Asset Recovery

Claim Form in Martin Kenney & Co., Solicitors v. Julian Tyler Holt at the British Virgin Islands High Court.

Defense of Synaxus Holdings Limited in JP SPC 1 and JP SPC 4, d.b.a. Axiom Legal Financing Fund, v. Timothy Schools, Dale Stephenson, David Rae, Alec Linsley, David Kennedy, Rachel Hutson, Synergy IOM Limited, Synaxus Holdings Limited, Resolver Claims Management Limited, Check Mate Audits Limited, Noble Finance Limited, Sadira Limited, and Loret Investments Limited at the London High Court.

Re-Issued Costs Ruling regarding Echemus Investment Management Ltd., Echemus Group, LP, Martin S. Kenney, and CC International Limited in CIGNA Worldwide Insurance Company v. ACE Ltd. at the Grand Court of the Cayman Islands.

Motion for Return of Seized Funds in Corredores Asociados SA v. USA at the U. S. District Court for the Southern District of New York.

Ruling regarding who should pay costs and legality of service out of the jurisdiction in CIGNA Worldwide Insurance Company v. ACE Limited at the Grand Court of the Cayman Islands.

If an offshore investment fails, what viable remedies are available to investors seeking to recover damages? Who can they sue, what must they prove, how much does it cost, and when should they just accept their loss? Watch NowView Trailer

An open discussion about measures used to surreptitiously (and legally) discover concealed wealth and to attribute it to wrongdoers or wrongdoing. Watch NowView Trailer

This session will explore the treatment of duties of both Nominee or 'Offshore Company' directors by the courts in various jurisdictions and assess how it differs to that of Onshore or Regular Company directors. Watch Now View Trailer

Order adding Echemus Investment Management Ltd., Echemus Group, LP, CC International Limited, and Martin S. Kenney as parties for the purposes of costs only in CIGNA Worldwide Insurance Company v. ACE Limited at the Grand Court of the Cayman Islands.

Judgment in VTB Capital Plc v. Nutritek International Corp., Marshall Capital LLC, Marshall Capital Holdings Limited, and Konstantin Malofeev at the British Virgin Islands High Court.

Amended Joint Motion to Approve Settlement Agreement in U. S. Securities and Exchange Commission v. R. Allen Stanford, James M. Davis, Laura Pendergest-Holt, Stanford International Bank, Ltd., Stanford Group Company, and Stanford Capital Management, LLC at the U. S. District Court for the Northern District of Texas.

British Virgin Islands Liquidators' Response to Contempt Motion in U. S. Commodity Futures Trading Commission v. Nikolai Simon Battoo, BC Capital Group SA, BC Capital Group International Limited, a.k.a. BC Capital Group Limited, a.k.a. BC Capital Group Global; BC Capital Management LLP, and BC Capital Group Holdings SA at the U. S. District Court for the Northern District of Illinois.

Emergency Motion to hold Hadley Chilton and John Greenwood, of Baker Tilly (BVI) Limited, as the British Virgin Islands liquidators of funds controlled by Nikolai Batto, in contempt for allegedly violating an asset-freeze order in U. S. Commodity Futures Trading Commission v. Nikolai Simon Battoo, BC Capital Group SA, BC Capital Group International Limited, a.k.a. BC Capital Group Limited, a.k.a. BC Capital Group Global; BC Capital Management LLP, and BC Capital Group Holdings SA at the U. S. District Court for the Northern District of Illinois.

Caribbean regulator the Eastern Caribbean Central Bank and several Caribbean banks have been accused of 'fraudulently misappropriating' a bank owned by convicted fraudster Allen Stanford to keep its assets out of the hands of his victims.

Victims of Allen Stanford's multi-billion dollar Ponzi scheme are suing the Government of Antigua and Barbuda for its alleged participation in the fraud.

Complaint in Ralph S. Janvey, as Receiver for Stanford International Bank, Ltd., Allen Stanford, James Davis, Laura Pendergest-Holt, Stanford International Bank, Ltd., Stanford Group Company, and Stanford Capital Management, LLC, v. Pablo Mauricio Alvarado, Henry Amadio, Daniel "Danny" Bogar, Kennard "Kenny" Byron, Jay Comeaux, Anthony D'Aniello, Gordon Edwards, Jason Green, Luis Garcia, Laura "Suzanne" Hamm, Rebecca Hamric, Mark Kuhrt, Gilberto "Gil" Lopez, Patricia Maldonado, David Nanes, Laura Pendergest-Holt, Osvaldo Pi, Nelson Ramirez, Robert "Glen" Rigby, Jack Staley, Linda Wingfield, Robert Winter, and Bernard "Bernie" Young at the U. S. District Court for the Northern District of Texas.

