Bermuda

Complaint for $203 million alleging breach of contract regarding a "proxy revenue swap transaction" in Allianz Risk Transfer (Bermuda) Ltd., of Bermuda v. High Lonesome Wind Power LLC, of Delaware, described as "an indirect subsidiary of Enel SpA, a global energy conglomerate with a reported market capitalization in excess of $65 billion", at the Supreme Court of the State of New York, County of New York.

Petition to Confirm Foreign Arbitration Award of $2.4 billion in Crescent Petroleum Company International Limited, described as a Bermuda-domiciled, United Arab Emirates-based "private oil and gas exploration and production company operating in the Middle East", and Crescent Gas Corporation Limited, of the British Virgin Islands v. National Iranian Oil Company, of Tehran, Iran, at the U.S. District Court for the District of Columbia.

In a judgment at Bermuda Supreme Court, Australian barrister Evatt Tamine has been ordered to repay nearly $30 million that he allegedly misappropriated from a Bermuda trust he administered on behalf of U.S. businessman Robert Brockman, who was criminally indicted at federal court in California in 2020 for an alleged $2 billion offshore tax fraud scheme.

Judgment awarding $16.8 million, $5.395 million, and £5 million against the defendants in BCT Limited, a Cayman Islands subsidiary of Maples Group, as Trustee of the A. Eugene Brockman Charitable Trust, and Spanish Steps Holdings Limited, of the British Virgin Islands v. Evatt Tamine, an Australian barrister, and Tangarra Consultants Limited, of Bermuda, at Bermuda Supreme Court.

Application by Invictus Global Management LLC to take discovery from Apollo Global Management LLC and Marc Rowan for legal proceedings at Bermuda Supreme Court regarding "the fair value of the shares of Athene Holdings Ltd. previously held by Petitioner", filed at the U.S. District Court for the Southern District of New York.

Consent Order imposing a civil penalty of $10 million on Samuel Reed regarding the operation of the BitMEX cryptocurrency trading platform in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong; HDR Global Services (Bermuda) Limited, of Bermuda, all d.b.a. BitMEX; Arthur Hayes, described as a citizen of the United States residing in Hong Kong; Ben Peter Delo, described as a citizen of the United Kingdom residing in Hong Kong, and Samuel Reed, described as a U.S. citizen who resided in Milwaukee, WI, and Boston, MA, during the relevant period, at the U. S. District Court for the Southern District of New York.

Consent Order imposing a civil penalty of $10 million on Benjamin Delo regarding the operation of the BitMEX cryptocurrency trading platform in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong; HDR Global Services (Bermuda) Limited, of Bermuda, all d.b.a. BitMEX; Arthur Hayes, described as a citizen of the United States residing in Hong Kong; Ben Peter Delo, described as a citizen of the United Kingdom residing in Hong Kong, and Samuel Reed, described as a U.S. citizen who resided in Milwaukee, WI, and Boston, MA, during the relevant period, at the U. S. District Court for the Southern District of New York.

Consent Order imposing a civil penalty of $10 million on Arthur Hayes regarding the operation of the BitMEX cryptocurrency trading platform in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong; HDR Global Services (Bermuda) Limited, of Bermuda, all d.b.a. BitMEX; Arthur Hayes, described as a citizen of the United States residing in Hong Kong; Ben Peter Delo, described as a citizen of the United Kingdom residing in Hong Kong, and Samuel Reed, described as a U.S. citizen who resided in Milwaukee, WI, and Boston, MA, during the relevant period, at the U. S. District Court for the Southern District of New York.

Public Notice by the Luxembourg CSSF that it has imposed a reprimand on European Depositary Bank S.A. "following the violation by the Bank of the CSSF's temporary prohibition of 5 March 2021 on the onboarding of new investment fund structures due to severe deficiencies in its organisation and governance".

The Conyers legal and corporate services group, which is one of the offshore industry's biggest professional service providers, has been fined $2.1 million by the Bermuda Monetary Authority for failure to comply with anti-money laundering regulations and legal "obligations".

Press Release by the Bermuda Monetary Authority that it has imposed penalties totaling $981,000 on Conyers Corporate Services (Bermuda) Limited for regulatory breaches.

Press Release by the Bermuda Monetary Authority that it has imposed penalties totaling $1,118,500 on Conyers Corporate Services (Bermuda) Limited for regulatory breaches.

Complaint in Celadon Holdings LLC, "whose sole member is Celadon Partners Group LLC, whose sole member is Luminus Energy Partners Master Fund, Ltd., which is a corporation organized under the laws of Bermuda with its principal place of business in New York and Texas" v. Jaguar Transportation Inc., of Delaware, at the U. S. District Court for the District of Delaware.

