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

KUWAIT

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Global Asset Allocation Fund: Restoration Application

June 03, 2021 - Originating Application by The Public Institution for Social Security, of Kuwait, in the matter of Global Asset Allocation Fund at the Grand Court of the Cayman Islands.

Stream TV Networks Inc.: Chapter 11 Petition

February 25, 2021 - Chapter 11 Petition by Stream TV Networks Inc., which "was founded in 2009 as a "new media" company to pursue new technologies that enhance user entertainment and communications experiences", at the U. S. Bankruptcy Court for the District of Delaware. Creditors include those from Bermuda, Dubai, England, France, Germany, Guernsey, India, Ireland, Jersey, in the Channel Islands; Italy, Kuwait, Liechtenstein, Switzerland, and Taiwan.

Kuwait Ports Authority et al v. Port Link GP Ltd. et al: Amended Writ of Summons

February 12, 2021 - Amended Writ of Summons and Statement of Claim for damages "well in excess of USD 100 million" alleging "deliberate, serial and systematic unlawful conduct" that a loss of "well in excess of USD 100 million" in Kuwait Ports Authority and The Public Institution for Social Security, both of Kuwait v. Port Link GP Ltd., of the Cayman Islands; Mark Eric Williams, described as a citizen of the United States residing in Georgia; Wellspring Capital Group Inc., of Georgia, USA, and KGL Investment Company Asia, of the Cayman Islands, at the Grand Court of the Cayman Islands.

Omar Alghanim v. Milbank LLP: Discovery Application

February 01, 2021 - Application by Omar Alghanim, described as "a Kuwaiti businessperson", to take discovery from Milbank LLP, described as "a major law firm in Manhattan", for use in "litigation in a Kuwaiti court with his father, Kutayba Alghanim, also a Kuwaiti businessperson", filed 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.

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.

Kuwait Ports Authority et al v. Port Link GP Ltd: Writ of Summons

October 14, 2020 - Writ of Summons and Statement of Claim alleging "deliberate, serial and systematic unlawful conduct" that a loss of "well in excess of USD 100 million" in Kuwait Ports Authority and The Public Institution for Social Security, both of Kuwait v. Port Link GP Ltd., of the Cayman Islands, at the Grand Court of the Cayman Islands.

Recovery Services Ltd. v. Thunayan Al Ghanim: Claim Form

October 08, 2020 - Claim form in Recovery Services Ltd. v. Thunayan Al Ghanim, at the British Virgin Islands.

USA v. $2.4M Associated With 'North Korea Money Laundering Scheme': Forfeiture Complaint

July 23, 2020 - Forfeiture Complaint regarding "an investigation by the Federal Bureau of Investigation of a scheme by North Korean banks sanctioned by the U.S. Department of the Treasury to launder U.S. dollars through the United States on behalf of sanctioned entities in the Democratic People's Republic of Korea" in USA v. $2.4 million of funds associated with three companies, filed 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.

View Recent Digests

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.