Cayman Islands

Hop Hing Group Holdings Ltd.: ‘Scheme of Arrangement’ Petition

Petition for the Court's sanction of a Scheme of Arrangement in the matter of Hop Hing Group Holdings Limited, described as a Cayman Islands-domiciled, Hong Kong-based company "whose principal business activities are the operation of quick service restaurants business under the brand names of Yoshinoya and Dairy Queen in northern China", at the Grand Court of the Cayman Islands.

Bertrand Stern v. Philippe Michel et al: Originating Summons

Originating Summons seeking to remove the first defendant from his position as Protector of the Roger Trust in Bertrand Stern v. Philippe Michel, as Protector of the Roger Trust, and Scotiabank & Trust (Cayman) Limited, as Trustee of the Roger Trust, at the Grand Court of the Cayman Islands.
seven-mile-securities

Seven Mile Securities fined CI$250K by Cayman regulator

Five months after one of its clients, Canadian Andrew McAlpine, pleaded guilty to securities fraud in the United States, securities broker Seven Mile Securities has been fined CI$250,000 by the Cayman Islands Monetary Authority. It is not publicly-known whether the two events are connected.

Seven Mile Securities: Directors

Director Details for Seven Mile Securities, obtained from the Cayman Islands General Registry on October 14th, 2021.

Estate of Osama Ismail Abudawood v. Gibson Dunn et al: Discovery Application

Application by Michael Pearson, as Administrator of the Estate of the late Sheikh Osama Ismail Abudawood, of Saudi Arabia, to take discovery from Jeffrey M. Trinklein, a lawyer, and Gibson Dunn & Crutcher LLP, a law firm, for use in legal proceedings in the Cayman Islands, filed at the U. S. District Court for the Southern District of New York.

Haim Yehzkel v. Jomar Ltd. et al: Complaint

Complaint involving a Saint Vincent and the Grenadines-flagged 130-feet commercial motor yacht called Jomar in Haim Yehzkel, of Florida v. Jomar Ltd., of the Cayman Islands; World Yacht Group Inc., of California, and Big I Enterprises LLC, of Pennsylvania, at the U. S. District Court for the Southern District of Florida.

Seven Mile Securities: CI$250K Fine

Public Notice from the Cayman Islands Monetary Authority that it has imposed "discretionary administrative fines" totaling CI$250,000 on Seven Mile Securities for regulatory breaches.

Heng Ren Silk Road Investments LLC et al v. Joseph Chen et al: $300M Settlement Agreement

Stipulation to $300 million Settlement in a dispute involving a Cayman Islands company described as the "Facebook of China" in Heng Ren Silk Road Investments LLC, of Massachusetts; Oasis Investments II Master Fund Ltd., of the Cayman Islands, and Jodi Arama, derivatively on behalf of nominal defendant Renren Inc., of the Cayman Islands v. Joseph Chen, David K. Chao, DCM III, L.P., DCM III-A, L.P., DCM Affiliates Fund III, L.P., DCM Investment Management III, LLC, Duff & Phelps, LLC, Oak Pacific Investment, Social Finance, Inc., SoftBank Group Capital Limited, SoftBank Group Corp., SB Pan Pacific Corporation, Renren SF Holdings, Inc., and Renren Lianhe Holdings at the Supreme Court of the State of New York, County of New York.

Robert Guarini v. Binance et al: Complaint

Complaint alleging "a fraudulent scheme that sought to, and ultimately did, steal $680,000 worth of cryptocurrency from Plaintiff" in Robert Guarini v. John Doe and Binance, which is domiciled in the Cayman Islands, at the U. S. District Court for the Southern District of Florida.

Benjamin Bin Chow v. Canyon Bridge Capital Partners LLC et al: Complaint

Complaint in Benjamin Bin Chow v. Canyon Bridge Capital Partners, LLC, of Delaware; Canyon Bridge Capital Partners, LLC, of the Cayman Islands; Canyon Bridge Management Corp., of Delaware; Canyon Bridge Capital Management, LLC, of Delaware; Canyon Bridge Fund I, LP, of Delaware; Canyon Bridge Fund I, LP, of the Cayman Islands; Hong John Kao, Heber Raymond Bingham, and Peter Chin Kuo at the Court of Chancery of the State of Delaware.

Universal Enterprises Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Eleanor Fisher, of the Cayman Islands, and Hani Bishara, of the United Arab Emirates, as Foreign Representatives of Universal Enterprises Ltd. (in Official Liquidation), described as "an investment vehicle for six brothers [from Kuwait] for the purpose of making investments in the United States", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Robert Press: $5.4M Penalties

Administrative Order by the U. S. Securities and Exchange Commission imposing a fine of $50,000 on Donna M. Silverman to settle allegations of fraud involving TCA Fund Management Group Corp., of Florida, and four TCA funds in the Cayman Islands.

Donna Silverman: $50K Fine

Administrative Order by the U. S. Securities and Exchange Commission imposing a fine of $50,000 on Donna M. Silverman to settle allegations of fraud involving TCA Fund Management Group Corp., of Florida, and TCA Global Credit Fund GP Ltd., of the Cayman Islands.

Roger Kirby v. David Zalaznick et al: Complaint

Complaint alleging fraud involving an "illegal" $200 million loan in Roger W. Kirby, individually and as sole Trustee of The Augustus R. A. Kirby 2020 Revocable Trust and The Jane A. Kirby 2020 Revocable Trust v. David W. Zalaznick, described as a resident of Florida; John W. Jordan II, of Illinois; JZ Capital Partners Ltd., of Guernsey, in the Channel Islands; JZCP Realty Fund Ltd., of the Cayman Islands; Jordan/Zalaznick Advisors Inc., JZ 184-204 Bedford LLC, Red Zky JZ Fulton Holdings LLC, RS JZ Greenpoint LLC, and RS JZ Wynwood Holdings LLC at the U. S. District Court for the Southern District of New York.

