China

Portugal: Wells Fargo Bank (‘Malicious Software Fraud’)

Application for the appointment of a Commissioner to collect evidence from Wells Fargo Bank - pursuant to a request for judicial assistance from Portugal - for a criminal investigation into an "unknown subject" for suspected fraud.

E-House (China) Enterprise Holdings Ltd.: ‘Scheme of Arrangement’ Petition

Petition for the Court's sanction of a Scheme of Arrangement in the matter of E-House (China) Enterprise Holdings Limited, described as "the ultimate holding company of a group of more than 300 companies that primarily carries on the business of real estate agency services, real estate data and consulting services and real estate brokerage network services in the People's Republic of China", at the Grand Court of the Cayman Islands.

Changpeng Zhao v. Bloomberg LP et al: Discovery Application (Hong Kong Defamation Lawsuit)

Application by Changpeng Zhao to take discovery from Bloomberg LP and Bloomberg Inc. for use in a defamation complaint in Hong Kong against Modern Media Company Limited, of Hong Kong, regarding an article that allegedly "contained false, malicious and defamatory statements about Zhao and his company, Binance Holdings Limited", a cryptocurrency exchange operator that is domiciled in the Cayman Islands, filed at the U.S. District Court for the Southern District of New York.

Xiongjian Chen v. Peter Wang et al: Complaint

Complaint alleging breach of contract and fraud in Xiongjian Chen, of Shanghai, China v. Peter Zuguang Wang, Cenntro Automotive Group Limited, of the Cayman Islands; Cenntro Enterprise Limited, of Hong Kong, and Cenntro Electric Group Limited, f.k.a. Naked Brand Group Limited, of Australia, at the U.S. District Court for the District of New Jersey.

FourWorld Event Opportunities LP et al v. Fenwick & West LLP et al: Discovery Application (Cayman Islands Proceedings)

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.

405 ACM Ltd. et al v. 51job Inc.: ‘Fair Value’ Petition

Petition to determine the fair value of shares in 51job Inc., described as "a leading provider of integrated human resource services in The People's Republic of China" in 405 ACM Ltd., 405 ACM Global Opportunities Fund, Alpine Partners (BVI) L.P., Athos Asia Event Driven Master Fund, BMSF Sub LP, Boothbay Absolute Return Strategies LP, Boothbay Diversified Alpha Master Fund LP, Church Murray Fund LLC, Corbin ERISA Opportunity Fund Ltd., FMAP AGL Limited, FourWorld Event Opportunities LP, FourWorld Special Opportunities Fund LLC, FourWorld Global Opportunities Fund Ltd., FourWorld Global Strategic Opportunities Fund I LLC, FW Deep Value Opportunities Fund I LLC, Integrated Core Strategies (US) LLC, KL Special Opportunities Master Fund Ltd., Palliser Capital Master Fund Ltd., Pinehurst Partners L.P., Quadre Investments L.P., and QVT Family Office Fund LP at the Grand Court of the Cayman Islands.

51job Inc.: ‘Fair Value’ Petition

Petition to determine the fair value of shares held by "dissenting shareholders" in the Cayman Islands, England, and the USA, in the matter of 51job Inc., described as "a leading provider of integrated human resource services in the People's Republic of China", at the Grand Court of the Cayman Islands.

The Family (Global Godfathers) SPC v. Oussama Ammar et al: Contempt Order

Contempt Order imposing fines totaling CI$150,000 on the Respondents in The Family (Global Godfathers) SPC, on its own behalf and on behalf of The Family (Freya) SP and The Family (Odin) SP v. Oussama Ammar, of Paris, France; Fabuleo Limited, of Hong Kong, and Aletheis, The First Limited, of Hong Kong, at the Grand Court of the Cayman Islands.

Blue Ocean Structure Investment Company Ltd. v. Simrit Pamar: Discovery Application (Cayman Islands Proceedings)

Application by Blue Ocean Structure Investment Company Ltd. to take discovery from Simrit Pamar, ROCELO LLC, and Cellenkos Inc. for use in legal proceedings in the Cayman Islands involving Global Cord Blood Corporation, described as a Cayman Islands-domiciled, Hong Kong-based, New York Stock Exchange-listed company whose "main business is the storage of umbilical cord blood stem cells, principally in the People’s Republic of China", filed at the U.S. District Court for the Southern District of Texas.

