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MAN Corp SA et al v. Innovate Mining Solutions LLC et al: Complaint

June 16, 2021 - Complaint alleging fraud in MAN Corp S.A., of Switzerland, and MAN International DWC-LLC, of Dubai, in the United Arab Emirates v. Innovate Mining Solutions LLC, of Florida; Innovate Solutions Ltda RUT, of Chile, and Fernando E. Duque Cardoze, described as a citizen of Panama, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida.

Blackbird Capital LLC v. SION Trading FZE et al: Order Allowing Email Service

June 07, 2021 - Memorandum Decision and Order Granting Plaintiff's Motion for Leave to Serve SION Trading FZE by Email due to its owner, Max Warren Barber, "avoiding service" in Blackbird Capital LLC v. Worth Group Capital LLC, of Wyoming; Justin Ely, of Utah; Halls Law Office, of Idaho; Scotia International of Nevada, Inc., of Utah; Sion Trading FZE, of Ral Al Khaimah, of the United Arab Emirates; Max Warren Barber, of Utah; NaPo Limited, described as "a company located and incorporated in Bridgetown, Barbados, and Saint Lucia"; Nikolas Korakianitis, described as a citizen of Canada; GT Foundation, described as "a private interest foundation founded in Panama City, Panama" that "may have an office in London, England and/or New York", and Kumar Singh at the U. S. District Court for the District of Utah.

Panacorp Casa de Valores SA v. Castle Harbour Securities Ltd.: Judgment

May 20, 2021 - Judgment regarding a dispute involving "100 million bonds issued by Petróleos de Venezuela, S.A.", a.k.a. PDVSA, in Panacorp Casa de Valores S.A., of Panama v. Castle Harbour Securities Limited at Bermuda Supreme Court.

USA v. MoneyGram: 'John Doe' Summons Petition

May 04, 2021 - Ex Parte Petition for Leave to Serve 'John Doe' Summons as part of an IRS investigation into U.S. taxpayers who are suspected of tax evasion using the services of Panama Offshore Legal Services, described as "a Panamanian firm that assists clients in concealing their beneficial ownership of assets", in USA v. MoneyGram Payment Systems Inc. at the U. S. District Court for the District of Minnesota.

USA v. Western Union: 'John Doe' Summons Petition

May 04, 2021 - Ex Parte Petition for Leave to Serve 'John Doe' Summons as part of an IRS investigation into U.S. taxpayers who are suspected of tax evasion using the services of Panama Offshore Legal Services, described as "a Panamanian firm that assists clients in concealing their beneficial ownership of assets", in USA v. Western Union Financial Services Inc. at the U. S. District Court for the District of Colorado.

USA v. Federal Express et al: 'John Doe' Summonses Petition

May 04, 2021 - Ex Parte Petition for Leave to Serve 'John Doe' Summonses as part of an IRS investigation into U.S. taxpayers who are suspected of tax evasion using the services of Panama Offshore Legal Services, described as "a Panamanian law firm that has been providing offshore services since 2000", allegedly offering legal structures formed in several jurisdictions, including Belize, the British Virgin Islands, Delaware, Nevis, Nevada, Panama, Saint Vincent and the Grenadines, and Switzerland, in USA v. Federal Express Corporation, a.k.a. FedEx Express; Fed Ex Ground Package System, Inc., a.k.a. FedEx Ground; DHL Express (USA), Inc., United Parcel Service, Inc., the Federal Reserve Bank of New York, The Clearing House Payments Company LLC, HSBC Bank USA, N.A., Citibank, N.A., Wells Fargo Bank, N.A., and Bank of America, N.A. at the U. S. District Court for the Southern District of New York.

Hapag-Lloyd AG v. M/V ONE APUS: Discovery Application (April 30, 2021)

April 30, 2021 - Ex Parte Application by Hapag-Lloyd Aktiengesellschaft, of Germany, to take discovery from the Master of M/V ONE APUS, a "Japanese-flagged containership" that "was en route from Yantian, China to Long Beach, California when something went wrong and the ship lost at least 843 containers overboard", for use in legal proceedings in Germany, filed at the U. S. District Court for the Central District of California.

LS Energia Inc. et al v. Corporacion Electrica Nacional SA et al: Complaint

April 28, 2021 - Complaint "to recover an amount in excess of US$ 1.7 million, plus interest" alleging breach of contract and unjust enrichment in LS Energia Inc., of Florida, and LS Energia Inc., of Panama v. Corporación Eléctrica Nacional SA, described as "a subsidiary entity of a ministry of the government of Venezuela"; Petróleos de Venezuela SA, a.k.a. PDVSA, described as "the Venezuelan state-owned oil and natural gas company", and Bolivarian Republic of Venezuela at the U. S. District Court for the Southern District of Florida.

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.

Tatiana Akhmedova v. Farkhad Akhmedov et al: Judgment

April 21, 2021 - Judgment for hundreds of millions of dollars in favor of a "wife" who "has been the victim of a series of schemes designed to put every penny of the Husband's wealth beyond her reach" involving individuals, companies, and structures in Bermuda, Cyprus, Dubai, England, France, Isle of Man, Liechtenstein, Luxembourg, Panama, Russia, and Switzerland in Tatiana Akhmedova v. Farkhad Teimur Ogly Akhmedov, a citizen of Russia; Woodblade Limited, of Cyprus; Cotor Investment SA, of Panama; Qubo 1 Establishment, of Liechtenstein; Qubo 2 Establishment, of Liechtenstein; Straight Establishment, of Liechtenstein; Avenger Assets Corporation, of Panama; Counselor Trust Reg, of Liechtenstein, as Trustee of certain Trusts; Sobaldo Establishment, of Liechtenstein, as Trustee of certain Trusts; Temur Akhmedov, described as "a British citizen who lives in London", and Borderedge Limited, of Cyprus, at the High Court of Justice, 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.