Complaint in The Official Stanford Investors Committee v. Bank of Antigua, a.k.a. Eastern Caribbean Amalgamated Bank; Eastern Caribbean Central Bank, Antigua Commercial Bank, St. Kitts-Nevis-Anguilla National Bank Ltd., Eastern Caribbean Financial Holdings Company Ltd., National Commercial Bank (SVG) Ltd., National Bank of Dominica Ltd., and the Government of Antigua and Barbuda at the U. S. District Court for the Northern District of Texas.

Letter to investors of Axiom Legal Financing Fund from Joseph Egerton, of City Equities Limited, soliciting a proposal for the purported continuation of the Fund.

Ruling on Preliminary Issues in Irving H. Picard, as Trustee for the liquidation of the business of Bernard L. Madoff Investment Securities LLC (in Securities Investor Protection Act Liquidation) and Bernard L. Madoff Investment Securities LLC (in Securities Investor Protection Act Liquidation) v. Primeo Fund (in Official Liquidation) at the Grand Court of the Cayman Islands.

Application for Judicial Assistance by Jeremy Outen, John Milsom and David Standish, as Receivers for Mukhtar Ablyazov, filed at the U. S. District Court for the Southern District of New York.

Official Minutes of an Extraordinary General Meeting of shareholders of Axiom Legal Financing Fund held in London on December 11, 2012.

Notice to Investors of Axiom Legal Financing Fund by Directors Ronan Guilfoyle and Graham Hampson, dated December 18, 2012.

Investors in Axiom Legal Financing Fund have until Wednesday to try to block the appointment of KPMG's Kris Beighton and John Milsom as Receivers. Once KPMG is ensconced, it will be extremely difficult, perhaps impossible, to have them removed. For

The Irish and Cayman Islands operations of Ernst & Young are being sued by the liquidators of Weavering Macro Fixed Income Fund Limited, which collapsed in 2009 and has an estimated insolvency of more than US$500 million.

Writ of Summons in Weavering Macro Fixed Income Fund Limited (in Official Liquidation) v. Ernst & Young Chartered Accountants (a firm), domiciled in Ireland; Ernst & Young Ltd., and Ernst & Young (a firm), both domiciled in the Cayman Islands, at the Grand Court of the Cayman Islands.

Order to Conduct Investigations in Guernsey In the Matter of FuturesOne Diversified Fund SPC Limited at the British Virgin Islands High Court.

Sixth application to issue subpoenas in Otkritie International Investment Management Ltd., Otkritie Securities Limited, and Otkritie Financial Corporation JSC at the U. S. District Court for the Southern District of New York.

Asset Freezing Order in Landmark Property Management SA v. Walford Assets Management Ltd. at the British Virgin Islands High Court.

Judgment in dispute over liquidation fees in The Liquidation Committee of SPhinX Group of Companies v. Kenneth Krys and Margot MacInnis, as liquidators of The SPhinX Group of Companies, at the Grand Court of the Cayman Islands.

Ex Parte Originating Summons in Fitzpatrick International International Limited v. The Republic of Equatorial Guinea at the Grand Court of the Cayman Islands.

Originating Application in Field Investment Holdings Limited (in liquidation) v. Nordic Investors Corp. at the British Virgin Islands High Court.

Order in Andriy Malitskiy and Igor Filipenko v. Oledo Petroleum Ltd. and Oledo Petroleum Ltd. v. Andrey Grigoryevych Adamovsky and Stockman Interhold SA at the British Virgin Islands High Court.

Claim Form in Oledo Petroleum Ltd. v. Andrey Grigoryevych Adamovsky and Stockman Interhold SA at the British Virgin Islands High Court.

Ruling allowing substituted service on James Little in CIGNA Worldwide Insurance Company, through its court-appointed Receiver, Josie Senesie, regarding its Liberian branch, v. ACE Limited at the Grand Court of the Cayman Islands.

Fifth Application by Otkritie International Investment Management Ltd., Otkritie Securities Limited, and Otkritie Financial Corporation JSC for an Order to Issue Subpoenas To Obtain Discovery From Newedge, LLC and Dmitri Efimov, filed at the U. S. District Court for the Southern District of New York.

A bankruptcy judge in New York has extended an injunction preventing Cayman feeder funds from pursuing a petition to wind up Fletcher International in Bermuda. Judge Robert E. Gerber stated that he wanted to give the hedge fund "a reasonable time" to attempt to re-organize, while acknowledging it might be beyond saving.