In an attempt to prevent the IRS from seizing assets in the United States, liquidators in Bermuda and the Cayman Islands have applied for U.S. recognition of their liquidation of a Bermuda company - Point Investments Ltd. - that was allegedly part of a $2 billion offshore tax fraud scheme involving billionaire Robert Brockman, 80.

Judgment in Bidzina Ivanishvili, described as "a successful businessman and former Prime Minister of Georgia"; Ekaterine Khvedelidze, Tsotne Ivanishvili, Gvantsa Ivanishvili, Bera Ivanishvili, Meadowstreet Assets Limited, and Sandcay Investments Limited v. Credit Suisse Life (Bermuda) Limited at Bermuda Supreme Court.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Andrew Childe, Richard Lewis, and Matthew Clingerman, as the Foreign Representatives of Point Investments Ltd., a Bermuda company whose ultimate beneficiaries include Robert Brockman, a businessman in the United States who is currently awaiting trial for an alleged $2 billion tax fraud scheme involving Point Investments and other entities in Bermuda, British Virgin Islands, Cayman Islands, Nevis, and Switzerland, filed at the U. S. Bankruptcy Court for the District of Delaware.

Generally Indorsed Writ of Summons in SiriusPoint Limited, of Bermuda v. Allied World Assurance Company (Europe) DAC, of Ireland; SI Insurance (Europe) SA, of Luxembourg; Endurance Worldwide Insurance Limited, of England; All Members of Lloyd's Syndicate No. 9375, All Members of Lloyd's Syndicate No. 457, Great Lakes Insurance SE, of Germany; All Members of Lloyd's Syndicate No. Act 19 9554, All Members of Liberty Syndicate No. 4472, All Members of Syndicates Comprising Consortium No. 9562 at Lloyd's, known as Barbican Financial & Professional Lines; All Members of Pembroke Syndicate No. 4000, XL Specialty Insurance Company, of Canada, All Members of Lloyd's Syndicate No. HDU 382, Starr Underwriting Agents Limited, of England; All Members of Lloyd's Syndicate No. Act 9418, and Canopius Managing Agents Limited, of England, at Bermuda Supreme Court.

Complaint alleging fraud in Michael Gabriele, of Pennsylvania; David Rocke, of Bermuda, and Leafy Lane Limited, of the British Virgin Islands v. Enigma-Bulwark Ltd., Enigma-Bulwark Risk Management Inc., Edward W. Withrow III, and Calli Bucci at the U. S. District Court for the Central District of California.

Complaint alleging fraud in Lexington Settlements Ltd. and Ocorian Services Bermuda Limited, as Trustee of Lexington Trust 100603, both of Bermuda v. Nationwide Life Insurance Company at the U. S. District Court for the Southern District of Ohio.

Judgment allowing an appeal that challenged a production order obtained under the International Cooperation (Tax Information Exchange Agreements) Act 2005 to disclose information for a tax investigation by the "Indian Tax Authorities" in Reliance Globalcom Limited, whose ultimate beneficial owners were identified as Mukesh Ambani and Anil Ambani v. The Minister of Finance at Bermuda Court of Appeal.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the United Kingdom by Philip Watkins, as the Foreign Representative of Gooee LLC, whose ultimate parent was identified as Bermuda-domiciled Gooee Group Holdings Limited, filed at the U. S. Bankruptcy Court for the Middle District of Florida.

Complaint in Conyers Dill & Pearman, a Bermuda law firm v. Velocity Ledger Technology Inc. at the Supreme Court of the State of New York, County of Kings.

Director Details for IDOL Holdings Company Limited, obtained from the Cayman Islands General Registry on February 4th, 2022.

Twenty five years after OffshoreAlert exposed an estimated $1 billion fraud he oversaw with Goldman Sachs, 64-year-old British insurance boss Mark Cooke has been banned from Bermuda's insurance industry for his conduct regarding subsequent businesses whose owners have included entities in the British Virgin Islands, Cayman Islands, England, Guernsey, and USA.

Bermuda law firm Conyers Dill & Pearman is suing a now-defunct Bermuda-domiciled crypto client, Velocity Ledger Holdings Ltd., in New York for an alleged debt of $42,000.

Press Release by the Bermuda Monetary Authority that it has disqualified Nicholas Mark Cooke, a citizen of the United Kingdom, after concluding he was "not a fit and proper person to perform any functions in relation to regulated activity under the Insurance Act".