Juan Chen v. Missfresh Ltd. et al: Class Action Complaint

Class Action Complaint in Juan Chen v. Missfresh Limited, described as a Cayman Islands company based in China; Zheng Xu, of China; Jun Wang, of China; Yuan Sun, of China; Zhaohui Li, of China; Colleen A. DeVries, JPMorgan Securities LLC, Citigroup Global Markets Inc., China International Capital Corporation Hong Kong Securities Limited, China Renaissance Securities (Hong Kong) Limited, Haitong International Securities Company Limited, CMB International Capital Limited, AMTD Global Markets Limited, ICBC International Securities Limited, Needham & Company LLC, China Merchants Securities (HK) Co. Limited, ABCI Securities Company Limited, GF Securities (Hong Kong) Brokerage Limited, Futu Inc., Tiger Brokers (NZ) Limited, and Cogency Global Inc. at the U.S. District Court for the Eastern District of New York.

BFAM Asian Opportunities Master Fund LP v. China Huiyuan Juice Group Ltd. et al: Judgment ($114M)

Judgment for $114 million in BFAM Asian Opportunities Master Fund LP, of Hong Kong v. China Huiyuan Juice Group Limited, described as a Cayman Islands company based in China; Huiyuan Beijing Holdings Limited, of the British Virgin Islands; Huiyuan Shanghai Holdings Limited, of the British Virgin Islands; China Huiyuan Industry Holding Limited, of the British Virgin Islands, and China Huiyuan Industry Limited, of Hong Kong, at the Supreme Court of the State of New York, County of New York.

Kassem Dakhlallah et al v. Refinable et al: Complaint (‘FINE Token Crypto Fraud’)

Complaint alleging fraud involving the 'FINE Token' cryptocurrency in Kassem M. Dakhlallah, Tarik Turfe, and Abedellatif Aoun v. Nicholas Chan, described as a resident of Hong Kong; Maxim Geerinck, described as a resident of Belgium; Jonas Snellinckx, described as a resident of Belgium; Nicholas Au, described as a resident of Hong Kong; Albert Chan, described as a resident of Hong Kong; Benjamin Tse, described as a resident of Pasadena, California; Michael Gu, described as a resident of Hong Kong; Elvin Cheung, described as a resident of Hong Kong, and Refinable, described as being domiciled in Hong Kong, at the U.S. District Court for the Eastern District of Michigan.

Nick Patterson v. Terraform Labs Pte. Ltd. et al: Class Action Complaint (‘Crypto Fraud’)

Class Action Complaint alleging cryptocurrency fraud in Nick Patterson v. TerraForm Labs Pte. Ltd., of Singapore; Jump Crypto, Jump Trading LLC, Republic Capital, Republic Maximal LLC, Tribe Capital, DeFinance Capital/Definance Technologies Oy, GSR Markets Limited, of Hong Kong; Three Arrows Capital Ptd Ltd., of Singapore; Nicholas Platias and Do Kwon, of South Korea, at the U.S. District Court for the Northern District of California.

Hidili Industry International Development Ltd.: Chapter 15 Petition

Chapter 15 Petition for the Recognition of a Foreign Main Proceeding in Hong Kong by Chu Lai Kuen, as the Foreign Representative of Hidili Industry International Development Limited, described as a Cayman Islands "investment holding company and the ultimate parent of a large number of direct and indirect subsidiaries, which are primarily engaged in coal mine production, mining operations, mine development, and the manufacture and sale of clean coal and coke in the People’s Republic of China", filed at the U.S. Bankruptcy Court for the Southern District of New York.

Blue Ocean Structure Investment Company Ltd. v. Global Cord Blood Corporation et al: Writ of Summons

Writ of Summons in Blue Ocean Structure Investment Company Limited, of the British Virgin Islands v. Global Cord Blood Corporation. of the Cayman Islands; Tina Ting Zheng, Albert Bing Chuen Chen, Mark D. Chen, Jack Chow, Ken Lu, Jennifer J. Weng, Jacky Siu Chuen Cheng, Kam Yuen, PAGAC III Holding VII Limited, and GM Precision Medicine (BVI) Limited, all described as being based in Hong Kong, at the Grand Court of the Cayman Islands.

