Cayman Islands

Walkers law firms in the Cayman Islands and Dubai are being sued for alleged negligence by two Kuwait state-owned entities regarding a fund whose Arab investors were allegedly swindled out of hundreds of millions of dollars.

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.

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.

Judgment for CI$105,000 in John Felder v. Sandra Hill at the Grand Court of the Cayman Islands.

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.

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.

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.

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.

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.

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.

Complaint in Cayman Enterprise City Ltd. v. Findoss Global SEZC and Amit Choudhury, of Toronto, Canada, at the Summary Court of the Cayman Islands.

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

Director Details for Findoss Global SEZC, obtained from the Cayman Islands General Registry.

Director Details for TF Global Markets (International) Ltd., obtained from the Cayman Islands General Registry on September 8th, 2021.

Writ of Summons regarding YZ Holdings SEZC in Cayman Enterprise City Ltd. v. Andy Zhu and Jason Ching Dat Wu, both of Canada, at the Grand Court of the Cayman Islands.

Cayman Islands and Delaware components of crypto group Rivetz and their principal, George Sprague, are being sued by the SEC in the U.S. for allegedly selling unregistered digital assets that raised $18 million from 7,200 investors worldwide.

Application by China Medical Technologies Inc. (in Liquidation), described as a Cayman Islands-domiciled "holding company of a group of companies incorporated in Hong Kong, Mainland China, the British Virgin Islands and Singapore", and CMED Technologies Ltd., of the British Virgin Islands, to take discovery from KPMG LLP for use in legal prceddings in Hong Kong, filed at the U. S. District Court for the Southern District of New York.

Writ of Summons seeking damages for alleged libel in Sandra Hill v. Frank McField at the Grand Court of the Cayman Islands.

Public Warning by the Bermuda Monetary Authority against Think Capital Limited, part of the "ThinkMarkets group of companies", which "falsely claimed to have a licence issued by the Bermuda Monetary Authority" and which, when contacted by the BMA, claimed that "the statement was made in error and that, instead, it should have stated that it had been issued a licence by the Cayman Islands Monetary Authority". Editor's Note: On its website at www.thinkmarkets.com, ThinkMarkets claims to operate "a premium multi-asset online brokerage with headquarters in London and Melbourne and hubs in the Asia-Pacific, Middle East and North Africa, Europe and South America", and identifies group companies as: TF Global Markets Int Limited, of the Seychelles; TF Global Markets (UK) Limited, of England; TF Global Markets (Aust) Limited, of Australia; TF Global Markets (South Africa) (Pty) Ltd., of South Africa; Think Capital Limited, of Bermuda, and TFG (Payments) Limited, of England. Research by OffshoreAlert also discovered other group companies, including one in the Cayman Islands called TF Global Markets (International) Ltd., which is identified on CIMA's website as receiving a "Securities - Full" license on April 12th, 2021.

Writ of Summons seeking "damages for conspiracy" in Aspect Properties Japan Godo Kaisha v. Jonathan Cheng, of Australia; Yicheng Chen, of Hong Kong; LC Capital Limited, of Hong Kong; Infinity Capital Group Limited, of the Cayman Islands; LC Capital Limited, of the Cayman Islands, and ICG I, of the Cayman Islands, at the Grand Court of the Cayman Islands.

Originating Application in the matter of Goat CaymanCo II Ltd at the Grand Court of the Cayman Islands.

Originating Application in the matter of XiO Fund I LP at the Grand Court of the Cayman Islands.

Reasons for Judgment declining to set aside a default judgment in John Felder v. Sandra Hill at the Grand Court of the Cayman Islands.

Originating Application in the matter of Brookfield Spec Opps Fund (H) L.P. at the Grand Court of the Cayman Islands.

USA's Sentencing Submission regarding a cryptocurrency-based investment fraud involving Cayman Islands-domiciled, New York-based investment funds 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.

Criminal Indictment alleging conspiracy to commit wire fraud, bank fraud and money laundering involving entities in or from Argentina, Bahamas, Belgium, Bermuda, British Virgin Islands, Cayman Islands, Ecuador, Germany, Switzerland, Uruguay, and the United States in USA v. Roberto Gustavo Cortes Ripalda, described as a citizen of Ecuador and the U.S.; Fernando Haberer Bergson, described as a citizen of Germany and Uruguay and a resident of Argentina, and Ernesto Heraclito Weisson Pazmino, described as a citizen of Ecuador and the U.S., at the U. S. District Court for the Eastern District of New York.

Judgment Registration in TCA Global Credit Master Fund LP, of the Cayman Islands v. Lonnie Moss and Misty Moss at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida.

Application by Kingstown Partners Master Ltd., of the Cayman Islands, to take discovery from Blackstone Inc., MVB Management, LLC, CC Capital Partners, LLC, and CC Capital Management LLC for use in "an appraisal proceeding in the Cayman Islands" regarding FGL Holdings, filed at the U. S. District Court for the Southern District of New York.

Judgment on motions to dismiss allegations of fraud and negligence in Techview Investments Limited, which was incorporated in the Bahamas and later moved to the British Virgin Islands, and Prime Overseas Investments and Enterprises Limited, of Cyprus v. Amstar Poland Property Fund I LP, Amstar Poland Property Fund I GP LP, Amstar Poland Fund I GP LP, all of the Cayman Islands; Amstar Global Partners Limited, of Bermuda, and Amstar Group LLC, a Delaware-domiciled, Colorado-based company, at the Superior Court of the State of Delaware, County of New Castle County.

