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Susquehanna International Group Ltd. v. Hibernia Express (Ireland) Ltd.: Petition to Confirm Arbitration Award

January 11, 2021 - Petition to Confirm Arbitration Award in Susquehanna International Group Limited, described as "an Irish company based in Dublin, Ireland that engages in proprietary securities trading on the New York Stock Exchange and other markets around the world" v. Hibernia Express (Ireland) Limited, described as "an Irish company based in Ireland that provides high-speed low-latency cable transport services from Slough, UK to Secaucus, New Jersey via a transatlantic cable", at the U. S. District Court for the Southern District of New York.

Neoma Manager (Mauritius) Ltd. v. Neoma Global Growth Markets Fund (B) LP et al: Writ of Summons

January 05, 2021 - Writ of Summons in Neoma Manager (Mauritius) Limited, as the Manager of Neoma Private Equity Fund IV LP v. Neoma Global Growth Markets Fund (B) LP, Bicorp S.A.L., of Lebanon; Crown Global Secondaries III Plc, of Ireland; Falcon Flight LLC, of New York, NY; Raghida Ghandour, of Dubai, and The Public Institution for Social Security, of Kuwait, at the Grand Court of the Cayman Islands.

Cyril Fulton: Chapter 15 Petition

December 07, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Northern Ireland by John Young, of BDO Lindsay House, as the Foreign Representative of Cyril E. Fulton, at the U. S. Bankruptcy Court for the Middle District of Florida.

UK Gov't applies to wind up 3 firms operated by fraudsters

November 04, 2020 - Winding up petitions have been filed against British firms Rationale Asset Management, Value Asset Management, and Merydion Corporation, which are operated by members of a gang of British and Irish serial investment fraudsters who have been previously exposed by OffshoreAlert.

Adare Finance DAC v. Yellowstone Capital Management SA et al: Judgment

October 19, 2020 - Summary Judgment in favor of Adare Finance DAC regarding a claim for $10.5 million in Adare Finance DAC, of  Ireland v. Yellowstone Capital Management SA, of Luxembourg, and Michael Ohayon, of France, at the High Court of Justice, in London, England.

Big Time Holdings Inc.: Securities Registration Revocation

October 19, 2020 - Administrative Order by the U. S. Securities and Exchange Commission revoking the registration of securities issued by Big Time Holdings, Inc., described as a "forfeited Delaware corporation located in Douglas, Isle of Man". Editor's Note: In a filing with the SEC on October 29th, 2018, Big Time Holdings Inc. identified its CEO and sole director as David Smeed, its former directors and officers as Thomas DeNunzio, Brian Kistler, and Mandla Gwadiso, and its principal shareholders as Ascot Group Plc, of the Isle of Man, and Palewater Global Management, Inc., of New York, NY. Records filed with the Isle of Man's Companies Registry show that the directors of Ascot Group Plc are David Gordon Smeed, of Dublin, Ireland, and Lee John Bernard Murphy, of the Isle of Man.

Credit Opportunity Fund v. Swissport Financial Sàrl et al: Amended Complaint

October 14, 2020 - Amended Complaint in Credit Opportunity Fund, described as "a sub-fund of Northlight QIAIF PLC", of Ireland v. Swissport Financing Sàrl, of Luxembourg; Swissport Holding International Sàrl, of Luxembourg; Vikram Jindal, of New York; Alan Jeffrey Carr, of New York; Duan Wang, of New York, and Barclays Bank Plc, of England, at the Supreme Court of the State of New York, County of New York.

