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Galina Trunina et al v. Peters International (Cayman) Ltd. et al: Writ of Summons

October 14, 2020 - Writ of Summons alleging "a dishonest scheme" in Galina Trunina and 114 other individuals v. Peters International (Cayman) Limited, of the Cayman Islands; Peters International Investment BV, of Curaçao; Promsvyaz Capital BV, of the Netherlands, and Dmitri Ananyev, of Cyprus, at the Grand Court of the Cayman Islands.

Selecta Finance UK Ltd. et al: Chapter 15 Petition

October 08, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Andreas Schneiter, as the Foreign Representative of Selecta Finance UK Limited, of England, and Selecta Group B.V., of the Netherlands, described as being part of a group that "is the leading route-based, unattended, self-service coffee and convenience food provider in Europe by revenue", at the U. S. Bankruptcy Court for the Southern District of Texas.

USA v. Nika Nazarovi et al: Indictment

September 29, 2020 - Criminal Indictment against "citizens of multiple countries, including Georgia, Latvia, Romania, Bulgaria, and Belgium" who were described as being "members of a transnational organized crime network known as 'QQAAZZ'" that "provided money laundering services to significant cybercriminal organizations that stole money from unwitting victims in the United States and abroad" involving accounts at financial institutions in Belgium, Germany, Portugal, Spain, the Netherlands, Turkey, and the United Kingdom in USA v. Nika Nazarovi, a.k.a. Nika Utiashvili, a.k.a. Mihail Atansov, a.k.a. Stefan Trifonov Zhelyazkov; Martins Ignatjevs, a.k.a. Yordan Angelov Stoyanov, a.k.a. Aleksander Tihomirov, a.k.a. Svetlin Iliyanov Asenov; Aleksandre Kobiashvili, a.k.a. Antonios Nastas, a.k.a. Ognyan Krasimirov Trifonov; Dmitrijs Kuzminovs, a.k.a. Parush Gospodinov Genchev; Valentins Sevecs, a.k.a. Marek Jaswilko, a.k.a. Rafal Szczytko; Dmitrijs Slapins, Armens Vecels, Artiom Capacli, Ion Cebanu, Tomass Trescinkas, Ruslans Sarapovs, Silvestrs Tamenieks, Andelhak Hamdaoui, and Petar Iliev at the U. S. District Court for the Western District of Pennsylvania.

Highland Crusader Offshore Partners LP et al v. Celtic Pharma Phinco BV et al: Amended Judgment

September 29, 2020 - Amended Judgment for $1 billion against Celtic Pharmaceutical Holdings LP, of Bermuda; Celtic Pharma Management LP, of Bermuda; Targeted Delivery Technologies Holdings Ltd., of Malta; Targeted Delivery Technologies Ltd., of Malta; Celtic Pharma Management Ltd., of Bermuda; Celtic Pharma FIX Ltd., of Bermuda; Celtic Pharma FIX Venture Ltd., of Bermuda, and John Mayo, of England in Highland Crusader Offshore Partners LP, of Bermuda; Highland Credit Opportunities CDO Ltd., of the Cayman Islands; Highland Credit Strategies Master Fund LP, of Bermuda; Highland Restoration Capital Partners Master LP, of Delaware, and NexPoint Credit Strategies Fund, of Delaware v. Celtic Pharma Phinco BV, of the Netherlands; Targeted Delivery Technologies Holdings Ltd., of Malta; Targeted Delivery Technologies Ltd., of Malta; Xenova Group Ltd., of England; TDT 044 Ltd., of Bermuda; TDT 054 Ltd., of Bermuda; TDT 077 Ltd., of Bermuda; Celtic Pharmaceutical Holdings LP, of Bermuda; Celtic Pharma Services Bermuda Ltd., of Bermuda; Auven Therapeutics Management LLLP, of the U.S. Virgin Islands, f.k.a. Celtic Therapeutics Management LLLP, as successor-in-interest to Celtic Pharma Management LP; Celtic Pharma Management LP, of Bermuda; Celtic Pharma Management Company Ltd., of Bermuda; Celtic Pharma FIX Ltd., of Bermuda; Celtic Pharma FIX Venture Ltd., of Bermuda; Stephen Evans-Freke, of Ireland and the United Kingdom, and John Mayo, of England, at the Supreme Court of the State of New York, County of New York.

