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Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

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Freeman Financial Corporation: Restoration Application

June 17, 2021 - Originating Application in the matter of Freeman Financial Investment Corporation at the Grand Court of the Cayman Islands.

Chase Williams et al v. Block.one et al: Motion to Approve $27.5M Settlement

June 11, 2021 - Motion to Approve $27.5 Million Class Action Settlement regarding the alleged sale of cryptocurrency tokens that were not registered with the U. S. Securities and Exchange Commission in Chase Williams, William Zhang, Crypto Assets Opportunity Fund LLC, and Johnny Hong v. Block.one, of the Cayman Islands; Brendan Blumer, Daniel Larimer, Ian Grigg, and Brock Pierce at the U. S. District Court for the Southern District of New York. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Block.one are Andrew Christopher Bliss, Brendan Francis Blumer, and Kokuei Yuan.

Alex Garnett v. RLX Technology Inc. et al: Class Action Complaint

June 09, 2021 - Class Action Complaint in Alex Garnett v. RLX Technology Inc., which "manufactures and sells vaping products in China" and and whose securities are listed on the New York Stock Exchange; Ying Kate Wang, Long David Jiang, Yilong Wen, Yueduo Rachel Zhang, Colleen A. DeVries, Cogency Global Inc., Citigroup Global Markets Inc., and China Renaissance Securities (Hong Kong) Limited, based in China, at the U. S. District Court for the Southern District of New York.

KG Manhattan 126 Finance Ltd.: Chapter 15 Petition

June 07, 2021 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Philip Smith, of the British Virgin Islands, and Cosimo Borelli, of Hong Kong, as the Foreign Representatives of KG Manhattan 126 Finance Limited, which has "failed to repay a secured US$85,000,000 loan given by Bank of Shanghai (Hong Kong) Limited and China Minsheng Bank Corporation Ltd., HK Branch" and was involved in "suspicious transactions", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Ogier v. SPI Energy Co. Ltd.: Complaint

June 03, 2021 - Complaint in Ogier, a Hong Kong law firm v. SPI Energy Co. Ltd., described as a Cayman Islands-domiciled, Hong Kong-based "renewable energy" company whose shares are listed on NASDAQ, at the Summary Court of the Cayman Islands.

Gold Chaser Holding Ltd. v. Seaon Global LLC et al: Complaint

June 01, 2021 - Complaint in Gold Chaser Holding Limited, a Cayman Islands company based in Hong Kong v. Seaon Global LLC and Seaon LLC, both of Delaware, at the U. S. District Court for the District of Delaware.

Leo Middle East FZE et al v. EWI Capital LLC et al: Complaint

May 26, 2021 - Complaint alleging investment fraud in Leo Middle East FZE, of the United Arab Emirates, and Leo Holdings Hong Kong Limited, of Hong Kong v. EWI Capital LLC, of Delaware, and Zhe Zhang, described as a resident of San Mateo County, California, USA, at the U. S. District Court for the Northern District of California.

Kwok Hiu Kwan v. Convoy Global Holdings Ltd.: Originating Summons

May 24, 2021 - Originating Application Kwok Hiu Kwan, of Hong Kong v. Convoy Global Holdings Limited at the Grand Court of the Cayman Islands.

Global Strategic Group Ltd.: 'Share Reduction' Petition

May 24, 2021 - Petition to reduce the share capital in the matter of Global Strategic Group Limited at the Grand Court of the Cayman Islands.

Asia Private Credit Fund v. Kiang Tien Sik David: Writ of Summons

May 19, 2021 - Writ of Summons in Asia Private Credit Fund Limited (in Official Liquidation) v. Kiang Tien Sik David, of Hong Kong, at the Grand Court of the Cayman Islands.

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.