Judgment regarding "The legal principles to consider when a court is asked to proceed ex parte without notice to determine an application for Norwich Pharmacal disclosure orders" in connection with legal proceedings in China in Cathay Capital Holdings III, L.P. v. Osiris International Cayman Limited at the Grand Court of the Cayman Islands.

Complaint to Renew Judgment of $3.8 million in American Associated Group Ltd., f.k.a. American University of The Caribbean, of the Cayman Islands v. Henry Tien and Ming Tien at the U. S. District Court for the Southern District of Florida.

Originating Application in the matter of Svelland Capital (Cayman) Ltd. at the Grand Court of the Cayman Islands.

Criminal Indictment alleging a fraud of "at least $106 million" involving Cayman Islands-domiciled Income Collecting 1- 3 Months T- Bills Mutual Fund in USA v. Ofer Abarbanel at the U. S. District Court for the Southern District of New York.

Stop Notice by Victory Sky Holdings Limited, of the British Virgin Islands, regarding one share in ICG I owned by LC Capital Limited, filed at the Grand Court of the Cayman Islands.

Judgment rejecting an objection by Ascentra Holdings Inc. (in Voluntary Liquidation), a creditor with a claim for over $8 million, to the appointment of Adam Keenan and Michael Pearson, of FFP, as Joint Official Liquidators of Global Fidelity Bank Ltd. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Amended Complaint alleging fraud and unregistered securities regarding the sale of cryptocurrency tokens involving Delaware and Cayman Islands-domiciled Crowd Machine in George Bachiashvili v. Charlie Shrem and Roger Tichenor at the U. S. District Court for the Middle District of Florida.

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

Director Details for Cohanzick Absolute Return Master Fund Ltd., obtained from the Cayman Islands General Registry on August 18th, 2021.

Derivative complaint alleging breach of the Investment Company Act of 1940 and The Investment Advisers Act of 1940 in George Assad, derivatively on behalf of Pershing Square Tontine Holdings Ltd. v. Pershing Square Tontine Holdings Ltd., described as being domiciled in Delaware, based in New York and "the largest special purpose acquisition company, or "SPAC", ever to have offered shares to the public", as Nominal Defendant, and Pershing Square TH Sponsor LLC, of Delaware; Lisa Gersh, Michael Ovitz, Jacqueline D. Reses, Joseph S. Steinberg, Pershing Square LP, of Delaware; Pershing Square International Ltd., of the Cayman Islands, and Pershing Square Holdings Ltd., of Guernsey, as Defendants, at the U. S. District Court for the Southern District of New York.

Writ of Summons in Monique Catherine Hamaty-Simmonds and Basil Norman Hamaty v. Sylvia Carlene Hamaty, Frederick Clive Hamaty, Neil Hamaty, and Delrose Williams at the Grand Court of the Cayman Islands.

Director Details for J.S. Oliver Offshore Investments Ltd., obtained from the Cayman Islands General Registry on August 17th, 2021.

Petition in the matter of China Healthwise Holdings Limited at the Grand Court of the Cayman Islands.

SEC's Application for an Order Compelling Respondent Douglas F. Drennan to Show Cause Why Judgment Should be Entered Against Him Pursuant to the Securities Exchange Act in a case alleging fraud involving, inter alia, Cayman Islands-domiciled J.S. Oliver Offshore Investments Ltd. in U. S. Securities and Exchange Commission v. Douglas F. Drennan at the U. S. District Court for the Southern District of California.

Fixed Date Claim Form regarding Block Capital Group Ltd., which is involved in legal proceedings in the Cayman Islands, in Sean Wilson Baguley, of Australia v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Complaint in Suntera Global, a Cayman Islands corporate services provider v. Andrew Edgington, described as a former employee of the plaintiff, at the Summary Court of the Cayman Islands.

Director Details for Aberon Capital Master Fund Ltd., obtained from the Cayman Islands General Registry on August 15th, 2021.

Originating Application in the matter of Palm Global Small Cap Fund GP Ltd. at the Grand Court of the Cayman Islands.

Originating Application in the matter of Palm Global Fund of Funds GP Limited at the Grand Court of the Cayman Islands.

Emergency Application for an Asset Freeze Order regarding an allegedly fraudulent scheme that, inter alia, involved accounts in "the Cayman Islands and Canada", in U. S. Securities and Exchange Commission v. GPL Ventures LLC, GPL Management LLC, described in the complaint as Delaware-domiciled, New York-based companies; Alexander J. Dillon, of New Jersey; Cosmin I. Panait, described as a citizen of Romania residing in New York; HempAmericana Inc., described as a Delaware-domiciled, New York-based company; Salvador E. Rosillo, of New York; Seaside Advisors LLC, of New Jersey, and Lawrence B. Adams, of New Jersey, at the U. S. District Court for the Southern District of New York.

Complaint "to halt the GPL Defendants' ongoing violations of the dealer registration requirements of the federal securities laws", including alleged fraud, that involves, inter alia, an unidentified "broker in the Cayman Islands" in U. S. Securities and Exchange Commission v. GPL Ventures LLC, GPL Management LLC, described as Delaware-domiciled, New York-based companies; Alexander J. Dillon, of New Jersey; Cosmin I. Panait, described as a citizen of Romania residing in New York; HempAmericana Inc., described as a Delaware-domiciled, New York-based company; Salvador E. Rosillo, of New York; Seaside Advisors LLC, of New Jersey, and Lawrence B. Adams, of New Jersey, at the U. S. District Court for the Southern District of New York.