Malaysia

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Marelli Automotive Lighting USA LLC et al: Chapter 11 Petition

June 11, 2025
Chapter 11 Petition by Marelli Automotive Lighting USA LLC, Automotive Lighting UK Limited, Calsonic Kansei (Shanghai) Corporation, CK Trading de México, S. de R.L. de C.V., Magneti Marelli Argentina S.A., Magneti Marelli Conjuntos de Escape S.A., Magneti Marelli do Brasil Indústria e Comércio S.A., Magneti Marelli Repuestos S.A., Marelli (China) Co., Ltd., Marelli (China) Holding Company, Marelli (Guangzhou) Corporation, Marelli (Thailand) Co., Ltd., Marelli (Xiang Yang) Corporation, Marelli Aftermarket Germany GmbH, Marelli Aftermarket Italy S.p.A., Marelli Aftermarket Poland Sp. z o.o., Marelli Aftermarket Spain S.L., Marelli Aftersales Co., Ltd., Marelli Argentan France, Marelli Automotive Chassis System (Guangzhou) Co., Ltd., Marelli Automotive Components (Guangzhou) Corporation, Marelli Automotive Components (Wuhu) Co., Ltd., Marelli Automotive Components (Wuxi) Corporation, Marelli Automotive Electronics (Guangzhou) Co., Ltd., Marelli Automotive Lighting (Foshan) Co., Ltd., Marelli Automotive Lighting France, Marelli Automotive Lighting Italy S.p.A., Marelli Automotive Lighting Jihlava (Czech Republic) s.r.o., Marelli Automotive Lighting Juárez Mexico, S.A de C.V., Marelli Automotive Lighting Tepotzotlán México S. de R.L. de C.V., Marelli Automotive Systems Europe PLC, Marelli Automotive Systems UK Limited, Marelli Bielsko-Biała Poland Sp. z o.o., Marelli Business Service (Dalian) Co., Ltd., Marelli Business Service Corp., Marelli Cabin Comfort Mexicana, S.A. de C.V., Marelli Cabin Comfort Trading de México, S. de R.L. de C.V., Marelli Cluj Romania S.R.L., Marelli Corporation, Marelli do Brasil Indústria e Comércio Ltda., Marelli eAxle Torino S.R.L., Marelli Engineering (Shanghai) Co., Ltd., Marelli EPT Strasbourg (France), Marelli España S.A., Marelli Europe S.p.A., Marelli France, Marelli Fukushima Corporation, Marelli Germany GmbH, Marelli Global Business Services America, S. de R.L. de C.V., Marelli Global Business Services Europe s.r.o., Marelli Holding USA LLC, Marelli Holdings Co., Ltd., Marelli Indústria e Comércio de Componentes Automotivos Brasil Ltda., Marelli International Trading (Shanghai) Co., Ltd., Marelli Iwashiro Corp., Marelli Kechnec Slovakia s.r.o., Marelli Kyushu Corporation, Marelli Mako Turkey Elektrik Sanayi Ve Ticaret Anonim Sirketi, Marelli Mexicana, S.A. de C.V., Marelli Morocco LLC, Marelli North America, Inc., Marelli North Carolina USA LLC, Marelli Ploiesti Romania S.R.L., Marelli Powertrain (Hefei) Co., Ltd., Marelli R&D Co., Ltd., Marelli Ride Dynamics México S. de R.L. de C.V., Marelli Sistemas Automotivos Indústria e Comércio Brasil Ltda, Marelli Smart Me Up, Marelli Sophia Antipolis France, Marelli Sosnowiec Poland Sp. z. o.o., Marelli Suspension Systems Italy S.p.A., Marelli Tennessee USA LLC, Marelli Toluca México S. de R.L. de C.V., Marelli Tooling (Guangzhou) Corporation, and Marelli Yokohama Co., Ltd., collectively described as "a “Tier 1” automotive supplier and one of the largest automotive components suppliers in the world", at the U.S. Bankruptcy Court for the District of Delaware.

Budiman Effendi: Director Cancellation (Cayman Islands)

June 4, 2025
Decision Notice by the Cayman Islands Monetary Autority that it has cancelled the director registration of Budiman Effendi, who appears to be a citizen of Indonesia, for regulatory breaches, including not being "a fit and proper person".

