British Virgin Islands

Alpine Partners (BVI) LP et al v. Duff & Phelps et al: Discovery Application

Application by Alpine Partners (BVI) LP, of the British Virgin Islands; FourWorld Special Opportunities Fund LLC, of Delaware, and QVT Family Office Fund LP, of the Cayman Islands, to take discovery from Duff & Phelps LLC, Duff & Phelps Securities, LLC, and BofA Securities, Inc. for use in "an appraisal proceeding pending in the Grand Court of the Cayman Islands" involving the "fair value" of shares in Bitauto Holdings Limited, described as "a provider of internet content and marketing services and transaction services for China's automotive industry", filed at the U. S. District Court for the Southern District of New York.

TZG Capital Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Cosimo Borrelli and Philip Smith, of Cosimo Borrelli, as the Foreign Representatives of TZG Capital Limited (in Liquidation), described as "a holding company for investments in early-stage companies doing business in China", filed at the U. S. Bankruptcy Court for the Southern District of New York.

SEC v. Ofer Abarbanel et al: Complaint

Complaint alleging "a fraudulent investment scheme" in U. S. Securities and Exchange Commission v. Ofer Abarbanel, described as a citizen of Israel residing in California; Victor Chilelli, described as a resident of Delaware, and Income Collecting 1-3 Months T-Bills Mutual Fund, described as "a mutual fund registered in the Cayman Islands", as Defendants, and Institutional Syndication LLC, North American Liquidity Resources LLC, Institutional Secured Credit LLC, Growth Income Holdings LLC, and Global EMEA Holdings LLC, as Relief Defendants, at the U. S. District Court for the Southern District of New York. Editor's Note: In the complaint, the SEC alleged that "Abarbanel and Chilelli arranged for friends (including a friend's wife) and nominee personnel in the Bahamas and British Virgin Islands to serve as directors of the Fund". Research by OffshoreAlert at the Cayman Islands General Registry showed that the directors of Income Collecting 1-3 Months T-Bills Mutual Fund are Boisy Roberts, of the Bahamas, and "Trevo Liburd", of the British Virgin Islands, which appears to be a typo and a reference to Trevor Liburd.

Bybit Fintech Ltd.: Statement of Allegations

Statement of Allegations alleging unregistered securities activity involving cryptocurrencies in the Enforcement Branch of the Ontario Securities Commission v. Bybit Fintech Limited, described as a British Virgin Islands-domiciled "online crypto asset trading platform", and which appears to be based in Singapore, before the Ontario Securities Commission.

SEC v. Ofer Abarbanel et al: Asset Freeze Application

Asset Freeze Application in U. S. Securities and Exchange Commission v. Ofer Abarbanel, described as a citizen of Israel residing in California; Victor Chilelli, described as a resident of Delaware, and Income Collecting 1-3 Months T-Bills Mutual Fund, described as "a mutual fund registered in the Cayman Islands", as Defendants, and Institutional Syndication LLC, North American Liquidity Resources LLC, Institutional Secured Credit LLC, Growth Income Holdings LLC, and Global EMEA Holdings LLC, as Relief Defendants, at the U. S. District Court for the Southern District of New York.

Cayman fund accused of ‘$106M fraud’ by US SEC

Cayman Islands-domiciled Income Collecting 1-3 Months T-Bills Mutual Fund, whose directors reside in the Bahamas and British Virgin Islands, and its Israeli principal, Ofer Abarbanel, have been accused by the U.S. SEC of swindling investors who have been unable to redeem $106 million.

Scanty Investment Company et al v. Lo Chi Keung Terry: Claim Form

Claim Form in Scanty Investment Company, of Liberia, and Good Regal Development Limited, of Hong Kong v. Lo Chi Keung Terry, Chan Chun Chung Wyman, Tso Wing Chun Bingo, Brilliant Functions Limited, Rickthorn Limited, First Prime Limited, Ace International (B.V.I.) Limited at the British Virgin Islands High Court.

Canyon Balanced Master Fund Ltd. et al v. EQT Corporation et al: Class Action Complaint

Class Action Complaint alleging fraud in Canyon Balanced Master Fund Ltd., of the Cayman Islands; The Canyon Value Realization Master Fund L.P., of the Cayman Islands; Canyon-GRF Master Fund II, L.P., of the Cayman Islands; EP Canyon Ltd., of the British Virgin Islands, and Canyon Value Realization Fund, L.P., of Delaware v. EQT Corporation, described as a Pennsylvania-domiciled "natural gas producer" whose shares are listed on the New York Stock Exchange; Steven T. Schlotterbeck, Robert J. McNally, David L. Porges, and David E. Schlosser, Jr. at the U. S. District Court for the Western District of Pennsylvania.