Fiat Chrysler Automobiles NV: $9.5M Fine

September 28, 2020 - Administrative Order by the U. S. Securities and Exchange Commission imposing a fine of $9.5 million on Fiat Chrysler Automobiles N.V. , described as "a Dutch public company headquartered in London, United Kingdom", for the "VW 'dieselgate' scandal".

Enka Insaat ve Sanayi AS et al v. Mass Global Energy (Duhok) Ltd.: Writ of Summons

September 15, 2020 - Writ of Summons in Enka Insaat ve Sanayi AS, of Turkey, and Capital City Investment BV, of the Netherlands v. Mass Global Energy (Duhok) Ltd. at the Grant Court of the Cayman Islands.

Crystal Garrett-Evans v. Coty Inc. et al: Class Action Complaint

September 04, 2020 - Class Action Complaint alleging violations of the Securities Exchange Act in Crystal Garrett-Evans v. Coty Inc., domiciled in Maryland, based in the Netherlands, described as "one of the world's largest beauty companies" whose shares are listed on the New York Stock Exchange; Lambertus 'Bart' Becht, Camillo Pane, Pierre Laubies, Patrice de Talhouët, and Pierre-Andre Terisse at the U. S. District Court for the Southern District of New York.

CBRE Global Investors (NL) BV et al v. HBC US Holdings LLC et al: Discovery Application

September 04, 2020 - Application alleging "HBC secretly siphoned away what appears to be billions of dollars of assets by transferring its entire United States operations to a newly-formed Bermuda parent company, under the guise of an internal restructuring thereby removing those assets from the reach of HBC's creditors, including CBRE" by CBRE Global Investors (NL) B.V., CBRE DRET Custodian I B.V., CBRE DHC Maastricht (Grote Staat V) B.V., and CBRE DHC Den Haag (Grote Markstraat V) B.V. to take discovery from HBC US Holdings LLC and its General Counsel, David Schwartz, for use in "a civil action in The Netherlands against Hudson's Bay Company ULC, a Canadian company formerly known as Hudson's Bay Company, who through its affiliates owns and operates department stores, including Saks Fifth Avenue, throughout the United States, Canada and Europe", filed at the U. S. District Court for the Southern District of New York.

Enka İnşaat ve Sanayi A.Ş. et al v. Mass Energy Group Holding Ltd. et al: Amended Ex Parte Summons

September 03, 2020 - Amended Ex Parte Summons in Enka Insaat ve Sanayi A.S., of Turkey, and Capital City Investment BV, of the Netherlands v. Mass Energy Group Holding Ltd., of the British Virgin Islands; Ahmad Ismail Saleh Nanakaly, of Iraq, and Azad Mustafa Hussein Hussein, of Iraq, as Defendants, and Mass Global Energy (Arbil) Ltd. and Mass Global Energy (Suleimanya) Ltd., both of the Cayman Islands, as "Non-Cause of Action Defendants", at the Grand Court of the Cayman Islands.

Tether and Bitfinex Crypto Asset Litigation: Bitfinex et al's Motion to Dismiss Amended Consolidated Class Action Complaint

September 03, 2020 - Motion to Dismiss Amended Consolidated Class Action Complaint styled as 'Tether and Bitfinex Crypto Asset Litigation' by iFinex Inc., a.k.a. Bitfinex; DigFinex Inc., BFXNA Inc., BFXWW Inc., Tether International Limited, Tether Operations Limited, Tether Holdings Limited, all of the British Virgin Islands; Tether Limited, of Hong Kong; Ludovicus Jan van der Velde, a citizen of the Netherlands, and Giancarlo Devasini, a citizen of Italy, in David Leibowitz et al v. iFinex Inc. et al 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.

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US tycoon Bob Brockman indicted for '$2B offshore tax fraud scheme'
US software tycoon Bob Brockman has been criminally indicted in California for an alleged $2 billion offshore tax evasion scheme involving accounts and entities in Bermuda, British Virgin Islands, Cayman Islands, Nevis, and Switzerland. In a related case, billionaire private equity boss Robert Smith agreed to pay penalties of $139 million to avoid prosecution.
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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.