Press Release by the Bermuda Monetary Authority that it has "cancelled the insurance registration of Signify Insurance Ltd., a Class 1 insurer, for breaches of the Insurance Act 1978".

Complaint "to invalidate all actions taken at the purported Board meeting convened without notice to Barbey and in his absence on September 17, 2021i" n Kellogg 'Kelly' Barbey, of Bermuda, and The Bermuda Hesed Foundation, a Bermuda Trust whose Trustee is Swiss Fidelity Trust Company Limited v. Cerego Inc., described as a Delaware company that is "in the business of education software and touts itself as being an innovative adaptive personal memory management learning technology platform based on principles of neuroscience and cognitive science", at the Court of Chancery of the State of Delaware.

Winding Up Petition for insolvency in the matter of Dream Cruises Holding Limited, which was described as "the ultimate holding company of a number of subsidiaries incorporated in, among others, Bermuda, the British Virgin Islands, the Isle of Man and Hong Kong", at Bermuda Supreme Court.

Redacted Ruling denying the defendant's application for an order to discharge an ex parte order regarding "articles and hyperlinks to documents in the articles as published on the RG Online" involving Robert Brockman, described as "a US national who is presently under indictment in the United States for charges of tax fraud", in Evatt Anthony Tamine, an Australian lawyer v. Bermuda Press (Holdings) Ltd., publisher of The Royal Gazette daily newspaper in Bermuda, at Bermuda Supreme Court.

Class Action Complaint in John Paul O'Brien v. Paysafe Limited, f.k.a. Foley Trasimene Acquisition Corp. II, of Bermuda; William P. Foley II, Richard N. Massey, Bryan D. Coy, Philip McHugh, and Ismail Dawood at the U. S. District Court for the Southern District of New York.

Notice of Removal, including a copy of the complaint in which "Ally seeks coverage under excess bankers professional liability insurance policies issued by Defendants for a settlement under which Ally agreed to pay $87,500,000 and forgive $700 million in loan debt", by U.S. Specialty Insurance Company in Ally Financial Inc. v. U.S. Specialty Insurance Company, Illinois National Insurance Company, and Markel Bermuda Ltd., of Bermuda, at the U. S. District Court for the District of Delaware.

Chapter 11 Petition by Seadrill New Finance Limited, of Bermuda; Seadrill Mobile Units UK Limited, of England; Seadrill SKR Holdco Limited, of Bermuda; Seadrill JU Newco Bermuda Limited, of Bermuda; Seadrill Partners LLC Holdco Limited, of Bermuda; Seadrill Member LLC, of Bermuda; Seadrill Seadragon UK Limited, of England; Seadrill SeaMex 2 de Mexico S. de R.L. de C.V., of Mexico; Seabras SP UK Limited, of England; Sevan Drilling Rig VI AS, of Norway; Sevan Drilling Rig VI Pte. Ltd., of Singapore, and Seadrill SeaMex SC Holdco Limited, of Bermuda, at the U. S. Bankruptcy Court for the Southern District of Texas.

