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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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Nicholas Day v. Diligence, Inc.: Defendant's Motion to Dismiss

February 17, 2020 - Defendant's Motion to Dismiss in Nicholas Day v. Diligence, Inc. at the Court of Chancery of the State of Delaware.

Coöperatieve Rabobank UA et al v. The Clearing House Payments Company LLC et al: Discovery Application

February 14, 2020 - Application by Coöperatieve Rabobank UA, of Argentina; Credit Agricole Corporate and Investment Bank, of New York; ING Bank NV, of Brazil; the International Finance Corporation, of Washington, DC; Natixis, New York Branch, and Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden NV, of the Netherlands, to take discovery from The Clearing House Payments Company LLC, of New York; Banco Bilbao Vizcaya Argentina SA, of Spain; Banco do Brasil SA, of Brazil; Bank Leumi US, of New York; Bank of America, NA, of North Carolina; Barclays Bank PLC, of England; Citibank, NA, of New York; Deutsche Bank AG, of Germany; Deutsche Bank Trust Co Americas, of New York; HSBC Bank USA, of New York; Itau Unibanco SA - New York Branch, of Brazil; JPMorgan Chase Bank, NA, of New York; Mizuho Bank, Ltd., of Japan; MUFG Bank, Ltd., of Japan; MUFG Union Bank, NA, of New York; Sumitomo Mitsui Banking Corporation, of Japan; The Bank of New York Mellon, of New York; UBS AG, of Switzerland; Wells Fargo Bank NY INTL, of New York, and Wells Fargo Bank, of California, for use in legal proceedings in Argentina regarding suspected "major international financial impropriety" involving Vincentin SAIC, filed at the U. S. District Court for the Southern District of New York.

Nicholas Day v. Diligence, Inc.: Complaint for Advancement of Legal Fees & Expenses

February 11, 2020 - Complaint for Advancement of Legal Fees & Expenses in Nicholas Day, a citizen of the UnitedKingdom residing in France v. Diligence, Inc. at the Court of Chancery of the State of Delaware.

Liechtenstein: Matthias Krull

February 10, 2020 - Application for the appointment of a Commissioner to collect evidence from Bank of New York and JPMorgan Chase Bank regarding accounts in the names of Portmann Capital Management Limited and Solar Cargo CA - pursuant to a request for judicial assistance from Liechtenstein - for a criminal investigation into Matthias Krull for suspected money laundering involving Petroleos de Venezuela SA, a.k.a. PDVSA.

Eurasian Bank JSC v. Bank of New York Mellon et al: Discovery Application

February 05, 2020 - Ex Parte Application by Eurasian Bank JSC, of Kazakhstan, to take discovery from Bank of New York Mellon, Credit Suisse AG, New York Branch; Credit Suisse Holdings (USA) Inc., and Credit Suisse (USA) Inc. for use in legal proceedings in England alleging fraud against Khakim Islamovich Istamov, Irina Petrovna Skichko, Agusta Associates Limited, and Igor Riel, filed at the U. S. District Court for the Southern District of New York.

BNP Paribas (Suisse) SA v. Emily Chih Hsuan Chiang: Stop Notice Re. Shares in Formosa Wealth Management Ltd.

January 30, 2020 - Stop Notice by BNP Paribas (Suisse) SA, of Switzerland, regarding shares in Formosa Wealth Management Ltd. beneficially owned by Emily Chih Hsuan Chiang, of Hong Kong, filed at the Grand Court of the Cayman Islands.

PJSC Uralkali v. Lawrence Stroll: Discovery Application

January 30, 2020 - Application by PJSC Uralkali to take discovery from Lawrence Stroll, a citizen of Canada apparently residing in Switzerland, for use in legal proceedings in England against Geoffrey Rowley and Jason Baker, "as administrators of Force India Formula One Team Limited", filed at the U. S. District Court for the Southern District of New York.

Diligence Inc. v. Nicholas Day: Status Quo Order

January 29, 2020 - Status Quo Order regarding Switzerland-based Diligence Global Business Intelligence SA in Diligence Inc. v. Nicholas Day at the Court of Chancery of the State of Delaware.

ROX Capital AG: Public Warning

January 29, 2020 - Public Warning by the Swiss Financial Market Supervisory Authority regarding ROX Capital AG, formerly known as Algovia AG, which is "suspected of conducting unauthorised activities in the financial market". Editor's Note: Research by OffshoreAlert showed that, on its website at www.roxcapital.io, ROX Capital AG offers a "Stable Coin" and a "Decentralised Token Exchange" and, in filings with the Swiss Commercial Registry, the company's directors are identified as Aleksei Liakhovnenko and Anton Katin, both of Russia, while previous directors are identified as Reto Daniel Winkler, of Switzerland; Günther Weber, a citizen of Germany, and Vladimir Helber, a citizen of Germany

Diligence Inc. v. Nicholas Day: Plaintiff's Reply Supporting Status Quo Motion

January 27, 2020 - Plaintiff's Reply in Further Support of its Motion for Entry of Status Quo Order in Diligence Inc. v. Nicholas Day at the Court of Chancery of the State of Delaware.

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.