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

MEXICO

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Garrett Motion Inc. et al: Chapter 11 Petition

September 20, 2020 - Chapter 11 Petition by Garrett Motion Inc., of Switzerland, which "designs, manufactures and sells highly engineered turbocharger, electric-boosting and connected vehicle technologies for original equipment manufacturers and the aftermarket"; BRH LLC, of Switzerland; Calvari Limited, of Ireland; Friction Materials LLC, of Michigan; Garrett ASASCO Inc., of Michigan; Garrett Borrowing LLC, of Michigan; Garrett Holding Company Sàrl, of Switzerland; Garrett LX I Sàrl, of Luxembourg; Garrett LX II Sàrl, of Luxembourg; Garrett LX III Sàrl, of Luxembourg; Garrett Motion Australia Pty Limited, of Australia; Garrett Motion Automotive Research Mexico S. de R.L. de C.V., of Mexico; Garrett Motion Holdings Inc., of Michigan; Garrett Motion Holdings II Inc., of Michigan; Garrett Motion International Services S.R.L., of Romania; Garrett Motion Ireland A Limited, of Ireland; Garrett Motion Ireland B Limited, of Ireland; Garrett Motion Ireland C Limited, of Ireland; Garrett Motion Ireland Limited, of Ireland; Garrett Motion Italia S.r.l., of Italy; Garrett Motion Japan Inc., of Japan; Garrett Motion LLC, of Michigan; Garrett Motion México, Sociedad Anónima de Capital Variable, of Mexico; Garrett Motion Romania S.R.L., of Romania; Garrett Motion Sàrl, of Switzerland; Garrett Motion Slovakia s.r.o., of Slovakia; Garrett Motion Switzerland Holdings Sàrl, of Switzerland; Garrett Motion UK A Limited, of England; Garrett Motion UK B Limited, of England; Garrett Motion UK C Limited, of England; Garrett Motion UK D Limited, of England; Garrett Motion UK Limited, of England; Garrett Transportation I Inc., of Michigan; Garrett Transportation Systems Ltd., of England; Garrett Transportation Systems UK II Ltd., of England; Garrett TS Ltd., of England, and Garrett Turbo Ltd., of England, at the U. S. Bankruptcy Court for the Southern District of New York.

Codere Finance 2 (UK) Ltd.: Chapter 15 Petition

September 14, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Manuel Martinez-Fidalgo, as the Foreign Representative of Codere Finance 2 (UK) Limited, described as being part of a group that "is a leading international gaming operator" and whose parent's shares "are listed on the Madrid stock exchange", at the U. S. Bankruptcy Court for the Southern District of New York.

World Fuel Services Inc. v. ABC Aerolineas SA de CV: Complaint

September 02, 2020 - Complaint in World Fuel Services Inc., of Texas v. ABC Aerolineas SA de CV, d.b.a. InterJet, of Mexico, at the U. S. District Court for theSouthern District of Florida.

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.

Grupo Famsa SAB de CV: Chapter 15 Petition

August 06, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Mexico by Paloma Elizabeth Arellano Bujanda, as the Foreign Representative of Grupo Famsa S.A.B. de C.V., described as a Mexican company that "offers furniture, electronics, household appliances, clothing, and other durable consumer goods through approximately 430 retail stores, including approximately 22 stores located in the United States", at the U. S. Bankruptcy Court for the Southern District of New York.

World Acceptance Corporation: $21.7M Penalty

August 06, 2020 - Administrative Order imposing penalties totaling $21.7 million against World Acceptance Corporation, of South Carolina, for "violations of the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act" regarding a "bribery scheme" involving "WAC's former wholly-owned subsidiary in Mexico, WAC de Mexico, S.A. de CV".

Bully 1 (Switzerland) GmbH et al: Chapter 11 Petition

July 31, 2020 - Chapter 11 Petition by Bully 1 (Switzerland) GmbH, Noble Drilling Holding LLC, Noble Corporation Plc, Noble Services International LimitedlBully 1 (Switzerland) GmbH, Bully 2 (Switzerland) GmbH, Noble 2018-I Guarantor LLC, Noble 2018-II Guarantor LLC, Noble 2018-III Guarantor LLC, Noble 2018-IV Guarantor LLC, Noble BD LLC, Noble Cayman Limited, Noble Cayman SCS Holding Ltd., Noble Contracting II GmbH, Noble Corporation, Noble Corporation Holdings Ltd., Noble Corporation Holding LLC, Noble Drilling (Guyana) Inc., Noble Drilling (TVL) Ltd., Noble Drilling (U.S.) LLC, Noble Drilling Americas LLC, Noble Drilling Exploration Company, Noble Drilling International GmbH, Noble Drilling NHIL LLC, Noble Drilling Services Inc., Noble DT LLC, Noble FDR Holdings Limited, Noble Holding (U.S.) LLC, Noble Holding International Limited, Noble Holding UK Limited, Noble International Finance Company, Noble Leasing (Switzerland) GmbH, Noble Leasing III (Switzerland) GmbH, Noble Resources Limited, Noble SA Limited, Noble Rig Holding I Limited, Noble Rig Holding 2 Limited, Noble Asset Mexico LLC, Noble Bill Jennings LLC, Noble Earl Frederickson LLC, and Noble Mexico Limited at the U. S. Bankruptcy Court for the Southern District of Texas.

Grupo Aeroméxico SAB de CV et al: Chapter 11 Petition

June 30, 2020 - Chapter 11 Petition by Grupo Aeroméxico SAB de CV, Aerovías de México SA de CV, Aerolitoral SA de CV, and Aerovías Empresa de Cargo SA de CV, "collectively known as Mexico's 'global airline'", at the U. S. Bankruptcy Court for the Southern District of New York.

Royal Yuyo Shipping SA v. Productos Agropecuarios de Tehuacan et al: Petition

June 01, 2020 - Petition in Royal Yuyo Shipping SA, of Panama v. Productos Agropecuarios de Tehuacan, Productos Avicolas el Cavario, and Socorro Romero Sanchez SA de CV, all of Mexico, at the U. S. District Court for the Southern District of New York.

Alejandro Martinez Araiza v. Citibank USA et al: Discovery Application

May 29, 2020 - Application by Alejandro Martinez Araiza to take discovery from Citibank USA, King Baudouin Foundation, BBVA Compass Bank, JPMorgan Chase Bank, N.A., Wells Fargo, Standard Chartered Bank U.S., Bank of America, N.A., The Bank of New York Mellon, Northern Trust International Banking Corporation, Deutsche Bank Trust Company of America, HSBC Bank USA, and UBS AG for use in "an ongoing Mexican criminal proceeding" against The Non-Violence Foundation, of Switzerland, and the Non-Violence Project Mexico involving suspected fraud, filed at the U. S. District Court for the Southern District of New York.

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.