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Wilton Trustees (IoM) Ltd. et al v. AFS Trustee Ltd. et al: Judgment

February 24, 2020 - Judgment regarding an application for summary judgment in Wilton Trustees (IoM) Limited and Fiduciana Verwaltungsanstalt, as Trustees of the Erica Settlement v. AFS Trustee Ltd. at the British Virgin Islands High Court.

PES Holdings LLC et al v. Allianz Global Risks US Insurance Co. et al: Complaint

February 12, 2020 - Complaint to recover insurance "arising out of a catastrophic incident" whose losses "will likely exceed" $1.25 billion in PES Holdings LLC, North Yard GP, LLC, North Yard Logistics LP, PES Administrative Services, LLC, PES Energy Inc., PES Intermediate, LLC, PES Ultimate Holdings, LLC, and Philadelphia Energy Solutions Refining and Marketing LLC v. Allianz Global Risks US Insurance Company, of Illinois; AXA Corporate Solutions Assurance, of France; Lloyd's of London Underwriters, of England; General Security Indemnity Company of Arizona, Great Lakes Insurance SE, of Germany; HDI Global Insurance Company, of Illinois; HDI Global Specialty SE, of Germany; Helvetia Swiss Insurance Company in Liechtenstein Ltd., of Liechtenstein; Lancashire Insurance Company (UK) Limited, of England; Liberty Mutual Insurance Company, of Massachusetts; Mapfre Re Compania de Reaseguros, SA, of Spain; PartnerRe Ireland Insurance DAC, of Ireland; Starr Technical Risks Agency, Inc., of New York; Westport Insurance Corporation, of Missouri; XL Insurance America, Inc., of Connecticut, and Zurich American Insurance Company, of New York, at the U. S. Bankruptcy Court for the District of Delaware.

Liechtenstein: Matthias Krull

February 10, 2020 - Application for the appointment of a Commissioner to collect evidence from Bank of New York and JPMorgan Chase Bank regarding accounts in the names of Portmann Capital Management Limited and Solar Cargo CA - pursuant to a request for judicial assistance from Liechtenstein - for a criminal investigation into Matthias Krull for suspected money laundering involving Petroleos de Venezuela SA, a.k.a. PDVSA.

Hugh Dickson et al v. Michael Jacob: Discovery Application

January 28, 2020 - Application by Hugh Dickson and John Royle, as "Receivers of the sole share of the Cayman Islands based company Britannia Holdings (2006) Limited", to take discovery from Michael Jacob for use in legal proceedings in the Cayman Islands "captioned Lea Lilly Perry and Tamar Perry v. Lopag Trust Reg., Private Equity Services (Curacao) NV, Fiduciana Verwaltungsanstalt, Gal Greenspoon Perry, Yael Perry, Dan Greenspoon, Ron Greenspoon and Mia Greenspoon", filed at the U. S. District Court for the Southern District of New York. Editor's Note: The underlying case was filed under seal at the Grand Court of the Cayman Islands in September, 2017 as part of the Cayman Court's secretly-imposed mass-sealing policy - implemented by Chief Justice Anthony Smellie - that conceals from public view even the existence of many cases involving allegations of impropriety and insolvency against the jurisdiction's foreign-owned companies. More than two years later, the case is still completely sealed in Cayman, despite details being revealed in the U.S.

Hugh Dickson et al v. Chelsea Associates LLC et al: Discovery Application

January 28, 2020 - Application by Hugh Dickson and John Royle, as "Receivers of the sole share of the Cayman Islands based company Britannia Holdings (2006) Limited", to take discovery from Chelsea Associates LLC, CohnReznick LLP, Marcum LLP, RECAP Chelsea Investment, LLC and Albanese Organization Inc. for use in legal proceedings in the Cayman Islands "captioned Lea Lilly Perry and Tamar Perry v. Lopag Trust Reg., Private Equity Services (Curacao) NV, Fiduciana Verwaltungsanstalt, Gal Greenspoon Perry, Yael Perry, Dan Greenspoon, Ron Greenspoon and Mia Greenspoon", filed at the U. S. District Court for the Southern District of New York. Editor's Note: The underlying case was filed under seal at the Grand Court of the Cayman Islands in September, 2017 as part of the Cayman Court's secretly-imposed mass-sealing policy - implemented by Chief Justice Anthony Smellie - that conceals from public view even the existence of many cases involving allegations of impropriety and insolvency against the jurisdiction's foreign-owned companies. More than two years later, the case is still completely sealed in Cayman, despite details being revealed in the U.S.

VTB Bank PJSC v. Miccros Group Ltd. et al: Judgment

January 23, 2020 - Judgment in VTB Bank PJSC, of Russia v. Miccros Group Ltd. and Taurus Ltd. at the British Virgin Islands High Court.

Axiom Legal Financing Fund: Receivers' Seventh Report

January 15, 2020 - Seventh Report of the Receivers of Axiom Legal Financing Fund, of the Cayman Islands.

Liechtenstein: Oath Holdings, Inc.

December 13, 2019 - Application for the appointment of a Commissioner to collect evidence from Oath Holdings, Inc. - pursuant to a request for judicial assistance from Liechtenstein - for a criminal investigation into "unknown suspect(s)" for suspected fraud against "an 85-year-old widow living alone".

Liechtenstein: Google LLC

December 13, 2019 - Application for the appointment of a Commissioner to collect evidence from Google LLC - pursuant to a request for judicial assistance from Liechtenstein - for a criminal investigation into "unknown suspect(s)" for suspected fraud against "an 85-year-old widow living alone".

Oak Trust (Guernsey) Ltd. et al v. William Dewsall: Claimants' Amended Reply

December 11, 2019 - Claimants' Amended Reply to Defendant's Amended Defense regarding Gable Holdings Inc., of the Cayman Islands, and Gable Insurance AG, of Liechtenstein, in Kevin Alcock, of Surrey, England; Oak Trust (Guernsey) Limited, of Guernsey; Baytree Holdings Limited, Morevale Company Limited, and Aggaris Investments Limited, all of the British Virgin Islands; Christopher Lawrance, of South Africa; Corita Metelerkamp, of Surrey, England; Roy Campbell, of South Africa, and CriSeren Investments Limited, of Wales v. William Dewsall, of London, England, at the High Court for England and Wales.

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.