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

UNITED KINGDOM

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Seadrill Polaris Ltd. et al: Chapter 11 Petition

December 01, 2020 - Chapter 11 Bankruptcy Petition by Seadrill Polaris Ltd., of Bermuda; Seadrill Partners LLC, of England; Seadrill OPCO Sub LLC, of England; Seabras Rig Holdco Kft., of Hungary; Seadrill Operating GP LLC, of England; Seadrill Auriga Hungary Kft., of Hungary; Seadrill Operating LP, of the Marshall Islands; Seadrill Canada Ltd., of Canada; Seadrill Partners B.V., of the Netherlands; Seadrill Capricorn Holdings LLC, of the Marshall Islands; Seadrill Partners Finco LLC, of England; Seadrill China Operations Ltd., of Luxembourg; Seadrill Partners Malaysia Sdn. Bhd., of Malaysia; Seadrill Deepwater Drillship Ltd., of England; Seadrill Partners Operating LLC, of the Marshall Islands; Seadrill Ghana Operations Ltd., of England; Seadrill Mobile Units (Nigeria) Ltd., of Nigeria; Seadrill T-15 Ltd., of Bermuda; Seadrill Gulf Operations Auriga LLC, of England; Seadrill T-16 Ltd., of Bermuda; Seadrill Gulf Operations Sirius LLC, of England; Seadrill Texas LLC, of England; Seadrill Gulf Operations Vela LLC, of England; Seadrill US Gulf LLC, of England; Seadrill Hungary Kft., of Hungary; Seadrill Vela Hungary Kft., of Hungary; Seadrill International Ltd., of England; Seadrill Vencedor Ltd., of Bermuda, and Seadrill Leo Ltd., of England, at the U. S. Bankruptcy Court for the Southern District of Texas.

Jerome Wilson-Chalkley v. BitMEX et al: Complaint

November 30, 2020 - Complaint alleging fraud involving cryptocurrency in Jerome Wilson-Chalkley, of London, England v. HDR Global Trading Limited, a.k.a. BitMEX, described as a Seychelles-domiciled "cryptocurrency/derivatives exchange"; ABS Global Trading Limited, of San Francisco, California, and Arthur Hayes at the Superior Court of the State of California, County of San Francisco.

David Neil Gerrard et al v. ENRC et al: Judgment on Strike-Out Applications

November 27, 2020 - Judgment on Strike-Out Applications in David Neil Gerrard and Elizabeth Ann Gerrard v. Eurasian Natural Resources Corporation Limited and Diligence International LLC at the High Court of Justice, in London.

Ramona Ang v. Reliantco Investments Ltd.: Judgment

November 27, 2020 - Approved Judgment regarding the termination of an account that was used to invest in Bitcoin futures in Ramona Ang, who is "married to Dr Craig Wright, a specialist computer scientist and researcher with cybersecurity and blockchain expertise, who claims to be the or a principal inventor of Bitcoin" v. Reliantco Investments Ltd., of Cyprus, at the High Court of Justice, in London.

TFS-ICAP Ltd.: £3M Fine

November 23, 2020 - Press Release by the United Kingdom's Financial Conduct Authority announcing it has imposed a fine of £3.44 million on TFS-ICAP Ltd., described as "an FX options broker", for "market misconduct".

Cayman crypto exchange Binance sues Forbes for defamation

November 19, 2020 - Cayman Islands-domiciled cryptocurrency exchange Binance Holdings is suing U.S.-based news provider Forbes and two of its reporters for defamation over a recent article headlined "Leaked 'Tai Chi' Document Reveals Binance's Elaborate Scheme To Evade Bitcoin Regulators".

Swissport Fuelling Ltd.: Chapter 15 Petition (November 2020)

November 17, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Chris Mallon, as the Foreign Representative of Swissport Fuelling Ltd., described as "the world’s leading independent provider of ground and cargo handling services to the aviation industry", at the U. S. Bankruptcy Court for the District of Delaware.

Bitstamp Ltd.: $15K Fine

November 13, 2020 - Stipulation and Consent Order regarding the State of Vermont Department of Financial Regulation and Bitstamp Ltd., described as a provider of "online virtual currency services", based in England,

Bitstamp Ltd. v. Bank of America Corp. et al: Discovery Application

November 13, 2020 - Application by Bitstamp Ltd., a cryptocurrency exchange domiciled in England and part of a group that is based in England, Luxembourg, and Slovenia, to take discovery from The Bank of America Corporation and Citibank N.A. for use in legal proceedings in Denmark "against CNG Processing ApS", described as a payment processor whose "owner" is Gert Funk, filed at the U. S.District Court for the Southern District of New York.

Agam Jain v. Muuvment Ltd.: Writ

November 06, 2020 - Specially Endorsed Writ in Agam Jain, of Oxford, England, described as a "founding shareholder" and former officer and director of the Defendant v. Muuvment Ltd. at Bermuda Supreme Court.

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

BAHAMAS  
BERMUDA  
BRITISH VIRGIN ISLANDS  
CAYMAN ISLANDS  
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.