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HES (Caribbean) International Holdings SRL v. Northern Trust International Banking Corp.: Discovery Application

January 15, 2020 - Application by HES (Caribbean) International Holdings SRL, of Barbados, to take discovery from The Northern Trust International Banking Corporation regarding Henrique Rodriguez Guillén, a citizen of Venezuela, for use in "contemplated civil and criminal proceedings in the Dominican Republic and Barbados", filed at the U. S. District Court for the District of New Jersey.

Commodities & Minerals Enterprise Ltd. v. CVG Ferrominera Orinoco, CA: Petition

December 19, 2019 - Petition to Confirm Arbitration Award for $188 million in Commodities & Minerals Enterprise Ltd., of the British Virgin Islands v. CVG Ferrominera Orinoco, CA, of Venezuela, at the U. S. District Court for the Southern District of Florida.

Contrarian Capital Management LLC et al v. Venezuela: Complaint

November 29, 2019 - Complaint alleging bonds default in Contrarian Capital Management LLC, of Delaware; Contrarian Capital Fund I, LP, of Delaware; Contrarian Dome du Gouter Master Fund, LP, of Canada; Contrarian Capital Senior Secured, LP, of Delaware; Contrarian EM II, LP, of Connecticut; Contrarian Emerging Markets, LP, of Connecticut; Boston Patriot Summer St LLC, of Massachusetts; Polonius Holdings, LLC, of Delaware, and E1 SP, a Segregated Account of EMAP SPC, of the Cayman Islands v. Bolivarian Republic of Venezuela at the U. S. District Court for the Southern District of New York.

USA v. Bruce Bagley: Criminal Indictment

November 18, 2019 - Criminal Indictment for alleged money laundering regarding "proceeds of a Venezuelan bribery and corruption scheme" involving bank accounts in Switzerland and the United Arab Emirates in USA v. Bruce Bagley, a University of Miami professor and author of a book called 'Drug Trafficking, Organized Crime, and Violence in the Americas Today', at the U. S. District Court for the Southern District of New York.

Inversiones Lugon 48 v. Equinor US Operations LLC et al: Discovery Application

November 07, 2019 - Application by Inversiones Lugon 48, of Venezuela, to take discovery from Equinor US Operations LLC, described as Texas-based subsidiary of "a publicly traded Norwegian corporation"; Miguel Strauss, and Carlos Izquierdo for use in legal proceedings in Venezuela, filed at the U. S. District Court for the Southern District of Texas.

Petróleos de Venezuela SA et al v. MUFG Union Bank NA et al: Complaint

October 29, 2019 - Complaint in Petroleos de Venezuela SA, of Venezuela; PDVSA Petróleo SA, of Venezuela, and PDV Holding Inc., of Delaware v. MUFG Union Bank NA, of California, and GLAS Americas LLC, described as a New York company based in England, at the U. S. District Court for the Southern District of New York.

Inmobiliaria Tova SA et al v. Revlon Consumer Products Corporation: Discovery Application

September 26, 2019 - Application by Inmobiliaria Tova SA and Mini Depositos Denpar to take discovery from Revlon Consumer Products Corporation, of Delaware, for use in legal proceedings in Venezuela against Revlon Overseas Corporation, CA, filed at the U. S. District Court for the Middle District of Florida.

Ocean Business Ltd.: Restoration Application

September 18, 2019 - Originating Application in the matter of Ocean Business Ltd. at the Grand Court of the Cayman Islands.

Alquimia Holdings Ltd.: Restoration Application

September 18, 2019 - Originating Application in the matter of Alquimia Holdings Ltd. at the Grand Court of the Cayman Islands.

Tradiverse Corporation v. Luzar Trading SA: Petition

September 17, 2019 - Petition to Stay and Vacate Emergency Interim Arbitration Award in Tradiverse Corporation, of New York v. Luzar Trading SA, of Venezuela, 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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EXPOSED: Symtomax Group's fraudulent €12M Bond Offering
A €12 million bond offering by British nationals Minette Coetzee, a.k.a. Minette Compson, and Paul Segal via their Symtomax Group for a purported medical cannabis production facility in Portugal is fraudulent, OffshoreAlert can reveal. The scheme involves entities and individuals in the BVI, Canada, Dubai, England, Gibraltar, Morocco, Netherlands, Panama, Portugal, Scotland, Spain, South Africa, and Switzerland.
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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.