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Pelagos Shipping Company Ltd. v. PB Finance LLC: Complaint

April 16, 2021 - Complaint alleging fraud in Pelagos Shipping Company Ltd., of Malta v. PB Finance LLC, described as a Marshall Islands company based in Stamford, Connecticut, at the U. S. District Court for the Southern District of New York.

Dante Locatelli v. Caetano Rosa Holding Corp. et al: Discovery Application

April 02, 2021 - Application by Dante Locatelli, a citizen of Brazil, to take discovery from Caetano Rosa Holding Corp., of the Marshall Islands; BHW Alpha LLC, BHW Omega LLC, and Pryor Locatelli Consulting Services LLC, all of Florida, for use in legal proceedings in Brazil and the Marshall Islands involving allegations that "his sister, Cristiane Locatelli, committed various financial improprieties in a covert scheme to take over certain family assets/businesses", at the U. S. District Court for the Southern District of Florida.

The Deposit Guarantee Fund v. Citibank NA et al: Discovery Application

February 23, 2021 - Application by The Deposit Guarantee Fund, of Ukraine, to take discovery from Citibank, N.A., The Bank of New York Mellon, Société Générale, New York, HSBC Bank USA, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Barclays Bank PLC, Deutsche Bank Trust Co. Americas, Bank of Nova Scotia, UBS AG, Bank of America, N.A., Standard Chartered Bank US, Commerzbank AG US and The Clearing House Payments Company, LLC for use in a "contemplated proceeding ... against PJSC National Credit Bank, Eastmond Sales LLP, Bank Frick & Co. AG, and other unknown fraudsters" in England for suspected fraud involving several jurisdictions, including England, Liechtenstein, Marshall Islands, Seychelles, Switzerland, and Ukraine, filed at the U. S. District Court for the Southern District of New York.

Seadrill Polaris Ltd. et al: Chapter 11 Petition

December 01, 2020 - Chapter 11 Bankruptcy Petition by Seadrill Polaris Ltd., of Bermuda; Seadrill Partners LLC, of England; Seadrill OPCO Sub LLC, of England; Seabras Rig Holdco Kft., of Hungary; Seadrill Operating GP LLC, of England; Seadrill Auriga Hungary Kft., of Hungary; Seadrill Operating LP, of the Marshall Islands; Seadrill Canada Ltd., of Canada; Seadrill Partners B.V., of the Netherlands; Seadrill Capricorn Holdings LLC, of the Marshall Islands; Seadrill Partners Finco LLC, of England; Seadrill China Operations Ltd., of Luxembourg; Seadrill Partners Malaysia Sdn. Bhd., of Malaysia; Seadrill Deepwater Drillship Ltd., of England; Seadrill Partners Operating LLC, of the Marshall Islands; Seadrill Ghana Operations Ltd., of England; Seadrill Mobile Units (Nigeria) Ltd., of Nigeria; Seadrill T-15 Ltd., of Bermuda; Seadrill Gulf Operations Auriga LLC, of England; Seadrill T-16 Ltd., of Bermuda; Seadrill Gulf Operations Sirius LLC, of England; Seadrill Texas LLC, of England; Seadrill Gulf Operations Vela LLC, of England; Seadrill US Gulf LLC, of England; Seadrill Hungary Kft., of Hungary; Seadrill Vela Hungary Kft., of Hungary; Seadrill International Ltd., of England; Seadrill Vencedor Ltd., of Bermuda, and Seadrill Leo Ltd., of England, at the U. S. Bankruptcy Court for the Southern District of Texas.

Piraeus Bank SA v. NASDAQ et al: Discovery Application

September 23, 2020 - Application by Piraeus Bank SA, of Greece, to take discovery from The NASDAQ Stock Market LLC and OTC Markets Group for use in "an anticipated foreign judicial proceeding that will be commenced by Piraeus against Newlead Holdings, Ltd. [of Bermuda] before the High Court of Justice, Business and Property Courts of England and Wales, Commercial Court pursuant to a Guarantee and Indemnity agreement", filed at the U. S. District Court for the Southern District of New York.

