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

TAIWAN

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

iFinex Inc. v. Arizona Bank & Trust: Discovery Application

April 15, 2020 - Application by iFinex Inc., d.b.a. Bitfinex, a British Virgin Islands-domiciled, Taiwan-based cryptocurrency exchange operator, to take discovery from Arizona Bank & Trust "for use in foreign proceedings both currently ongoing and contemplated in Poland, Portugal, and the United Kingdom" in which iFinex "seeks to recover approximately $880,000,000" that was allegedly misappropriated by Global Trade Solutions AG, d.b.a. Crypto Capital, of Switzerland, and related parties, filed at the U. S. District Court for the District of Arizona.

BVI crypto exchange Bitfinex seeks evidence from US banks for '$880M recovery effort'

April 15, 2020 - The BVI-domiciled, Taiwan-based operator of the cryptocurrency exchange known as Bitfinex has applied to take discovery from banks in Georgia and Colorado as part of its attempt to recover $880 million that was allegedly misappropriated by Swiss firm Crypto Capital and related parties.

iFinex Inc. v. Bank of Colorado: Discovery Application

April 13, 2020 - Application by iFinex Inc., d.b.a. Bitfinex, a British Virgin Islands-domiciled, Taiwan-based cryptocurrency exchange operator, to take discovery from Pinnacle Bancorp, d.b.a. Bank of Colorado, "for use in foreign proceedings both currently ongoing and contemplated in Poland, Portugal, and the United Kingdom" in which iFinex "seeks to recover approximately $880,000,000" that was allegedly misappropriated by Global Trade Solutions AG, d.b.a. Crypto Capital, of Switzerland, and related parties, filed at the U. S. District Court for the District of Colorado.

iFinex Inc. v. SunTrust Bank: Discovery Application

April 10, 2020 - Application by iFinex Inc., d.b.a. Bitfinex, a British Virgin Islands-domiciled, Taiwan-based cryptocurrency exchange operator, to take discovery from SunTrust Bank "for use in foreign proceedings both currently ongoing and contemplated in Poland, Portugal, and the United Kingdom" in which iFinex "seeks to recover approximately $880,000,000" that was allegedly misappropriated by Global Trade Solutions AG, d.b.a. Crypto Capital, of Switzerland, and related parties Application, filed at the U. S. District Court for the Northern District of Georgia.

Tianrui (International) Holding Company Ltd. v. China Shanshui Cement Group Ltd.: Judgment

April 06, 2020 - Judgment regarding applications to strike out a winding-up petition for abuse of process in Tianrui (International) Holding Company Limited, of the British Virgin Islands v. China Shanshui Cement Group Limited, a Cayman Islands-domiciled, Hong Kong-based company whose shares are listed on the Hong Kong Stock Exchange, at the Grand Court of the Cayman Islands.

11 class actions against 42 defendants in 16 countries alleging sale of unregistered cryptocurrencies

April 04, 2020 - The cryptocurrency industry had its own 'Red Wedding' at federal court in Manhattan yesterday when 11 class action complaints alleging the sale of unregistered securities were filed against 42 defendants in the BVI, Canada, Cayman Islands, China, Estonia, Hong Kong, Israel, Japan, Malta, Seychelles, Singapore, South Africa, Switzerland, Taiwan, USA, and Vietnam.

Eric Lee et al v. Binance et al: Class Action Complaint

April 03, 2020 - Class Action Complaint alleging the sale of unregistered securities involving digital tokens known as EOS, BNT, SNT, QSP, KNC, TRX, FUN, ICX, OMG, LEND, ELF, and CVC in Eric Lee and Chase Williams v. Binance, described as the Malta-domiciled "largest cryptocurrency exchange in the world, with a market capitalization of $1.3 billion"; Changpeng Zhao, described as a resident of Taiwan; Yi He, described as a resident of Malta, and Roger Wang, described as a resident of Malta, at the U. S. District Court for the Southern District of New York.

Chase Williams v. Quantstamp Inc. et al: Class Action Complaint

April 03, 2020 - Class Action Complaint alleging the sale of unregistered securities involving digital tokens known as QSP in Chase Williams v. Quantstamp Inc., described as a Delaware-domiciled "blockchain-focused software development company ... with offices in San Francisco, Toronto, Taipei, and Tokyo"; Richard Ma, described as a resident of San Francisco, California, and Steven Stewart, described as a resident of Toronto, Canada, at the U. S. District Court for the Southern District of New York.

Serious Fraud Office v. Airbus SE: Judgment

January 31, 2020 - Judgment approving a Deferred Prosecution Agreement and imposing a "total financial sanction" of €990,963,712 for suspected bribery in Director of the Serious Fraud Office v. Airbus SE at the Crown Court, in Southwark, England.

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.

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.