Pre-Hearing Opposition to Plaintiff's Motion for Preliminary Injunction in Fletcher International, Ltd. v. Fletcher Income Arbitrage Fund, FIA Leveraged Fund, and Fletcher Fixed Income Alpha Fund, Ltd. at the U. S. Bankruptcy Court for the Southern District of New York.

New York, rather than Bermuda, is a more convenient jurisdiction to liquidate Bermuda-domiciled master hedge fund Fletcher International, Ltd. - but only if its "pre-petition operating team" is removed. That is the stance of the offshore liquidators of one of three Cayman Islands-domiciled feeder funds that are involved in litigation with the Fletcher Fund Group in Cayman, Bermuda and New York.

Declaration of Donald MacKenzie in support of Fletcher International, Ltd.'s motion for TRO and other relief in Fletcher International, Ltd. v. Fletcher Income Arbitrage Fund, Ltd., FIA Leveraged Fund, and Fletcher Fixed Income Alpha Fund, Ltd. at the U. S. Bankruptcy Court for the Southern District of New York.

More than 900 investors who redeemed $1.4 billion from an insolvent British Virgin Islands-domiciled fund that fed money into Bernard Madoff's fraud are a step closer to not having to pay back the money following a judgment at the Eastern Caribbean Court of Appeal.

Ex Parte Originating Summons by Cable and Wireless (Cayman) Limited regarding a subpoena to provide "confidential information" regarding William and Patricia Millard for litigation in New York, filed at the Grand Court of the Cayman Islands.

Judgment regarding an attempt by the liquidators of Fairfield Sentry Limited, of the British Virgin Islands, to clawback redemptions from hedge fund investors In the Matter of the liquidation of Fairfield Sentry Limited and In the Matter of Quilvest Finance Limited, Caja de Ahorros y Monte de Piedad de Madrid, Deutsche Bank (Suisse) SA, SNS Global Custody BV, Deutsche Bank Trust Company Americas, Bank Julius Baer & Co. Ltd., Lloyds TSB Bank, Martello Nominees Limited, ABN AMRO Fund Services (Isle of Man) Nominees Limited, Wise Global Fund Limited, Lombard, Odier, Darier, Hentsch & Cie, Mirabaud & Cie, SG Private Banking (Suisse) SA, EFG Bank SA, EFG Bank European Financial Group SA, Pictet & Cie, Credit Suisse London Nominees Limited, Buckmore Nominees Limited, UBS AG, UBS (Cayman) Limited, UBS (Luxembourg) SA, Alfredo Migani, Banco General SA, Banca Privada, Arbitral Finance Inc. and others.

Investors who were defrauded out of approximately US$19 million by four Cayman Islands-based hedge funds known as the Grand Island Funds received an initial dividend of 57 cents in the dollar last month from the liquidators, with the prospect of up to six cents more as a final dividend. The first distribution was made possible after the liquidators received US$7 million from the Funds' former service providers, directors and other insiders to settle disputes.

Claim Form in Andriy Malitskiy and Igor Filipenko v. Andrey Grigoryevych Adamovsky and Stockman Interhold SA at the British Virgin Islands High Court.

Complaint in Harvardsky Prumyslovy Holding, AS, a.k.a. Harvard Holdings, domiciled in the Czech Republic, v. Viktor Kozeny, a resident of the Bahamas, and Landlocked Shipping Company, domiciled in the Turks and Caicos Islands, at New York State Supreme Court.

Judgment in Gray1 CPB, LLC v. Gulfstream Finance, Inc., Bruce Elieff, and Kathy Elieff at the Grand Court of the Cayman Islands.

USA's Ex Parte Application to Enforce and Register Foreign Restraining Orders in connection with an investigation in the United Kingdom into an alleged money laundering scheme by James Onanefe Ibori, former Governor of Nigeria's Delate State, and Bhadresh Gohil, an English attorney, filed at the U. S. District Court for the District of Columbia.

Petition of Eleanor Grace Fisher, of Zolfo Cooper (Cayman) Limited, and John Howard Batchelor and Bruno Arboit, of FTI Consulting, to wind-up PAC Ltd. at the Grand Court of the Cayman Islands.

Default Judgment in USA v. All Funds on Deposit at UBS AG in Name of Wegelin & Co. at the U. S. District Court for the Southern District of New York.

Order granting permission to serve costs summons on Echemus Group LP, Echemus Investment Management Ltd., Echemus International, Ltd., Martin S. Kenney, CC International Limited and James Little outside the jurisdiction in CIGNA Worldwide Insurance Company v. ACE Limited at the Grand Court of the Cayman Islands.