Mallinckrodt Plc et al: Chapter 11 Petition

October 12, 2020 - Chapter 11 Petition by Mallinckrodt Plc,Acthar IP Unlimited Company, IMC Exploration Company, INO Therapeutics LLC, Infacare Pharmaceutical Corporation, Ludlow LLC, MAK LLC, MCCH LLC, MEH, Inc., MHP Finance LLC, MKG Medical UK Ltd, MNK 2011 LLC, MUSHI UK Holdings Limited, Mallinckrodt APAP LLC, Mallinckrodt ARD Finance LLC, Mallinckrodt ARD Holdings Inc., Mallinckrodt ARD Holdings Limited, Mallinckrodt ARD IP Unlimited Company, Mallinckrodt ARD LLC, Mallinckrodt Brand Pharmaceuticals LLC, Mallinckrodt Buckingham Unlimited Company, Mallinckrodt CB LLC, Mallinckrodt Canada ULC, Mallinckrodt Critical Care Finance LLC, Mallinckrodt Enterprises Holdings, Inc., Mallinckrodt Enterprises LLC, Mallinckrodt Enterprises UK Limited, Mallinckrodt Equinox Finance LLC, Mallinckrodt Group S.a.r.l., Mallinckrodt Holdings GmbH, Mallinckrodt Hospital Products IP Unlimited Company, Mallinckrodt Hospital Products Inc., Mallinckrodt IP Unlimited Company, Mallinckrodt International Finance SA, Mallinckrodt International Holdings S.a.r.l., Mallinckrodt LLC, Mallinckrodt Lux IP S.a.r.l., Mallinckrodt Manufacturing LLC, Mallinckrodt Pharma IP Trading Unlimited Company, Mallinckrodt Pharmaceuticals Ireland Limited, Mallinckrodt Pharmaceuticals Limited, Mallinckrodt Quincy S.a r.l., Mallinckrodt UK Finance LLP, Mallinckrodt UK Ltd, Mallinckrodt US Holdings LLC, Mallinckrodt US Pool LLC, Mallinckrodt Veterinary, Inc., Mallinckrodt Windor S.a.r.l., Mallinckrodt Windsor Ireland Finance Unlimited Company, Ocera Therapeutics, Inc., Petten Holdings Inc., ST Operations LLC, ST Shared Services LLC, ST US Holdings LLC, ST US Pool LLC, SpecGx Holdings LLC, SpecGx LLC, Stratatech Corporation, Sucampo Holdings Inc., Sucampo Pharma Americas LLC, Sucampo Pharmaceuticals, Inc., Therakos, Inc., Vtesse LLC, and WebsterGx Holdco LLC at the U. S. Bankruptcy Court for the District of Delaware.

Public Private Real Estate Fund SICAV Plc: License Revocation

October 06, 2020 - Public Announcement by the Malta Financial Services Authority that it has cancelled the Collective Investment Scheme License of Public Private Real Estate Fund SICAV Plc for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Public Private Real Estate Fund SICAV Plc was incorporated on June 1st, 2007, its directors are Paolo Bruckner, a citizen of Switzerland; Jonathan de Giovanni, a citizen of Malta, and Charles Ingham, a citizen of the United Kingdom, and its shareholders are Novium AG, of Switzerland and Paolo Bruckner, while previous directors include Anthony O'Driscoll, a citizen of Ireland who resigned effective December 14th, 2016, and Mark Meyer, a resident of Switzerland who resigned effective October 30th, 2015. The Swiss Commercial Register showed that the sole director of Novium AG (in Liquidation) is Paolo Brückner, whose nationality is listed as Italian, while previous directors include Marc Stefan Dätwyler, Raul Cortes Moreno, Michael Cohen, of Switzerland; Markus Meyer, Michele Mugnai, and Werner Mathys.

HealthCor Offshore Master Fund LP v. Mallinckrodt Plc et al: Complaint

October 05, 2020 - Complaint alleging fraud in HealthCor Offshore Master Fund LP, a Cayman Islands entity based in New York; HealthCor Sanatate Offshore Master Fund LP, a Cayman Islands entity based in New York; Blackstone Alternative Multi-Strategy Fund, of Massachusetts, and Blackstone Alternative Investment Fund Plc, of Ireland v. Mallinckrodt Plc, described as an Irish company based in England; Mark Trudeau, and Matthew K. Harbaugh at the U. S. District Court for the District of Columbia.

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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British 'crypto-friendly' travel booking firm Travala facing strike-off
UPDATED: Shortly after OffshoreAlert reported that British 'blockchain-based, cryptocurrency-friendly' online travel booking start-up Travala, which has raised over £2 million from investors and is now owned by a Cayman Islands firm, was facing compulsory strike off for failure to file its accounts, the firm filed unaudited "Micro-entity Accounts" with Companies House that contained scant details.
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.