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D. E. Shaw Composite Investments Asia 10 (Cayman) Ltd. v. Grand State Investments Ltd.: Winding Up Petition

January 12, 2021 - Winding Up Petition regarding an alleged debt of $71 million in D. E. Shaw Composite Investments Asia 10 (Cayman) Limited, of the Cayman Islands v. Grand State Investments Limited, described as a Cayman Islands company that is "involved in the operation of various schools and kindergartens in the People's Republic of China" at the Grand Court of the Cayman Islands.

Elissa Hess v. Alibaba Group Holdings Ltd. et al: Class Action Complaint

January 07, 2021 - Class Action Complaint alleging securities fraud in Elissa Hess, as Trustee for the EH Living Trust v. Alibaba Group Holding Limited, described as a Cayman Islands company, based in Hong Kong which is "the largest e-retailer in the world" and whose securities are listed on the New York Stock Exchange; Daniel Zhang, and Maggie Wu at the U. S. District Court for the Southern District of New York.

Adamas Asia Strategic Opportunity Fund Ltd. v. Mark Hibbs: Writ of Summons

January 04, 2021 - Writ of Summons in Adamas Asia Strategic Opportunity Fund Limited (in Official Liquidation) v. Mark Ashley Hibbs, of Hong Kong, at the Grand Court of the Cayman Islands.

Adamas Asia Strategic Opportunity Fund Ltd. v. Takeshi Kadota: Writ of Summons

January 04, 2021 - Writ of Summons in Adamas Asia Strategic Opportunity Fund Limited (in Official Liquidation) v. Takeshi Kadota, of Japan, at the Grand Court of the Cayman Islands.

Adamas Asia Strategic Opportunity Fund Ltd. v. Adamas Global Alternative Investment Management Inc.: Writ of Summons

January 04, 2021 - Writ of Summons in Adamas Asia Strategic Opportunity Fund Limited (in Official Liquidation) v. Adamas Global Alternative Investment Management Inc. at the Grand Court of the Cayman Islands.

Huifu Limited: Petition

January 04, 2021 - Petition seeking the Court's sanction for a Scheme of Arrangement in the matter of Huifu Limited, described as a Cayman Islands company based in China and Hong Kong that is "a leading independent third party payment service provider in the PRC", at the Grand Court of the Cayman Islands.

Evenstar Master Fund SPC et al v. Jing Cao Mo: Discovery Application

December 24, 2020 - Application by Evenstar Master Fund SPC and Evenstar Special Situations Limited, both of the Cayman Islands, to take discovery from Jing Cao Mo for use in legal proceedings in the Cayman Islands alleging "self-dealing" by her husband, Vincent Mo, filed at the U. S. District Court for the District of Nevada.

Freeman FinTech Corporation Ltd.: 'Scheme of Arrangement' Petition

December 16, 2020 - Petition for Scheme of Arrangement in the matter of Freeman FinTech Corporation Limited at the Grand Court of the Cayman Islands.

Toridoll Holdings Corporation v. Toridoll and Heyi Group Company Ltd.: Winding Up Petition

December 15, 2020 - Winding Up Petition in Toridoll Holdings Corporation, of Japan v. Toridoll and Heyi Group Company Limited, which "engages in the business of establishing, operating and managing a chain of stores and restaurants" in China, Hong Kong, and Singapore, at the Grand Court of the Cayman Islands.

Bank of Shanghai (Hong Kong) Ltd. v. KG Manhattan 126 Finance Ltd.: Liquidation Application

December 11, 2020 - Originating Application in Bank of Shanghai (Hong Kong) Limited v. KG Manhattan 126 Finance Limited at the British Virgin Islands High Court.

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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UAE 'gold supplier' SION Trading sued for '$5M fraud'
UAE-domiciled purported gold supplier SION Trading FZE, which has been implicated in several fraudulent schemes, including a cryptocurrency scam involving Bermuda-based Arbitrade, is being sued in Utah along with individuals and companies in or from Barbados, Canada, England, Panama, St. Lucia, and the USA for allegedly perpetrating a $5 million 'advance fee' scam.
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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.