Complaint alleging fraud involving "a $725 million term loan facility" by entities in Bermuda, British Virgin Islands, Canada, Cayman Islands, Ireland, and USA in Deutsche Bank Securities Inc. v. 683 Capital Partners LP, Candlewood Investment Group LP, Candlewood Financial Opportunities Fund LLC, Candlewood Financial Opportunities Master Fund LP, Candlewood Special Situations Master Fund Ltd., CWD OC 522 Master Fund Ltd., Flagler Master Fund SPC Ltd., Corbin Capital Partners LP, Corbin Opportunity Fund LP, Fifth Street Station LLC, Highbridge Capital Management LLC, Highbridge International LLC, Highbridge Tactical Credit & Convertibles Master Fund LP, Lincoln Square Funding ULC, Tennenbaum Capital Partners LLC, Tennenbaum Heartland Co-Invest LP, Tennenbaum Senior Loan Fund II LP, Tennenbaum Senior Loan Fund V LLC, Tennenbaum Special Situations Fund IX LLC, Tennenbaum Special Situations Fund IX-C LP, Tennenbaum Special Situations Fund IX-O LP, Apollo Global Management Inc., Apollo Global Management Inc., Apollo Capital Management LP, Apollo A-N Credit Fund (Delaware) LP, Apollo Credit Strategies Master Fund Ltd., Baldr Mason Fund Inc., BlackRock Financial Management Inc., Cadbury Hedge Fund Alternatives, K Special Opportunity Fund LP, Sainsbury's Credit Opportunities Fund Ltd., Investment Partners IV (A) LLC, BMO Funds, Inc. - BMO Alternative Strategies Fund, Cavello Bay Reinsurance Limited, Cerberus Capital Management LP, Cerberus Institutional Partners VI LP, Commonwealth of Pennsylvania Treasury Department, Commonwealth of Pennsylvania Treasury Department - Tuition Account Program, Cyrus Capital Partners LP, Crescent 1 LP, Canary SC Master Fund LP, CRS Master Fund LP, Cyrus Capital Fund Partners, Cyrus Opportunities Master Fund Ltd., Cyrus Opportunities Master Fund II, Cyrus Select Opportunities Master Fund Ltd., Elliott Investment Management LP, Elliott Associates LP, Elliott Capital Advisors LP, Manchester Securities Corp., Empyrean Capital Partners LP, Empyrean Investments LLC, Fort George Investments, LLC, Greenlight Capital LP, Greenlight Capital (Gold) LP, Greenlight Capital Qualified LP, Greenlight Capital Offshore Master (Gold) Ltd., Greenlight Capital Offshore Partners, Greenlight Reinsurance Ltd., JMB Capital Partners Master Fund LP, Kaiser Permanente Group Trust, KTRS Credit Fund LP, Luxor Capital Group, Luxor Capital LLC, Mangrove Partners, The Mangrove Partners Master Fund Ltd., Marathon Asset Management LP, Marathon Court Square LP, Marathon Credit Dislocation Fund LP, Marathon Special Opportunities Master Fund Ltd., Marathon Liquid Credit Long Short Fund, Marblegate Asset Management LLC, Marblegate Special Opportunities Master Fund LP, P Marblegate Ltd., Neuberger Berman Investment Funds Plc, Neuberger Berman Advisers Management Trust - Absolute Return Multi-Manager Portfolio; Neuberger Berman Alternative Funds - Neuberger Berman Absolute Return Multi-Manager Fund; Penteli Master Fund Ltd., Privilege Underwriters Reciprocal Exchange, PURE Insurance Company, Sound Point Capital Management LP, Sound Point Beacon Master Fund LP, Sound Point Credit Opportunities Master Fund LP, Sound Point Montauk Fund LP, Sound Point Senior Floating Rate Master Fund LP, Sound Point Floating Rate Fund, A series of Taylor Insurance Series LP; and Relative Value–Long/Short Debt, A Series of Underlying Funds Trust at the Supreme Court of the State of New York, County of New York.

Generally Endorsed Writ of Summons alleging breach of fiduciary duty, breach of trust, fraudulent disposal of trust property by trustee, dishonest appropriation of property, and conspiracy to defraud in Geoffrey Lynn Randall Willcocks v. Joseph E. Wakefield, a lawyer, and Wakefield Quin Limited, a law firm, at Bermuda Supreme Court.

Complaint in Conyers Dill & Pearson [sic], of Bermuda, which appears to be a mis-identification of Conyers Dill & Pearman law firm v. Velocity Ledger Holdings Ltd. at the Supreme Court of the State of New York, County of Kings.

Judgment for $10.2 million in favor of Butterfield Bank in Art Capital Bermuda Ltd., of Bermuda; BlueFin Servicing Ltd., of Bermuda; Modern Art Services LLC, of Delaware, and Ian S. Peck, of New York v. The Bank of N.T. Butterfield & Son Limited, of Bermuda, at the Supreme Court of the State of New York, County of New York.

Forfeiture Complaint in USA v. 3879.16242937 Bitcoin that are allegedly the proceeds of a $154 million alleged fraud by Rei Ishii, described as "a dual national of the United States and Japan" and "a former employee of Sony Life Insurance Company Ltd.", involving accounts in Bermuda, Japan and the USA, filed at the U. S. District Court for the Southern District of California.

Petition in the matter of at Lord & Trimm Enterprizes Ltd. at Bermuda Supreme Court.

Class Action Complaint alleging fraud in Lisa Wiley v. Paysafe Limited, f.k.a. Foley Trasimene Acquisition Corp. II, described as a Bermuda-based provider of "digital commerce solutions" whose shares are listed on the New York Stock Exchange; Richard N. Massey, Bryan D. Coy, Philip McHugh, and Ismail (Izzy) Dawood at the U. S. District Court for the Southern District of New York.

Originating Summons in the matter of West African Gas Pipeline Company Limited at Bermuda Supreme Court.

Petition in the mater of Snow Leopard Resources Ltd. at Bermuda Supreme Court.

