Channel Islands

Public Notice by the Guernsey Financial Services Commission regarding penalties against Chamberlain Heritage Services Limited and Deborah Anne Ellis.

Public Notice by the Guernsey Financial Services Commission regarding penalties against Chamberlain Heritage Services Limited, Christopher Henry Shaw, John Adam Robilliard, and Bruce David McNaught.

Application by Moussy Salem to take discovery from Beno Salem for use in legal proceedings in England regarding allegations that "Freddy Salem, Monline UK Limited, Salim Levy and Ezra Aghai engaged in a wrongful pattern of conduct that includes breaches of fiduciary duty, conspiracy, and fraudulent transfers", filed at the U.S. District Court for the Southern District of Florida.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £30,000 and three-year disqualification on Paul Conway for regulatory breaches.

The first version of the agenda for OffshoreAlert's 10th Annual London Conference on December 4-5 is now available. For more information about OffshoreAlert London 2023, sponsorship opportunities, and tickets, please visit www.oalondon.com.

Application by N.P.S.SF. Debt Co., S.à.r.l., of Luxembourg, to take discovery from Standard Chartered Bank, Citigroup, d.b.a. Citibank; The Bank of New York Mellon Corporation, Bank of America, N.A., JPMorgan Chase Bank, N.A., Deutsche Bank AG, Deutsche Bank Trust Company Americas, HSBC Bank, Société Générale, UniCredit Bank AG, Credit Suisse Bank N.A., UBS Group AG, Wells Fargo Bank, N.A., The Clearing House Payments Company L.L.C., Bank of China, BNP Paribas USA, Commerzbank AG, Mashreq Bank PSC, and Habib American Bank for use in legal proceedings in Germany, India, Marshall Islands, Pakistan, St. Kitts & Nevis, and United Arab Emirates regarding an alleged $36.6 million fraud by Muhammad Tahir Lakhani and Muhammad Ali Lakhani, both described as residents of Dubai, UAE, and Pakistan, and their Astir Group, filed at the U.S. District Court for the Southern District of New York.

First Amended Class Action Complaint in Michael Sizemore v. Changpeng Zhao, Binance Holdings Limited, of the Cayman Islands; BAM Trading Services Inc., of Delaware, USA; BAM Management US Holdings Inc., of Delaware, USA; Binance Holdings (IE) Limited, of Ireland; Binance (Services) Holdings Limited, of Ireland; Paxos Trust Company LLC, of New York, USA; Jimmy Butler, described as "a star basketball player for the Miami Heat", and Ben Armstrong, described as "a YouTuber with more than 1.5 million subscribers to his YouTube page", at the U.S. District Court for the Southern District of Florida.

Forfeiture Complaint regarding assets allegedly traceable to smuggling, fraud, and money laundering involving Douglas Latchford, a.k.a. Pakpong Kriangsak, who "Until his death in 2020, ... was based primarily in Thailand and the United Kingdom" in USA v. $12M in Rathbones Investment Management Portfolio Accounts in Jersey, in the Channel Islands, and 7th Century Bronze Statue Depicting the Four-Armed Goddess Durga at the U.S. District Court for the Southern District of New York.

Class Action Complaint alleging securities fraud in William Bazzelle Sr. v. NovoCure Limited, described as being domiciled in Jersey, in the Channel Islands, and managed in Switzerland; William Doyle, and Asaf Danziger at the U.S. District Court for the Southern District of New York.

Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $1.4 million on RTW Investments LP for regulatory breaches involving entities in the Cayman Islands, Guernsey, and USA.

Public Statement by the Guernsey Financial Services Commission that it has imposed a fine of £45,000 and disqualification on Trevor James Kelham, a resident of Arizona, USA, and a fine of £13,500 on Sarah Jayne Sarre for regulatory breaches.

Chapter 11 Petition by Vice Group Holding Inc., Vice Holding Inc., Vice Media LLC, Boy Who Cried Author LLC, Carrot Creative LLC, Carrot Operations LLC, Channel 271 Productions LLC, Clifford Benski Inc., Dana Made LLC, Inverness Collective LLC, JT Leroy Holding LLC, PLDM Films LLC, Project Change LLC, R29 Pride LLC, R29 Productions LLC, Refinery 29 Inc., Valvi LLC, Vice Content Development LLC, Vice Distribution LLC, Vice Europe Holding Limited, of Jersey, Channel Islands; Vice Europe Pulse Holding Limited, of Jersey, Channel Islands; Vice Food LLC, Vice Impact Inc., Vice International Holding Inc., Vice Music Publishing LLC, Vice Payroll LLC, Vice Productions LLC, Vice Project Services LLC, Villain LLC, Virtue Worldwide LLC, Visur LLC, and VTV Productions LLC, collectively part of a "a global media company that focuses on content centered around news and culture, serving a largely global youth audience", at the U.S. Bankruptcy Court for the Southern District of New York.

Public Statement by the Jersey Financial Services Commission that it has disqualified Julie Ann Harrigan from the jurisdiction's financial services industry following her criminal conviction for fraudulent conversion while working as a lawyer, for which she received a three-year prison sentence.