Modern Land (China) Co. Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Zhang Peng, as the Foreign Representative of Modern Land (China) Co. Ltd., described as "the ultimate holding company of a group of companies comprising the Debtor and its subsidiaries, including Great Trade Technology Ltd., a holding company incorporated with limited liability in the British Virgin Islands, the Modern Land HK Companies, and Jiu Yun Development Co., Limited, a holding company incorporated with limited liability in Hong Kong, that carries out the business of real estate investment and development in the People’s Republic of China", filed at the U.S. Bankruptcy Court for the Southern District of New York.

Gulf Investment Corporation et al v. Port Link GP Ltd.: Amended Complaint

Amended Writ of Summons and Statement of Claim alleging “a corrupt scheme to launder money or conceal corruption and fraud” in Gulf Investment Corporation, of Kuwait, and General Retirement and Social Insurance Authority, of Qatar v. Port Link GP Ltd., of the Cayman Islands; Mark Eric Williams, of Georgia, USA; Wellspring Capital Group Inc., of Georgia, USA; KGL Investment Company Asia, of the Cayman Islands; Apache Asia Limited, of Hong Kong; Apache Asia Limited, of Macao; Ronald Henry Ayliffe, of Singapore, and Elite First Investment Limited, of the British Virgin Islands, at the Grand Court of the Cayman Islands.

Flower SPV 4 Ltd. v. Fantasia Holdings Group Co. Ltd.: Winding Up Petition

Winding Up Petition in Flower SPV 4 Limited v. Fantasia Holdings Group Co. Limited, described as "an investment holding company that has subsidiaries in the People's Republic of China, Hong Kong, BVI, USA, Singapore, Cayman Islands, Japan, and Macau", at the Grand Court of the Cayman Islands.
Kevin Wessell

IRS accuses ‘asset protection expert’ Kevin Wessell of withholding records about suspected offshore tax evasion

Florida-based, self-described "asset protection expert" Kevin Wessell has been accused of withholding records from the IRS that it requires for an investigation into his clients for suspected offshore tax evasion involving accounts and entities in several jurisdictions, including the Bahamas, Belize, British Virgin Islands, Cayman Islands, Cook Islands, Hong Kong, Nevada, Nevis, Panama, Saint Vincent and the Grenadines, Seychelles, Switzerland, and Turks and Caicos Islands.

USA v. Shujun Wang et al: Criminal Indictment

Criminal Indictment alleging the defendants engaged in illegal intelligence activities on behalf of China in USA v. Shujun Wang, Jie Ji, Ming Li, and Keqing Lu at the U.S. District Court for the Eastern District of New York.

Lam Wo Ping et al v. Chen Jian Yun et al: Claim Form

Claim Form in Lam Wo Ping and Lam Kin Chung, both of China v. Chen Jian Yun, of China and Zhong Da Mining Holding Limited, of the British Virgin Islands, at the British Virgin Islands High Court.

Dagan Investments LLC v. First High-School Education Group Co. Ltd. et al: Class Action Complaint

Class Action Complaint in Dagan Investments LLC v. First High-School Education Group Co. Ltd., described as a Cayman Islands company that "operates private high schools in Western China and provides for-profit tutoring services"; Shaowei Zhang, Lidong Zhu, Guangzhou Zhao, Yuanlin Hu, Longwater Topco B.V., EQT Mid Market Asia III Limited Partnership, EQT Mid Market Asia III GP B.V., EQT Fund Management S.À.R.L., Colleen A. De Vries, Cogency Global Inc., The Benchmark Company LLC, Valuable Capital Group Limited, TFI Securities and Futures Limited, AMTD Global Markets Limited, Maxim Group LLC, Boustead Securities LLC, FUTU Inc., US Tiger Securities Inc., and Fosun Hani Securities Limited at the U.S. District Court for the Southern District of New York.

Canoo Inc. v. DD Global Holdings Ltd.: Complaint ($61M)

Complaint "to recover so-called 'short-swing profits'" of $61 million in Canoo Inc., described as a Delaware-domiciled, California-based "startup American manufacturer of consumer and commercial electric vehicles founded in 2017" v. DD Global Holdings Ltd., described as a Cayman Islands-domiciled, Hong Kong-based "owner of more than 10% of Canoo’s outstanding common shares", at the U.S. District Court for the Southern District of New York.

CFTC v. Samuel Reed: $10M Settlement

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.

CFTC v. Benjamin Delo: $10M Settlement

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.

CFTC v. Arthur Hayes: $10M Settlement

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.