Labuan FSA: Business Restrictions (May 21, 2025)

May 21, 2025
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 33 "Labuan Licensed Entities" for "non-compliance to minimum capital and/or other regulatory requirements".

Labuan FSA: Business Restrictions (May 8, 2025)

May 8, 2025
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 32 "Labuan Licensed Entities" for "non-compliance to minimum capital and/or other regulatory requirements".

Labuan FSA: Business Restrictions (March 13, 2025)

March 13, 2025
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 34 "Labuan Licensed Entities" for "non-compliance to minimum capital and/or other regulatory requirements".

Labuan FSA: Business Restrictions (February 4, 2025)

February 4, 2025
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 30 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements"

Trafigura Pte Ltd. v. Bank of America NA et al: Discovery Application (England)

January 27, 2025
Application by Trafigura Pte Ltd., of Singapore, to take discovery from Bank of America, N.A., Bank of China U.S.A., The Bank of New York Mellon Corporation, Barclays Bank PLC, New York Branch; BNP Paribas USA, Inc., Citibank N.A., The Clearing House Payments Company LLC, Commerzbank AG, New York Branch; Deutsche Bank Trust Co. Americas, HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Société Générale, New York Branch; Standard Chartered Bank, New York Branch; UBS AG, New York Branch, and Wells Fargo Bank, N.A. for use in legal proceedings in England against Indian businessman Prateek Gupta alleging "a massive fraud costing hundreds of millions of dollars", filed at the U.S. District Court for the Southern District of New York.

USA v. $20M in Funds & Securities: Forfeiture Complaint (‘1MDB Fraud’)

January 17, 2025
Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad ("1MDB"), a strategic investment and development company wholly owned by the government of Malaysia" in USA v. "$20,000,000 in funds and securities traceable directly or indirectly to UBS Account No. XX-XX715-WB and Fidelity Investment Account No. XXXX XX7922, including 8,268.80 shares of Vanguard Index FDS Vanguard Growth ETF formerly Vanguard Index TR Vipers (Ticker: VUG), 12,539.22 shares of Vanguard Index FDS Vanguard Value ETF formerly Vanguard Index TR (Ticker: VTV), and 17,860 shares of AKRE Focus Ind Instl (Ticker: AKRIX)" at the U.S. District Court for the Central District of California.

City Credit Investment Bank Ltd. v. Citibank, N.A. et al: Amended Discovery Application (Malaysia)

January 7, 2025
Amended Application by Luke Furler, as the liquidator of Malaysia-based City Credit Investment Bank Ltd., to take discovery from Citibank, N.A., Bank of America, N.A., Deutsche Bank, AG, Deutsche Bank Trust Company Americas, New York, JPMorgan Chase Bank, N.A., and Bank of New York Mellon Corp. for use in legal proceedings in Malaysia regarding a "global fraud" in which "an estimated 17,000 individuals" are "owed approximately 1.1 Billion U.S. Dollars", filed at the U.S. District Court for the Southern District of New York.

1MDB liquidators file second BVI lawsuit against Amicorp & CEO Toine Knipping, seek $1B+ for ‘knowing participation in fraud’

December 23, 2024
The liquidators of former Malaysian sovereign wealth fund 1MDB have filed a second lawsuit in the British Virgin Islands against Hong Kong-based corporate services provider Amicorp Group and its Dubai-based CEO, Toine Knipping, this one seeking damages in excess of $1 billion for alleged "knowing participation" in a multi-billion dollar fraud. Amicorp issued a statement that it "strongly denies the allegations".

‘1MDB liquidators file $1B+ BVI lawsuit against Amicorp & CEO Toine Knipping for alleged fraudulent trading’ (Plaintiffs’ Press Release)

December 23, 2024
Press Release headlined "1MDB launches claim against Amicorp Group for facilitating over $7 billion in fraudulent transactions", issued on behalf of the plaintiffs by Bryan Wang, of Byfield Consultancy. OffshoreAlert has been told that this action is an addition to a prior claim alleging dishonest assistance that was filed against Amicorp parties at the same court on June 23rd, 2024 and which, according to Byfield Consultancy, is still active.

