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Matchroom Boxing Ltd. v. Andy Ruiz, Jr. et al: Docket

August 23, 2019 - Docket in Matchroom Boxing Limited, of England, owned by Barry Hearn and promoter of British boxer Anthony Joshua v. Andres Ponce Ruiz, a.k.a. Andy Ruiz, Jr., world heavyweight boxing champion, and TGB Promotions LLC at the U. S. District Court for the Southern District of New York. Note: The complaint is sealed.

São Fernando Açúcar e Álcool Ltda et al: Chapter 15 Petition

August 22, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Vinicius Alexander Oliva Sales Coutinho, as the Foreign Representative of São Fernando Açúcar e Álcool Ltda., São Fernando Energia I Ltda., São Fernando Energia II Ltda., São Marcos Energia e Participações Ltda., and São Pio Empreendimentos e Participações Ltda., at the U. S. Bankruptcy Court for the Southern District of Florida.

Stephen Merz v. Burford Capital Ltd. et al: Class Action Complaint

August 21, 2019 - Class Action Complaint for alleged securities fraud in Stephen Merz v. Burford Capital Limited, a litigation funding company domiciled in Guernsey, based in England; Peter Middleton, Burford's Chairman during the Class Period; Christopher Bogart, Burford's CEO; Jonathan Molot, Burford's Chief Investment Officer, and Charles Parkinson, a Burford Director,  at the U. S. District Court for the Eastern District of New York.

Poland: Linode LLC

August 21, 2019 - Application for the appointment of a Commissioner to collect evidence from Linode LLC - pursuant to a request for judicial assistance from Poland - for a criminal investigation into an unknown subject for cryptocurrency-related fraud.

Obra Pia Ltd. et al v. Seagrape Investors LLC et al: Notice of Removal

August 21, 2019 - Notice of Removal, including a copy of the complaint regarding "an uncompleted, in-progress development of a luxury resort in the city of Cartagena, Colombia", in Obra Pia Ltd., of the British Virgin Islands; Obra Pia (US) Feeder LP, of the British Virgin Islands; Kaleil Isaza Tuzman, of New York, and KIT Capital Ltd., of Dubai v. Seagrape Investors LLC, of Boca Raton, Florida, and Edward V. Mullen, of Florida, at the U. S. District Court for the Southern District of New York.

€43M superyacht builder seeks liquidation of Cayman firm 'owned by Venezuelan narco-trafficker'

August 21, 2019 - Italian luxury yacht manufacturer Azimut Bennetti SpA has applied to wind up a Cayman Islands firm allegedly owned by Venezuelan suspected narcotics trafficking-related money launderer Samark Lopez Bello regarding an alleged €500,000 debt owed on a €43 million motor yacht.

Daniel Hall et al v. Harry Sargeant III: Plaintiffs' Motion for Partial Summary Judgment

August 20, 2019 - Plaintiffs' Motion for Partial Summary Judgment in Daniel Hall, of England; Burford Capital LLC, of Delaware, and Dundrod Investments Ltd., of Guernsey v. Harry Sargeant III at the U. S. District Court for the Southern District of Florida.

Wembley Ltd. et al v. Webster Bank et al: Discovery Application

August 20, 2019 - Application by Nicholas Carter, as Receiver for Sutton Ltd. and Wembley Ltd., both of the British Virgin Islands, to take discovery from Webster Bank NA and Elizabeth Wyckoff, for use in legal proceedings in the British Virgin Islands involving The Bank of Nova Scotia Trust Company (Bahamas) Limited, as Trustee of the Southampton Trust, Portsmouth Trust, and Battersea Trust, filed at the U. S. District Court for the District of Connecticut.

ICO Rating: Sanctions Order

August 20, 2019 - Order Instituting Cease-and-Desist Proceedings, Making Findings and Imposing Cease-and-Desist Order regarding Initial Coin Offerings in U.S. Securities and Exchange Commission v. ICO Rating, of Russia.

Priscilla Doe v. Jeffrey Epstein Estate et al: Complaint

August 20, 2019 - Complaint, including an "Asset Summary" for Jeffrey Epstein, in Priscilla Doe v. Darren K. Indyke and Richard D. Kahn, as Joint Personal Representatives of The Estate of Jeffrey E. Epstein;, of the U. S. Virgin Islands Nine East 71st Street Corporation, of New York, NY; Financial Trust Company Inc., of the U. S. Virgin Islands; NES LLC, of New York; The Florida Science Foundation Inc., of West Palm Beach, Florida; Maple Inc., of the U. S. Virgin Islands; LSJ LLC, of Delaware; HBRK Associates Inc., of New York, NY, and JEGE Inc., of Florida, 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.