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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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Cayman hedge fund VR Global fights for share of 'Pakistan claims proceeds'

April 23, 2021 - Cayman Islands hedge fund VR Global Partners is seeking evidence from U.S. lawyer Stuart Newberger for litigation in the Isle of Man in which it claims to have not received its share of $28.7 million of alleged proceeds from legal claims against the Pakistan Government.

Ecoprivate Business Ltd. et al v. KSL Capital Partners: Discovery Application

March 18, 2021 - Application by Ecoprivate Business Ltd., of the British Virgin Islands, and Jean Sebastian Ferrer Funke, a citizen and resident of Switzerland, to take discovery from KSL Capital Partners for use in "(1) a contemplated criminal proceeding in Switzerland, which Applicants anticipate will be brought against Mr. Sonashah Shivdasani; and (2) an arbitration proceeding commenced by Ecoprivate against Bluebay Resorts (BVI) Limited" alleging fraud and "criminal mismanagement" involving "a complex web of associated individuals and corporate entities in offshore jurisdictions such as Thailand and the British Virgin Islands", filed at the U. S. District Court for the District of Colorado.

Midway Resources International: Winding up Petition

March 08, 2021 - Winding Up Petition in the matter of Midway Resources International, a Cayman Islands oil and gas company managed in England, at the Grand Court of the Cayman Islands.

Black River Trust Company Ltd.: Liquidation

March 04, 2021 - Public Notice by the Mauritius Financial Services Commission that "the Official Receiver, Mr. Vasoodayven Virasami, has been appointed as the liquidator of Black River Trust Company Ltd.". Editor's Note: Research by OffshoreAlert in the Mauritius Corporate and Business Registration Department showed that Black River Trust Company Ltd. was incorporated in Mauritius on October 10th, 2005 and its directors are Michael Robert Charlton, David Perry Gaskell, and Luc Allan Penny Hack.

Lucqman Hakim Issop Issack v. BVI Registrar of Corporate Affairs: Fixed Date Claim Form

February 26, 2021 - Fixed Date Claim Form regarding Dawn International Holdings Limited in Lucqman Hakim Issop Issack, of Mauritius, as Voluntary Liquidator of Dawn International Holdings Limited (in Liquidation) v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Worldwide Wealth Management PCC: License Suspension

February 26, 2021 - Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business License of Worldwide Wealth Management PCC. Editor's Note: Research by OffshoreAlert in the Mauritius Corporate and Business Registration Department showed that Worldwide Wealth Management PCC was incorporated on December 26th, 2014, its directors are Yann Aldric Marie Robbiola and Jonathann Richard Marcel Savigny, and its management company is IQ EQ Corporate Services (Mauritius) Ltd.

TLG ATMA Ltd. v. Atlas Mara Ltd.: Liquidation Application

February 16, 2021 - Originating Application in TLG ATMA Ltd., of Mauritius v. Atlas Mara Limited at the British Virgin Islands High Court.

East Asian Consortium BV v. Bank of America et al: Discovery Application

February 02, 2021 - Application by East Asian Consortium B.V., of the Netherlands, to take discovery from the New York branches of Bank of America, N.A., Bank of New York Mellon, BNP Paribas USA, China Construction Bank, Citibank N.A., HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., MashreqBank PSC, Standard Chartered Bank, and Wells Fargo Bank, N.A. for use in legal proceedings in South Africa "against MTN Group Ltd., MTN International (Mauritius) Ltd., Mobile Telephone Networks Holding (Pty) Limited, MTN International (Pty) Ltd., Phutuma Freedom Nhleko, and Irene Charnley", filed at the U. S. District Court for the Southern District of New York.

Xavier Rault: Disqualification

January 18, 2021 - Public Notice by the Mauritius Financial Services Commission that it has disqualified Xavier Rault for regulatory breaches.

Delphine Evelyne Marcelle Brouard Rault: Disqualification

January 18, 2021 - Public Notice by the Mauritius Financial Services Commission that it has disqualified Delphine Evelyne Marcelle Brouard Rault for regulatory breaches.

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.