Cayman Islands

Public Notice by the Cayman Islands Monetary Authority that it has revoked the Restricted Mutual Fund Administrator's Licence of Advanced Fund Administration (Cayman) Ltd.

Complaint alleging a "pattern of self-dealing and conflicts [that] ultimately enriched the debt holders but destroyed $150 million in shareholder value" in Sentia Wellness Inc. v. Boris Jordan, of Miami, Florida; Measure 8 Ventures LP, of New York; Gron Ventures Fund I LP, of Delaware; Zola Global Investors Ltd., Anson Advisors Inc., of Canada, on behalf of Anson East Master Fund LP; AC Anson Investments Ltd., of the Cayman Islands; Anson Investments Master Fund LP, of the Cayman Islands; Anson Opportunities Master Fund LP, of the Cayman Islands; Serendipity SPC - Trimble Fund SP, of the Cayman Islands, on behalf of Emerald Spur Limited; Lapid US Investments LLC, of Delaware; Hadron Healthcare and Consumer Special Opportunities Master Fund, Aterian Inc., of Delaware; Alliance Global Partners LLC, of New York; Sunny Puri, of Toronto, Canada; Juan Martinez, of New York; Peter Clateman, of New York; Wilder Ramsey, of Los Angeles, California; Gregory Crowe, of Singapore; Igor Gimelshtein, of Toronto, Canada; Tarik Ouass, of Toronto, Canada; Andrea Oriani, of London, England; Marco d'Attansio, of London, England, and Afzal Hasan, of Toronto, Canada, at the Circuit Court of the State of Oregon, County of Multnomah.

Alpine Partners (BVI) LP, of the British Virgin Islands, to take discovery from Vivo Capital LLC, Vivo Capital Fund IX (Cayman) LLC, and Vivo Capital Fund IX (Cayman) L.P. for use in "an appraisal proceeding in the Cayman Islands" involving New Frontier Health Corporation, filed at the U.S. District Court for the Northern District of California.

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 Upholding the dismissal of the case by the Isle of Man High Court in JP SPC 1 and JP SPC 4, both of the Cayman Islands, on behalf of Axiom Legal Financing Fund v. Royal Bank of Scotland International Ltd. at the Privy Council of the United Kingdom.

Florida resident Susan Devine, the 60-year-old former wife of German accused fraudster Florian Homm, has applied for evidence from New York law firm Spears & Imes for use in criminal proceedings in Liechtenstein, where she is being investigated on suspicion of laundering some of the proceeds of Homm's alleged $200 million Cayman Islands investment scam.

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.

Ex Parte Request for Judicial Assistance by Susan Elaine Devine, described as "a citizen of the United States and Brazil and a resident of Florida" and a former wife of Florian Homm, a German citizen who was indicted in California in 2013 for alleged investment fraud and is currently a fugitive, to obtain evidence from law firm Spears & Imes LLP for use "in connection with criminal proceedings that have been launched against Ms. Devine in Liechtenstein relating to alleged money laundering" involving "nine hedge funds that were incorporated in the Cayman Islands", namely Absolute Activist Value Master Fund Limited, Absolute East West Fund Limited, Absolute East West Master Fund Limited, Absolute European Catalyst Fund Limited, Absolute Germany Fund Limited, Absolute India Fund Limited, Absolute Octane Fund Limited, Absolute Octane Master Fund Limited, and Absolute Return Europe Fund Limited, filed at the U.S. District Court for the Southern District of New York.

Director Details for Sterling Asset Management International Limited, obtained from the Cayman Islands General Registry on May 10th, 2022.

Director Details for DD Global Holdings Limited, obtained from the Cayman Islands General Registry on May 9th, 2022.

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.

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.

Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$299,050 on Sterling Asset Management International Limited for regulatory breaches.

Class Action Complaint alleging fraud in Robert Glick v. Arqit Quantum Inc., formerly known as Centricus Acquisition Corp., described as a Cayman Islands-domiciled, London-based "cybersecurity company that has pioneered a unique quantum encryption technology"; David Williams, Nick Pointon, Carlo Calabria, Stephen Chandler, Manfredi Lefebvre d'Ovidio, VeraLinn Jamieson, Garth Ritchie, and Stephen Wilson at the U.S. District Court for the Eastern District of New York.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Bridging Finance GP LLC at the Grand Court of the Cayman Islands.

Director Details for Providers Re SPC, obtained from the Cayman Islands General Registry on May 6th, 2022.

Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$16,950 on Providers Re SPC for "Failure of a Class B Insurer that is established as a segregated portfolio company under Part XIV of the Companies Act (as revised) to maintain the prescribed margin of solvency in respect of each segregated portfolio".

Winding Up Petition in Blue Ocean Structure Investment Company Limited v. Global Cord Blood Corporation, described as a Hong Kong-based company that "carries on the business of the storage of umbilical cord blood stem cells principally in the People's Republic of China", at the Grand Court of the Cayman Islands.

Complaint to Recognize Cayman Islands Judgment in Bronzelink Holdings Limited, of the British Virgin Islands v. STM Group Inc., of Delaware, and STM Atlantic NV, of the Netherlands, at the Superior Court of the State of California, County of Los Angeles.

Class Action Complaint alleging fraud in City of Riviera Beach General Employees' Retirement System v. Vertiv Holdings Co., Rob Johnson, David Fallon, Jason Forcier, Gary Niederpruem, David Cote, Joseph van Dokkum, Roger Fradin, Jacob Kotzubei, Matthew Louie, Edward L. Monser, Steven S. Reinemund, Robin L. Washington, JPMorgan Securities LLC, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., VPE Holdings LLC, Vertiv JV Holdings LLC, PE Vertiv Holdings LLC, Platinum Equity LLC, Platinum Equity Investment Holdings LLC, Platinum Equity Investment Holdings Manager LLC, Platinum Equity Investco LP, Platinum Equity Investment Holdings IC (Cayman) LLC, Platinum Investco (Cayman) LLC, Platinum Equity Investment Holdings III LLC, Platinum Equity Investment Holdings Manager III LLC, and Tom Gores at the U. S. District Court for the Southern District of New York.

Stop Notice by Blue Ocean Structure Investment Company Ltd. regarding shares in Global Cord Blood Corporation at the Grand Court of the Cayman Islands.

Petition for Appraisal in The Arbitrage Fund, Water Island Event-Driven Fund, Water Island Merger Arbitrage Institutional Commingled Master Fund LP, of the Cayman Islands; Multi-Manager Alternative Strategies Fund, and iMGP Alternative Strategies Fund, formerly PartnerSelect Alternative Strategies Fund, v. Forterra Inc., described as "a leading manufacturer of pipe and precast products for use in water-related infrastructure projects in the United States, Mexico and Canada", at the Court of Chancery of the State of Delaware.

Originating Application in SPA II Guangdong Ltd. and SPA II-A Guangdong Ltd., described as Cayman Islands-domiciled companies that are involved in "the investment in real property in People's Republic of China" v. Decent Management Limited at the British Virgin Islands High Court.

Originating Application in the matter of Palmway Holding LLC at the Grand Court of the Cayman Islands.

Winding Up Petition in IMG Media Limited, of London, England, described as being "part of the Endeavor Group, a global sports, events and talent management company" v. Suning Sports Group Limited, described as being "part of the Suning Group, a Chinese retail business", at the Grand Court of the Cayman Islands.

Motion for Summary Judgment in lieu of Complaint in Ideanomics Inc. v. Silk EV Cayman LP, of the Cayman Islands, at the Supreme Court of the State of New York, County of New York.

Complaint alleging fraud in Fir Tree Value Master Fund LP, of the Cayman Islands v. Mohawk Industries Inc.,Jeffrey S. Loderbaum, Brian Carson, and Frank H. Boykin at the U. S. District Court for the Northern District of Georgia.

Complaint "to recover significant investment losses suffered as a result of a fraud perpetrated by Defendants" in HealthCor Offshore Master Fund LP, of the Cayman Islands; HealthCor Sanatate Offshore Master Fund LP, of the Cayman Islands; Blackstone Alternative Multi-Strategy Sub Fund IV LLC, of Delaware, and Blackstone Alternative Investment Fund Plc, of Ireland v. Celgene Corporation, Scott A. Smith, Terrie Curran, and Philippe Martin at the U. S. District Court for the District of New Jersey.

Complaint in 5M Corporation Defined Benefit Retirement Trust, Warren Messner, and Angela Messner, all of Chappaqua, New York v. Tareo Offshore Fund Ltd., domiciled in the Cayman Islands, based in New York, at the Supreme Court of the State of New York, County of New York.

Originating Application in the matter of Causper Medical Inc. at the Grand Court of the Cayman Islands.