Fixed Date Claim Form regarding Longreach Management Group Ltd. in Castle Directors Limited, of Jersey, Channel Islands v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Petition to Confirm Arbitration Award in Du Capital Limited Company, Gamblepod SPV, Nirvana Capital Limited, of the British Virgin Islands; Noobie LLC, Winslow Strong, and Yat Chun Yu v. CashBet Alderney Ltd., Mobile Gaming Technologies Inc., Fred Hsu, Mike Reaves, and George Weinberg at the U.S. District Court for the Northern District of California.

Public Announcement by the Guernsey Financial Services Commission that it is "preparing to ask the Guernsey Court of Appeal to review legal aspects of the judgment handed down" by The Royal Court of Guernsey in Ian Charles Domaille, Ian Geoffrey Clarke, and Margaret Helen Hannis v. Guernsey Financial Services Commission.

Petition for Directions in the matter of Blue Horizon Structured Products SPC Limited (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Public Notice by the Guernsey Financial Services Commission that it has imposed fines and prohibitions on William Stephen Cairns and Du Preez Gert Vermeulen.

Originating Summons in Sakab Saudi Holding Company, Alpha Star Aviation Services Company, Enma Al Ared Real Estate Investment and Development Company, Kafa'at Business Solutions Company, Security Control Company, Armour Security Industrial Manufacturing Company, Saudi Technology & Security Comprehensive Control Company, Technology Control Company, and New Dawn Contracting Company v. New East International Limited at the Grand Court of the Cayman Islands.

Complaint "to end the Oversight Board and AAFAF’s abuse of power, and PRIDCO's inexcusable refusal to pay its debts" allegedly totaling $90.5 million in Crown Managed Accounts SPC - Crown/GT Segregated Portfolio, of the Cayman Islands; Ginkgo Tree LLC, GN3 SIP Limited, of Jersey, in the Channel Islands; GoldenTree Distressed Fund 2014 LP, of the Cayman Islands; GoldenTree Distressed Master Fund 2014 Ltd., of the Cayman Islands; GoldenTree Insurance Fund Series Interests of The Sali Multi-Series Fund LP, GoldenTree Master Fund Ltd., of the Cayman Islands; GoldenTree V1 Master Fund LP, of the Cayman Islands; GTAM 110 Designated Activity Company, of Ireland, and High Yield and Bank Loan Series Trust, of the Cayman Islands v. Puerto Rico Industrial Development Corporation, The Puerto Rico Fiscal Agency and Financial Advisory Authority, and The Financial Oversight and Management Board for Puerto Rico at the U.S. District Court for the District of Puerto Rico.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £280,000 on GFG Limited (in Voluntary Liquidation) for "the firm’s failure to meet the minimum criteria for licensing under the Protection of Investors (Bailiwick of Guernsey) Law, 2020".

Chapter 11 Petition by Quotient Limited, described as a Jersey, Channel Islands-domiciled company based in Switzerland, filed at the U.S. Bankruptcy Court for the Southern District of Texas.

Public Notice by the Guernsey Financial Services Commission that it has imposed a disqualification on Hamish Jebb Hamilton Few.

Public Statement by the Guernsey Financial Services Commission that it has imposed penalties on Crescendo Advisors International Limited and Hamish Jebb Hamilton Few.

Public Statement by the Jersey Financial Services Commission that Jersey-domiciled Evrensel Capital Partners Public Limited Company is "carrying on ... financial services business" without being authorized to do so.

Public Statement by the Jersey Financial Services Commission that it has imposed a corporate disqualification on Christopher Paul Byrne, who was sentenced to "a seven year custodial sentence" in 2018 after being "convicted of several offences relating to his conduct as a financial adviser".

Fixed Date Claim Form regarding Higro Trading Ltd. in Accuro Fiduciary Services (Jersey) Ltd. and Accuro Corporate Services (Jersey) Ltd. v. Registrar of Corporate Affairs at the British Virgin Islands High Court.

Report identifying directors and shareholders of Blockster Holdings Limited, obtained from Companies House Gibraltar on October 2nd, 2022.

News Release by the Guernsey Financial Services Commission that it has imposed a fine of £87,500 and disqualification on Geoffrey John Trebert for "his failure to meet the Minimum Criteria for Licensing".

News Release by the Guernsey Financial Services Commission that it has imposed a fine of £35,000 on corporate service provider Gary William Jason Durkin "following his failure to meet the Minimum Criteria for Licensing".

Public Statement by the Jersey Financial Services Commission that it has imposed a fine of £498,000 on Lloyds Bank Corporate Markets Plc (Jersey Branch) for regulatory breaches.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Jersey, in the Channel Islands, by Andrew Wood, as the Foreign Representative of Golden Sphinx Limited, described as a "passive investment-holding" vehicle whose ultimate beneficiaries are Alexander Sabadash, "formerly an elected Senator in Russia", his wife, Larisa Sabadash, and their two adult children and whose "principal assets" are a $45 million residence in Beverly Hills, California, and "certain debts from various parties", including Garry Itkin, described as a former director of the debtor who "engaged in fraudulent and unauthorized self-dealing actions", filed at the U.S. Bankruptcy Court for the Central District of California.