Aabar Investments PJS Ltd. et al v. Amicorp B.V.I. Ltd. et al: Claim Form (‘Knowing Participation in $7.65B 1MDB Fraud’)

December 20, 2024
Claim Form alleging the respondents "knowingly participated" in an alleged $7.65 billion fraud committed by their clients against "a now-insolvent Malaysian sovereign wealth fund" known as 1MDB in Angela Barkhouse and Toni Skukla, as Joint Liquidators of Aabar Investments PJS Limited, SRC International (Malaysia) Limited, and Brazen Sky Limited v. Amicorp B.V.I. Limited, of the British Virgin Islands; Amicorp Management Limited, of the British Virgin Islands; Artemas Wealth Management (Barbados) Ltd., formerly known as Amergeris Wealth Management (Barbados) Ltd., of Barbados; Amicorp Fund Services N.V., of Curaçao; Amicorp Singapore PTE. Ltd., of Singapore; Amicorp Hong Kong Limited, of Hong Kong; Amicorp Limited, of Hong Kong; Amicorp Bank and Trust Limited, of Barbados, and Antonius Rudolphus Wilhelmus Knipping, a.k.a. Toine Knipping, of Dubai, United Arab Emirates, at the British Virgin Islands High Court.

Labuan FSA: Business Restrictions (December 13, 2024)

December 13, 2024
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 30 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements".

Probis Financial Services PTY Ltd. v. City Credit Investment Bank Ltd.: Grounds of Judgment (Contested Appointment of Liquidator)

December 10, 2024
Grounds of Judgment appointing Luke Furler as liquidator in Probis Financial Services PTY Limited, of Australia, described as a company in voluntary administration that "carried on business as a financial and insurance service provider" v. City Credit Investment Bank Limited, of Labuan, at the High Court in Sabah and Sarawak at the Federal Territory of Labuan, Malaysia.

Petronas Azerbaijan (Shah Deniz) Sàrl et al v. Bank of America et al: Discovery Application (Luxembourg & Spain)

November 22, 2024
Application by Petronas Azerbaijan (Shah Deniz) Sàrl and Petronas South Caucasus Sàrl, both of Luxembourg, to take discovery from Bank of America Corporation, Wells Fargo & Company, BankUnited, Inc., TD Group US Holdings LLC, The Clearing House Payments Company, L.L.C., CF Taurus (US) LLC, and Pacific Strategies & Assessments Americas LLC "in aid of certain foreign civil and private criminal proceedings that Petitioners intend to file in Luxembourg and Spain relating to a rogue arbitration proceeding commenced in Spain against the Malaysian government" in which an award for $14.9 billion was entered, filed at the U.S. District Court for the District of Delaware.

Petronas Azerbaijan (Shah Deniz) Sàrl et al v. Barclays Bank Plc et al: Discovery Application (Luxembourg & Spain)

November 21, 2024
Application by Petronas Azerbaijan (Shah Deniz) Sàrl and Petronas South Caucasus Sàrl, both of Luxembourg, to take discovery from A. Elizabeth Korchin, Fiona Hill-Samuel, William H. Weisman, described as "all former employees of Therium Group", which is a litigation funder, and Barclays Bank Plc "in aid of certain foreign civil and private criminal proceedings that Petitioners intend to file in Luxembourg and Spain relating to a rogue arbitration proceeding commenced in Spain against the Malaysian government" in which an award for $14.9 billion was entered, filed at the U.S. District Court for the Southern District of New York.

City Credit Investment Bank Ltd. v. Citibank, N.A. et al: Discovery Application (Malaysia)

October 17, 2024
Application by Luke Furler, as the liquidator of Malaysia-based City Credit Investment Bank Ltd., to take discovery from Citibank, N.A., Bank of America, N.A., Deutsche Bank, AG, Deutsche Bank Trust Company Americas, New York, JPMorgan Chase Bank, N.A., Bank of New York Mellon Corp., Chase Manhattan Bank New York, and Credit Lyonnais New York for use in legal proceedings in Malaysia regarding a "global fraud" in which "an estimated 17,000 individuals" are "owed approximately 1.1 Billion U.S. Dollars", filed at the U.S. District Court for the Southern District of New York.