Seawolf Tankers Inc. et al v. Riverstone Holdings LLC et al: Discovery Application

August 21, 2020 - Application by Seawolf Tankers Inc. and Heidmar Inc., both of the Marshall Islands, to take discovery from Riverstone Holdings LLC, DnB Bank ASA, Bank of America NA, Bank of China, The Bank of New York Mellon, Barclays Bank PLC, BNP Paribas SA, Citibank NA, Commerzbank AG, Credit Agricole CIB, Deutsche Bank Trust Company of Americas, Deutsche Bank Securities, Inc., HSBC Bank (USA) NA, JPMorgan Chase Bank NA, Societe Generale, Standard Chartered Bank, UBS AG, and Wells Fargo Bank NA for use in legal proceedings in the Marshall Islands and United Arab Emirates against several parties, including Ridgebury V4 Investments LLC, Ridgebury Mike LLC, and Ridgebury Kilo LLC, filed at the U. S. District Court for the Southern District of New York.

Valaris Plc et al: Chapter 11 Petition

August 19, 2020 - Chapter 11 Petition by companies in Australia, Bermuda, Brazil, British Virgin Islands, Cayman Islands, England, France, Gibraltar, Hong Kong, Marshall Islands, Mexico, Singapore, Spain, Switzerland, Thailand, and the United States, namely Valaris Plc, described as "a leading provider of offshore contract drilling services to the international oil and gas industry"; Alpha Achiever Company, Alpha Admiral Company, Alpha Archer Company, Alpha Offshore Drilling Services Company, Alpha Orca Company, Atlantic Maritime Services LLC, Atwood Australian Waters Drilling Pty Ltd., Atwood Deep Seas Ltd., Atwood Oceanics Australia Pty. Limited, Atwood Oceanics LLC, Atwood Oceanics Pacific Limited, Atwood Offshore Drilling Limited, Atwood Offshore Worldwide Limited, ENSCO (Thailand) Limited, ENSCO Asia Pacific Pte. Limited, ENSCO Associates Company, ENSCO Australia Pty. Limited, ENSCO Capital Limited, ENSCO Corporate Resources LLC, ENSCO Development Limited, ENSCO do Brasil Petróleo e Gás Ltda., ENSCO Drilling I Ltd., ENSCO Drilling Mexico LLC, ENSCO Endeavors Limited, ENSCO Global GmbH, ENSCO Global Investments LP, ENSCO Global IV Ltd., ENSCO Global Resources Limited, ENSCO Holding Company, ENSCO Holdings I Ltd., ENSCO Holland BV, ENSCO Incorporated, ENSCO Intercontinental GmbH, ENSCO International Incorporated, ENSCO International Ltd., ENSCO Investments LLC, ENSCO Jersey Finance Limited, ENSCO Limited, ENSCO Management Corp., ENSCO Maritime Limited, ENSCO Mexico Services, S. de RL de CV, ENSCO Ocean 2 Company, ENSCO Oceanics Company LLC, ENSCO Oceanics International Company, ENSCO Offshore Company, ENSCO Offshore International Company, ENSCO Offshore International Holdings Limited, ENSCO Offshore International Inc., ENSCO Offshore U.K. Limited, ENSCO Overseas Limited, ENSCO Transcontinental II LP, ENSCO Transnational I Ltd., ENSCO UK Drilling Limited, ENSCO United Incorporated, ENSCO Universal Limited, ENSCO Vistas Limited, ENSCO Worldwide GmbH, Great White Shark Limited, Green Turtle Limited, Offshore Drilling Services LLC, Pride Foramer SAS, Pride Forasol SAS, Pride Global II Ltd., Pride International LLC, Pride International Management Company LP, Ralph Coffman Limited, Ralph Coffman Luxembourg SA RL, RCI International Inc., RD International Services Pte. Ltd., RDC Arabia Drilling Inc., RDC Holdings Luxembourg SA RL, Rocal Cayman Limited, Rowan Companies Limited, Rowan Companies LLC, Rowan Drilling (Trinidad) Limited, Rowan Drilling (U.K.) Limited, Rowan Drilling, S. de RL de CV; Rowan International Rig Holdings Sarl, Rowan Marine Services LLC, Rowan N-Class (Gibraltar) Limited, Rowan No. 1 Limited, Rowan Norway Limited, Rowan Offshore (Gibraltar) Limited, Rowan Offshore Luxembourg Sarl, Rowan Rex Limited, Rowan Rigs Sarl, Rowan Services LLC, Rowan, S. de RL de CV, and Rowandrill LLC, at the U. S. Bankruptcy Court for the Southern District of Texas.

