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Newbrook Shipping Corporation et al v. Global Marketing Systems Inc. et al: Discovery Application

March 24, 2020 - Application by Newbrook Shipping Corporation, of the Netherlands, and Falcon Confidence Shipping Ltd., of Liberia, to take discovery from Global Marketing Systems Inc. and Anil F. Sharma, both of Maryland, for use in legal proceedings in Nevis and South Africa, filed at the U. S. District Court for the Northern District of Maryland.

Compañia De Navegación Palomar SA et al v. Isabel Brenda Koutsos: Judgment

March 23, 2020 - Judgment for $2.75 million in favor of the plaintiff in Compañia De Navegación Palomar, SA, of Panama; Cosmopolitan Finance Corporation, of the British Virgin Islands; Dominion Corporation SA, of Panama; John Manners and Co. (Malaya) Pte Ltd., of Singapore; Peninsula Navigation Company (Private) Limited, of the British Virgin Islands, and Straits Marine Company Private Limited, of the British Virgin Islands v. Isabel Brenda Koutsos, of Australia, at Singapore High Court.

Liberty Highrise Pvt. Ltd. v. Praxis Energy Agents DMCC et al: Complaint

March 19, 2020 - Complaint in Liberty Highrise Pvt. Ltd., of India v. Praxis Energy Agents DMCC, of Dubai, and Praxis Energy Agents Pte Ltd., of Singapore, at the U. S. District Court for the Southern District of New York.

Oh Bernard v. Six Capital Investments Ltd. et al: Judgment

March 04, 2020 - Judgment regarding a forex-based investment fraud in Oh Bernard v. Six Capital Investments Limited, in liquidation in the British Virgin Islands; Teng Chee Wai, and Gan Shi Ying at the High Court of Singapore.

Crypto Poker Exchange Inc. v. HashCash Consultants, LLC et al: Complaint

March 04, 2020 - Complaint alleging fraud in Crypto Poker Exchange Inc., a Delaware company based in Virginia that is "a start-up business involved in developing a cryptocurrency exchange and blockchain network for gaming" v. HashCash Consultants LLC, of California; Eashwer Kollata, and Raj Chowdhury, a.k.a. Roy Aich, at the Superior Court of the State of California, County of Los Angeles. Editor's Note: On its website at www.hashcashconsultants.com, HashCash Consultants claims to have offices in Australia, Ras Al-Khaimah, Singapore, and the United States.

Er Kwong Wah v. China Sky Chemical Fibre Co. Ltd.: Winding Up Petition

February 27, 2020 - Winding Up Petition in Er Kwong Wah, of Singapore v. China Sky Chemical Fibre Co. Ltd., a Cayman Islands firm based in China, at the Grand Court of the Cayman Islands.

KrisEnergy (Gulf of Thailand) Ltd. v. Rubicon Vantage International Pte Ltd.: Originating Summons

February 21, 2020 - Originating Summons regarding a statutory demand for $2.8 million in principal and interest in KrisEnergy (Gulf of Thailand) Ltd., a Cayman Islands company based in Bangkok v. Rubicon Vantage International Pte Ltd., of Singapore, at the Grand Court of the Cayman Islands.

ANZ Commodity Trading Pty Ltd. v. Jolly Admire Ltd. et al: Stop Notice Re. Shares in United Biopharma

January 29, 2020 - Stop Notice "arising out of a commodities trading fraud perpetrated against the applicant" by ANZ Commodity Trading Pty Ltd., of Australia, regarding shares in United Biopharma (Holdings) Co. Limited beneficially owned by Jolly Admire Limited, of the British Virgin Islands, and High Express Holdings Limited, of Hong Kong, filed at the Grand Court of the Cayman Islands.

Hargreaves Singapore Pte Ltd. v. Azalai Investors Ltd.: Claim Form

January 24, 2020 - Claim Form in Hargreaves Singapore Pte Ltd., of Singapore v. Azalai Investors Ltd. at the British Virgin Islands High Court.

GSR Markets Ltd. et al v. FR8 Network Inc. et al: Complaint

January 16, 2020 - Complaint alleging securities fraud involving an Initial Coin Offering in GSR Markets Ltd., of Hong Kong, described as "a global cryptocurrency market-maker", and Paul Rogers, of Singapore v. FR8 Network Inc., of Delaware; Maximalist Media LLC, d.b.a. Maximalist Ventures, of New York; Jonathan Fox, of New York, and Sloane Brakeville, of California, 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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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.