Affinity Equity International Partners Ltd. et al v. Swizz Beatz et al: Complaint (‘$7.3M 1MDB Fraudulent Conveyance’)

October 2, 2024
Complaint for "the recovery of $7,300,000 that the notorious international fugitive Jho Low and his associates stole from the people of Malaysia and gifted to the Defendants - Dean, a well-known celebrity who goes by the stage name of "Swizz Beatz," and his companies" in Angela Barkhouse and Toni Shukla, as Liquidators of Affinity Equity International Partners Limited (in Liquidation) and Alsen Chance Holdings Limited (in Liquidation), both of the British Virgin Islands v. Kasseem Dean, described as "a notable record producer, rapper, disc jockey and record executive known professionally as 'Swizz Beatz'"; Monza Studios Inc., and Swizz Beatz Productions Inc. at the U.S. District Court for the Southern District of New York.

Angela Barkhouse et al v. Muraset Ltd. et al: Originating Application (‘1MDB Fraud/International Assistance’)

September 13, 2024
Originating Application for the Court's sanction "to assist with foreign proceedings" regarding "a substantial fraud" by Angela Barkhouse and Toni Shukla, as Joint Liquidators of Muraset Limited, Affinity Equity International Partners Limited, Pacific Rim Global Growth Limited, Vasco Investment Services SA, Selune Limited, Blackstone Asia Real Estate Partners Limited, 1MDB Energy Holdings Limited, Tanore Finance Corp., Aabar Investments PJS Limited, SRC International (Malaysia) Limited, SRC Strategic (Malaysia) Limited, SRC Strategic Resources Limited, Bright Oriande Limited, Brazen Sky Limited, Aabar International Investments Limited, Blackrock Commodities (Global) Limited, Alsen Chance Holdings Limited, Platinum Global Luxury Services Limited, Brightstone Jewellery Limited, and Abu Dhabi-Kuwait-Malaysia Investment Corporation, all in liquidation, at the British Virgin Islands High Court.

Pearl Holding III Ltd.: ‘Court Supervision’ Petition (Cayman Islands)

August 7, 2024
Petition for Court Supervision of a Voluntary Supervision in the matter of Pearl Holding III Limited (in Voluntary Liquidation), described as an "intermediate holding company" for an Asia-based group that "provides a broad range of high precision tools and complex injection molded components to product manufacturers in the electronics, automotive, healthcare and industrial markets", at the Grand Court of the Cayman Islands.

Pearl Holding II Ltd.: ‘Court Supervision’ Petition (Cayman Islands)

August 7, 2024
Petition for Court Supervision of a Voluntary Supervision in the matter of Pearl Holding II Limited (in Voluntary Liquidation), described as a "holding company" for an Asia-based group that "provides a broad range of high precision tools and complex injection molded components to product manufacturers in the electronics, automotive, healthcare and industrial markets", at the Grand Court of the Cayman Islands.

Pearl Holding I Ltd.: ‘Court Supervision’ Petition (Cayman Islands)

August 7, 2024
Petition for Court Supervision of a Voluntary Supervision in the matter of Pearl Holding I Limited (in Voluntary Liquidation), described as a "holding company" for an Asia-based group that "provides a broad range of high precision tools and complex injection molded components to product manufacturers in the electronics, automotive, healthcare and industrial markets", at the Grand Court of the Cayman Islands.

Labuan FSA: Business Restrictions (July 27, 2024)

July 27, 2024
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 25 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements".

1MDB Energy Holdings Ltd. et al: Originating Application (‘Foreign Assistance’)

July 24, 2024
Originating Application for the Court's sanction to provide "assistance" in "foreign proceedings" in the matter of Muraset Limited (in Liquidation), Affinity Equity International Partners Limited (in Liquidation), Pacific Rim Global Growth Limited (in Liquidation), Vasco Investment Services SA (in Liquidation), Selune Limited (in Liquidation), Blackstone Asia Real Estate Partners Limited (in Liquidation), 1MDB Energy Holdings Limited (in Liquidation), Tanore Finance Corp. (in Liquidation), Aabar Investments PJS Limited (in Liquidation), SRC International (Malaysia) Limited (in Liquidation), SRC Strategic Resources Limited (in Liquidation), Bright Oriande Limited (in Liquidation), Brazen Sky Limited (in Liquidation), Aabar International Investments Limited (in Liquidation), Blackrock Commodities (Global) Limited (in Liquidation), Alsen Chance Holdings Limited (in Liquidation), and Platinum Global Luxury Services Limited (in Liquidation) at the British Virgin Islands High Court.