Hermitage Offshore Services Ltd. et al: Chapter 11 Petition

August 11, 2020 - Chapter 11 Petition by Hermitage Offshore Services Ltd., of Monaco; PSV Adminco 2019 LLC, of New York; CB Holdco Limited, Blue Power Limited, Delta Cistern V Limited, Sierra Cistern V Limited, all of Bermuda; Petro Craft 2017-1 Shipping Company Limited, Petro Craft 2017-2 Shipping Company Limited, Petro Craft 2017-3 Shipping Company Limited, Petro Craft 2017-4 Shipping Company Limited, Petro Craft 2017-5 Shipping Company Limited, Petro Craft 2017-7 Shipping Company Limited, Petro Craft 2017-8 Shipping Company Limited, Petro Combi 6030-01 Shipping Company Limited, Petro Combi 6030-02 Shipping Company Limited, Petro Combi 6030-03 Shipping Company Limited, Petro Combi 6030-04 Shipping Company Limited, Hermit Storm Shipping Company Limited, Hermit Viking Shipping Company Limited, Hermit Protector Shipping Company Limited, Hermit Guardian Shipping Company Limited, Hermit Thunder Shipping Company Limited, Hermit Galaxy Shipping Company Limited, Hermit Horizon Shipping Company Limited, Hermit Power Shipping Company Limited, Hermit Prosper Shipping Company Limited, Hermit Fighter Shipping Company Limited, all of the Marshall Islands; Delta PSV Norway AS, and NAO Norway AS, both of Norway, at the U. S. Bankruptcy Court for the Southern District of New York.

Tatiana Akhmedova v. Humaid Abdulla Mohammed al Masaood al Muhairbi: Discovery Application

August 11, 2020 - Application by Tatiana Akhmedova to take discovery from Humaid Abdulla Mohammed al Masaood al Muhairbi for use in "two pending foreign adjudicative proceedings" in Dubai involving the applicant and her "ex-husband" Farkhad Akhmedov, a Russian businessman, filed at the U. S. District Court for the Middle District of Florida.

Brightwell Portfolio Fund SICAV Plc: License Cancellation

May 19, 2020 - Public Notice by the Malta Financial Services Authority that it has cancelled the Collective Investment Scheme Licence of Brightwell Portfolio Fund SICAV Plc, a license that was suspended, on regulatory grounds nearly six years ago, on July 15th, 2014, "following the resignation of key officials and service providers". Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that Brightwell Portfolio Fund SICAV Plc has not had any directors or a secretary since they resigned in May, 2014. The company was originally incorporated in the British Virgin Islands on May 18th, 2006 as Brightwell Portfolio Fund Ltd. and continued to Malta on May 10th, 2011, changing its name at the same time. In its most recent annual return, dated May 10th, 2013, the company's shareholders were identified as Paolo Faldini, a citizen of Italy residing in Monaco, and Conseulo Nardon, a citizen of Italy with addresses in the Netherlands and Luxembourg; its directors as Faldini, Nardon, and Stephen Muscat, of Malta, and its Secretary as Valetta Fund Services Limited. Faldini committed suicide on his luxury yacht - apparently bought with investors' funds - in Monte Carlo on December 31st, 2013, shortly after which Nardon, Muscat, and Valetta Fund Services all resigned their positions and the company's auditor, KPMG (Malta), represented by partner Ray Azzopardi, withdrew its audit opinions for 2011 and 2012 due to "fraudulent misrepresentations", evidently by Faldini, regarding the company and its subsidiaries, Beaumont Cash Management Limited, Beaumont Systematic Trading Limited, Beaumont Discretionary Trading Limited, Beaumont Equity Trading Limited, and Beaumont Homeland Security Limited. Brightwell Portfolio Fund's professional services providers included Princes Gate Investment Management Ltd., of the BVI, as Investment Manager; Arcari Fund Solutions BV, of the Netherlands, as Administrator; Credit Suisse, of Switzerland, as Custodian, and Ganado & Associates, Advocates, of Malta, as Legal Adviser. In the BVI, the company's directors were Curado Trust (Tortola) Limited, represented by Yuck Leen Sprock-Chang and Mavis Reed-Castro, and GM General Management Limited, represented by Mario Bottiroli, c/o Trust Company Complex, in the Marshall Islands, with Harneys Corporate Services Ltd., represented by Kimberly Crabbe-Adams, serving as registered agent. Corporate records show that the company authorized the following lawyers to obtain its Collective Investment Scheme license in Malta: James Farrugia, Andre Zerafa, Henry Saydon, and Stephanie Micallef, now known as Stephanie Farrugia, all of Ganado & Associates.

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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.