Application for Seizure Warrant in USA v. Airbus A319-100 Aircraft, which was "purchased ... through a series of shell companies and trusts" in Aruba, Belize, Cyprus, and Jersey, in the Channel Islands involving accounts in England, Isle of Man, Switzerland, and USA and in which "an interest" is allegedly held by Andrei Skoch, described as "a member of Russia's State Duma" since 1999 and "a Deputy of the Duma", filed at the U.S. District Court for the Southern District of New York.

Application by FourWorld Event Opportunities LP, of New york, and Genesis Emerging Markets Investment Company, of Guernsey, in the Channel Islands, to take discovery from Fenwick & West LLP and Morrow Sodali International LLC for use in legal proceedings in the Cayman Islands regarding "the fair value of the shares of the company 58.com", described as "China’s largest online classifieds business", filed at the U.S. District Court for the Southern District of New York.

Public Notice by the Guernsey Financial Services Commission that Matthew Wright and Andrew Duncan, both of Leonard Curtis CI Limited, have been appointed as Joint Administration Managers of ITI Trade Limited.

Public Notice by the Guernsey Financial Services Commission that it intends to apply to the Royal Court for an "administration management order" regarding ITI Trade Limited.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £450,000 on Artemis Trustees Limited for "their failure to meet the minimum criteria for licensing".

Public Statement by the Jersey Financial Services Commission that it has imposed a fine of £803,661 on IQ EQ (Jersey) Limited, formerly known as First Names (Jersey) Limited, for regulatory breaches.

Letter from Bruce McNaught requesting the removal of details of regulatory penalties imposed on him by the Guernsey Financial Services Commission on the basis that they have "expired".

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €11,000 on Bourse Pension Administrators (Malta) Limited.

U.S. funder Therium Litigation Finance has applied to wind up Ron Wahid's Cayman Islands firm Magellan Asset Finance for alleged failure to repay $8 million it borrowed to fund a lawsuit in Jersey by British designer Tatiana Golovina against Moscow-based Rusal, an aluminum producer founded by Russian oligarch Oleg Deripaska.

Winding Up Petition in Therium Litigation Finance Atlas P LLC, of Delaware v. Magellan Asset Finance Ltd., of the Cayman Islands, at the Grand Court of the Cayman Islands.

Complaint "to collect unpaid federal civil penalty assessments and interest" from a "sophisticated taxpayer" who "established a maze of offshore entities to conceal his beneficial ownership of entities and foreign financial accounts holding millions of dollars", including those in the Bahamas, Guernsey, and Nevis, in USA v. Raymond Galliani, of Moraga, California, at the U.S. District Court for the Northern District of California.

A federal court in New York has authorized the United States Government to seize two U.S. manufactured airplanes worth an estimated $410 million allegedly owned by Russian oligarch Roman Abramovich via "shell companies" in the British Virgin Islands, Cyprus, and Jersey.

Seizure Application for two airplanes worth $410 million allegedly beneficially owned by Roman Abramovich, a citizen of Russia, "through a series of shell companies" in the British Virgin Islands, Cyprus, and Jersey, in the Channel Islands, in USA v. Boeing 787-8 Dreamliner Aircraft and Gulfstream G650ER Aircraft at the U.S. District Court for the Southern District of New York.

Summons With Notice alleging professional negligence and willful misconduct in Hunnewell Partners (BVI) Ltd., of the British Virgin Islands v. Deloitte Transactions and Business Analytics LLP at the Supreme Court of the State of New York, County of New York.

News Release by the Guernsey Financial Services Commission that it has successfully applied for the administration of VTBC Asset Management International Limited "in order to protect the interests of investors and the reputation of the Bailiwick as a financial centre given the ongoing impact of sanctions resulting from the Russo-Ukrainian war".

Sentencing for money laundering in The Attorney General of Jersey, in the Channel Islands v. Muhiddin Umurzokov, of Uzbekistan; Anvarjon Eshonkulov, of Uzbekistan, and Batsukh Bataa, of Mongolia, at the Royal Court of Jersey.

Complaint alleging securities fraud involving individuals and entities in or from Belize, Bulgaria, Canada, Cayman Islands, Chile, Cyprus, Germany, Hong Kong, Hungary, Italy, Jersey, in the Channel Islands; Liechtenstein, Monaco, Singapore, Spain, Switzerland, United Kingdom, and USA in U. S. Securities and Exchange Commission v. Ronald Bauer, Craig James Auringer, Alon Friedlander, Massimilano Pozzoni, Daniel Mark Ferris, Petar Dmitrov Mihaylov, David Sidoo, and Adam Christopher Kambeitz at the U. S. District Court for the Southern District of New York.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €750 on Trireme Pension Services (Malta) Limited for a regulatory breach.