding suspected fraud, tax evasion, and money laundering involving Anatolie Stati and Gabriel Stati and "their group of affiliated companies which they have owned or controlled", including Ascom Group SA, of Moldova; Terra Raf Trans Traiding Ltd., of Gibraltar, and Hayden Intervest Limited, of the British Virgin Islands, filed at the U. S. District Court for the Southern District of New York.

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.