Complaint "to recover damages from Belisle for its losses of nearly $20 million arising out of its June 2017 investment in the Limited Diversified Arbitrage Fund, a fund managed by Markel CATCo Investment Management Limited, which employed Belisle as its Chief Executive Officer" alleging fraud involving a Bermuda entity in HWH Realty Holdings LLC v. Anthony Belisle at the U. S. District Court for the Middle District of Florida.

Complaint in Ally Financial Inc. v. U.S. Specialty Insurance Company, Illinois National Insurance Company, and Markel Bermuda Ltd. at the Superior Court of the State of Delaware.

Complaint "to recover significant investment losses suffered as a result of securities fraud perpetrated by Defendants" in Orbis Global Equity LE Fund, of Australia; Orbis Global Equity Fund, of Australia; Orbis Global Balanced Fund, of Australia; Orbis SICAV, of Luxembourg; Orbis Institutional Funds Limited, of Bermuda; Orbis Global Equity Fund Limited, of Bermuda; Orbis Institutional Global Equity LP, of Delaware, and Orbis OEIC, of England and Wales v. Vale SA, described as "an international mining company based in Brazil"; Murilo Ferreira, Fabio Schvartsman, Luciano Siani Pires, Gerd Peter Poppinga, and Luiz Eduardo Froes do Amaral Osorio at the U. S. District Court for the Eastern District of New York.

In a legal action in which he is seeking $395 million in damages for an alleged fraud involving a cryptocurrency scheme, Canadian Troy Hogg claims two Americans "misappropriated" $250,000 he gave them in 2019 to try to obtain a bank license in Bermuda, OffshoreAlert can reveal.

Complaint alleging "a straightforward fraud in which Defendants misled investors about Symantec's financial performance and accounting practices" in Orbis Global Equity Fund Limited, of Bermuda; Orbis Global Equity Fund, of Australia; Orbis Institutional Funds Limited, of Bermuda; Orbis Global Equity LE Fund, of Australia; Orbis Institutional Global Equity LP, of Bermuda; Orbis SICAV, of Luxembourg; Orbis Optimal SA Fund Limited, of Bermuda; Orbis Institutional US Equity LP, of Bermuda; Orbis OEIC, of England; Orbis Optimal Global Equity LP, of Bermuda; Allan Gray Australia Balanced Fund, of Australia, and Orbis Global Balanced Fund, of Australia, all managed by Orbis Investment Management Limited, of Bermuda v. NortonLifelock Inc., f.k.a. Symantec Corporation; Gregory S. Clark; Nicholas R. Noviello, and Mark S. Garfield at the U. S. District Court for the District of Arizona.

Summons With Notice for damages of $395 million alleging fraud and misappropriation regarding a cryptocurrency scheme in Troy James Hogg, a citizen of Canada, individually, and Leila Holdings Ltd., of Bermuda, derivatively on behalf of Arbitrade Ltd., also of Bermuda v. Stephen Lance Braverman, Kent Mason Swig, Dignity Mining Group LLC, Charles Hamlin Woodworth, Daniel Francis Sweet, Coinmint LLC, of Puerto Rico; Prieur Leary, Hayden Gill, Max Warren Barber, William Richard Saunders, Shaun L. Heseltine, ABCOR International Ltd., of Belize; Scotia International of Nevada Inc., of Utah; SION Trading FZE, of the United Arab Emirates; Jeffrey Muller, Victor George Webb, G4S Cash Services LLC, of the United Arab Emirates; Peter Walters, Kaled Swlaiman Salem Bokhem, Silver Estate Management Ltd., of Wyoming; E. Warren Goss, and Impact Partners, of New York, at the Supreme Court of the State of New York, County of New York.

Judgment setting out the Court's reasons for the appointment of Joint Provisional Liquidators for Point Investments Ltd. in Spanish Steps Holdings Ltd., described as being "ultimately wholly owned by the trustee of the A. Eugene Brockman Charitable Trust v. Point Investments Ltd., described as a Bermuda company that began life in the British Virgin Islands and has assets of $1.8 billion, "the vast majority of which are represented by investments in Cayman Islands funds", at Bermuda Supreme Court.

Bermuda-domiciled Shipowners Insurance and Guaranty Company Ltd., from which the U.S. Department of Justice has demanded $4.4 million in damages for the grounding of an oil tanker, is seeking to recover the amount, plus $1.2 million in fees and expenses, from a shipping firm - Margara Shipping Ltd. - that was struck off the Cayman Islands Companies Register nearly 10 years ago.