Amended Originating Application in the matter of Cayman Carifta 2019 Ltd. at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Sciens Alternative Assets Recovery Fund II (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Originating Application in the matter of Global Earth Networks Ltd. at the Grand Court of the Cayman Islands.

Class Action Complaint in Si Fan v. Grab Holdings Limited, described as a Cayman Islands-domiciled, Singapore-based company that "offers a superapp that operates primarily across the deliveries, mobility, and digital financial services sectors in Southeast Asia"; Anthony Tan, and Peter Oey at the U. S. District Court for the Southern District of New York.

Chapter 11 Petition by Formation Group (Cayman) Fund I LP, of the Cayman Islands, at the U. S. Bankruptcy Court for the Northern District of California.

Director Details for QB Investing SPC, obtained from the Cayman Islands General Registry on April 21st, 2022.

Petition in the matter of China Financial Leasing Group Limited at the Grand Court of the Cayman Islands.

Writ of Summons in Streeterville Capital LLC, of Utah, USA v. Molecular Data Inc. at the Grand Court of the Cayman Islands.

Originating Application in the matter of QB Investing SPC at the Grand Court of the Cayman Islands.

Complaint alleging securities fraud in Mark Dias, Shanghai Yonghua Capital Investment Management Co. Ltd., of China; Suzhou Quantong Medical Tech. Co. Ltd., of China; Powerful Anchor (Cayman) Limited, a Cayman Islands company based in Singapore, and Yongyun (Cayman) Limited, a Cayman Islands company based in China v. Spartan Micro Inc., Eric Stoppenhagen, and Thomas Gardner at the U. S. District Court for the Central District of California.

Complaint alleging securities violations in David Elliot v. Noble Corporation, described as a Cayman Islands company based in Sugar Land, Texas; Charles M. Sledge, Paul Aronzon, Patrick J. Bartels Jr., Robert W. Eifler, Alan J. Hirshberg, Ann D. Pickard, and Melanie M. Trent at the U. S. District Court for the Southern District of New York.

Consent Order dismissing the proceedings and approving costs of $50,000 to the defendant in John Felder v. Sandra Hill at the Grand Court of the Cayman Islands.

Originating Summons in Philip Yuen v. Aurabeat Technology International, of the Cayman Islands; Sze To Gin Nam, of Hong Kong, and Lo Shuk Yee, of Hong Kong, at the Grand Court of the Cayman Islands.

Complaint in Sabby Volatility Warrant Master Fund Ltd., of the Cayman Islands v. Canaan Inc., described as a Cayman Islands company based in Beijing, China, at the Supreme Court of the State of New York, County of New York.

Sixteen individuals and one company have been charged with securities fraud in New York regarding 'multiple schemes' that allegedly swindled more than $100 million from investors around the world. Those charged are from or operated in many onshore and offshore countries, including Antigua and Barbuda, Bahamas, Belize, British Virgin Islands, Bulgaria, Canada, Cayman Islands, Chile, Croatia, Denmark, France, Germany, Hungary, Italy, Monaco, Spain, Switzerland, Turkey, United Kingdom, and United States.

Petition for the Court's sanction of a Scheme of Arrangement in the matter of Modern Land (China) Co. Limited, described as "the ultimate holding company of a group of companies ... that carries on the business of real estate investment and development in the People's Republic of China, which for the purpose of this petition does not include Hong Kong, Macau and Taiwan", at the Grand Court of the Cayman Islands.

Originating Application in the matter of Dooly Investments Ltd. at the Grand Court of the Cayman Islands.

Application for a Temporary Restraining Order regarding an alleged securities fraud involving individuals and entities in or from the Bahamas, British Virgin Islands, Canada, Cayman Islands, Denmark, Dominican Republic, Spain, Switzerland, Turkey, United Kingdom, and USA in U. S. Securities and Exchange Commission v. Domenic Calabrigo, Curtis Lehner, Hasan Sario, and Courtney Vasseur at the U. S. District Court for the Southern District of New York.

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.

Summons and Temporary Restraining Order in Nuri Musaed Al Saleh, of Kuwait, and Sandra Holding Ltd., of the Cayman Islands v. Fawzi Musaed Al Saleh, described as a citizen of Kuwait; Ahmed Fawzi Al Saleh, described as a citizen of Kuwait and the United Kingdom; Yasmine Fawzi Al Saleh, described as a citizen of Kuwait residing in the USA, and Farah El Merabi, described as a citizen of Lebanon residing in Kuwait, at Massachusetts Superior Court, for Middlesex County.