Thomas Doctoroff v. Crown Global Life Insurance Ltd. et al: Ruling

Ruling denying summary judgment against Crown Global Life Insurance and granting summary judgment for $1.7 million against the other defendants regarding investments in the Mauritius-based Belvedere Management Group in Thomas Doctoroff, of New York, USA v. Crown Global Life Insurance Ltd., of Bermuda; Paul Gambles, of Thailand; MBMG Investment Advisory Company Ltd., of Thailand; MBMG Group Singapore Pte, of Singapore; MBMG International Custodians Ltd., of the British Virgin Islands; MBMG Asset Management Limited, of Mauritius, and Garmor Asset Management Ltd., of Mauritius, at Bermuda Supreme Court.

KG Manhattan 126 Finance Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Philip Smith, of the British Virgin Islands, and Cosimo Borelli, of Hong Kong, as the Foreign Representatives of KG Manhattan 126 Finance Limited, which has "failed to repay a secured US$85,000,000 loan given by Bank of Shanghai (Hong Kong) Limited and China Minsheng Bank Corporation Ltd., HK Branch" and was involved in "suspicious transactions", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Aldini AG v. Silvaco, Inc.: Discovery Application

Application by Aldini AG, which is described as having offices in Switzerland, Liechtenstein, and the British Virgin Islands, to take discovery from Silvaco, Inc., described as a Delaware company based in Santa Clara, California, for use in civil and criminal proceedings in France alleging securities fraud, filed at the U. S. District Court for the Northern District of California.

Hydro Energy Holdings BV v. Zhaoheng (BVI) Ltd.: Liquidation Application

Originating Application alleging fraud by Guosheng Xu, "founder of the Zhaoheng Group", which is "involved in the energy business, owning and controlling a number of hydroelectric power plants across the People's Republic of China", in Hydro Energy Holdings B.V., described as a Netherlands-domiciled "corporate vehicle used by Morgan Stanley Infrastructure Partners" v. Zhaoheng (BVI) Limited at the British Virgin Islands High Court.

Exential Investments Inc.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Russell Crumpler and David Standish, as the Foreign Representatives of Exential Investments Inc., which is part of the Dubai-based Exential Group that allegedly perpetrated a fraud in which "investors lost investments in the range of at least $250 - $500 million", filed at the U. S. Bankruptcy Court for the Southern District of Florida.

Definition Services Inc. v. GVA Capital Ltd.: Notice of Removal

Defendant's Notice of Removal, including a copy of the complaint alleging a "brazen attempt by an investment manager, GVA Capital, to steal the substantial gains of its investor" amounting to "hundreds of millions of dollars" in Definition Services Inc., of the British Virgin Islands v. GVA Capital Ltd., described as a Cayman Islands company based in San Francisco, California, USA, at the U. S. District Court for the District of Delaware.

Cashman Equipment Corp. v. EMCS Caribbean Ltd. et al: Complaint

Complaint alleging fraud involving the chartering of a barge in Cashman Equipment Corp., of Massachusetts v. EMCS Caribbean Ltd., of the British Virgin Islands; Craig Noblett, Nervin Wheatley, and Ashburn Harrigan, all described as residents of the British Virgin Islands, at the U. S. District Court for the District of Massachusetts.

Madison Asset LLC v. Deutsche Bank AG: Second Amended Complaint

Second Amended Complaint "against Deutsche for its role in aiding a fraudulent trading scheme orchestrated by Madison's former principals and principals of related entities between 2014 and 2017 that caused Madison to suffer more than $200 million in damages" in Martin Trott and Christopher Smith, as Joint Official Liquidators of Madison Asset LLC (in Official Liquidation), of the Cayman Islands v. Deutsche Bank AG, of New York, at the U. S. District Court for the Southern District of New York.

Lansdale Capital Ltd. v. Leslie Wulf et al: Motion to Quash Subpoena

Motion to Quash Subpoena asking PricewaterhouseCoopers LLP "to produce the privileged and confidential documents of non-party movant Lansdale Capital Ltd., a BVI company" in Lansdale Capital Ltd., of the British Virgin Islands v. Leslie A. Wulf, Bruce A. Hall, John E. Rea, and James Rea at the U. S. District Court for the Southern District of New York.

FCI Markets Inc.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Paul Pretlove, of Kalo (BVI) Limited, as the Foreign Representatives of FCI Markets Inc., described as part of "a group of Dubai-based forex trading companies ... known as Exential Group" that was found by a Dubai court to be "a Ponzi scheme disguised as a forex trading program" that defrauded investors out of more than $200 million, filed at the U. S. Bankruptcy Court for the Southern District of Florida.