USA v. Mark Gyetvay: Criminal Indictment

Criminal Indictment alleging tax evasion involving companies or accounts in Belize, British Virgin Islands, Cayman Islands, Russia, and Switzerland in USA v. Mark Gyetvay, the Chief Financial Officer of Russian gas producer Novatek who is apparently a citizen of Italy, Russia, and the United States, at the U. S. District Court for the Middle District of Florida.

Luckin Coffee Inc.: ‘Scheme of Arrangement’ Petition

Petition for the Court's sanction of a Scheme of Arrangement in the matter of Luckin Coffee Inc. (in Provisional Liquidation), described as "an investment holding company with its direct and indirect subsidiaries located in the British Virgin Islands, Hong Kong, the United States and the PRC", at the Grand Court of the Cayman Islands.

Oak Trust (Guernsey) Ltd. v. William Dewsall: Re-Amended Complaint

Re-Amended Complaint alleging fraud involving Gable Holdings Inc., of the Cayman Islands, and Gable Insurance AG, of Liechtenstein, in Kevin Alcock, Corita Metelerkamp, both of Surrey, England; Oak Trust (Guernsey) Limited, of Guernsey; Baytree Group Holdings Limited, Morvale Company Limited, Aggaris Investments Limited, all of the British Virgin Islands; Christopher Lawrance, Roy Campbell, both of South Africa, and CriSeren Investments Limited, of Wales v. William Dewsall, of London, England, at the High Court for England and Wales.

USA v. Stefan Qin: Criminal Judgment

Criminal Judgment imposing a prison-term of seven-and-a-half years for a cryptocurrency-based securities fraud involving two Cayman Islands-domiciled, New York-based investment funds, Virgil Sigma Fund and VQR Multistrategy Fund, in USA v. Stefan He Qin, a citizen of Australia residing in New York, at the U. S. District Court for the Southern District of New York.

Sustainable Opportunities Acquisition Corp. v. Ethos Fund I LP et al: Complaint

Complaint in Sustainable Opportunities Acquisition Corp., now known as The metals company Inc., described as a Texas-based "special purpose acquisition company" that was formed in the Cayman Islands before re-domiciling to Canada v. Ethos Fund I LP, Ethos GP LLC, and Ethos DeepGreen PIPE LLC at the U. S. District Court for the Southern District of New York.

Enigma Diagnostics Ltd. v. Harvey Boulter et al: Amended Complaint

Amended Complaint alleging fraud and dishonest assistance involving the Cayman Islands-domiciled "Porton Group" in Enigma Diagnostics Limited (in Liquidation), Paul David Allen, and Geoffrey Lambert Carton-Kelly, as Liquidators of Enigma Diagnostics Limited, all of England v. Harvey Boulter, DLA Piper UK LLP, a law firm, and Charles Cook, a lawyer, all of England, at High Court of Justice for England and Wales.

Best Meridian Insurance Company et al v. Lake Cecile Resort Inc. et al: Complaint

Complaint in Best Meridian Insurance Company and Best Meridian International Insurance Company SPC, of the Cayman Islands v. Lake Cecile Resort Inc., CCH FL 2 LLC, Citrus Capital Holdings LLC, Florida Department of Revenue, Keys Funding LLC – 1019, Keys Tax Funding LLC – 19, Kissimmee Utility Authority, Osceola County, a political subdivision of the State of Florida; Bruce Vickers, Osceola County Tax Collector, Premier Elevator Company Inc., Sunbelt Rentals, Inc., TLGFY, LLC, J.T. Shaw, Inc., and Tohopekaliga Water Authority at the U. S. Bankruptcy Court for the Middle District of Florida.

Jingjing Zhou v. Youbi Capital (Cayman) GP et al: Complaint

Complaint alleging breach of fiduciary duty and breach of contract in Jingjing Zhou, of Connecticut v. Youbi Capital (Cayman) GP, of the Cayman Islands; Yaofei Chen, of New Jersey; Hyejin Lee, of New Jersey, and Chen Li, of New York, at the U. S. District Court for the Southern District of New York.

Income Collecting 1-3 Months T-Bills Mutual Fund: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Russell Homer and Karen Scott, as the Joint Voluntary Liquidators of Income Collecting 1-3 Months T-Bills Mutual Fund, of the Cayman Islands, filed at the U. S. Bankruptcy Court for the Southern District of New York.
usa-v-roberto-cortes

Three indicted in NY for ‘$155M Biscayne Capital fraud’

Three men have been indicted in New York for allegedly perpetrating a $155 million fraud and money laundering scheme involving entities in or from Argentina, Bahamas, Belgium, Bermuda, British Virgin Islands, Cayman Islands, Ecuador, Germany, Switzerland, Uruguay, and the United States.

SEC v. Rivetz International SEZC et al: Complaint

Complaint alleging the sale of unregistered digital assets in U. S. Securities and Exchange Commission v. Rivetz Corp., of Delaware; Rivetz International SEZC, of the Cayman Islands, and Steven K. Sprague, described as a resident of the Cayman Islands and Massachusetts, at the U. S. District Court for the District of Massachusetts.

Rivetz Intl. SEZC: Directors

Director Details for Rivetz Intl. SEZC, obtained from the Cayman Islands General Registry on September 8th, 2021.