Liquidations & Insolvencies

Consent Order in Primeo Fund (in Official Liquidation) v. Nigel Fielding at the Grand Court of the Cayman Islands.

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.

Originating Application in CRT Special Investments LLC v. Kingate Euro Fund, Ltd. (in Liquidation) at the British Virgin Islands High Court.

Axiom Legal Financing Fund - Proposal from Taylor Moor International - November 29, 2012

Freezing Order in BVI Financial Services Commission v. Lemma Europe Insurance Company Limited at the British Virgin Islands High Court.

Axiom Legal Financing Fund - Notice of Extraordinary General Meeting - November 27, 2012

Ordinary Application in Selberg Products Limited v. SIA Petrobaltica at the British Virgin Islands High Court.

Originating Application in Herbert Smith Freehills, formerly Herbert Smith, v. A-Power Energy Generation Systems, Ltd. at the British Virgin Islands High Court.

Originating Application in Absolute Ascend Limited v. Hadley Chilton at the British Virgin Islands High Court.

Letter on behalf of Timothy Schools sent to Manager of The May Fair Hotel, in London on November 22, 2012 warning of "the threat" posed by OffshoreAlert's publisher, David Marchant, and advising that the hotel could be "named" in legal proceedings against OffshoreAlert

Letter to the Editor from Liam Kavanagh, on behalf of Rockfire Capital Limited, regarding his firm's involvement with Axiom Legal Financing Fund.

Complaint in Boston Private Bank and Trust Co. v. Dean Charles Boyce, as receiver for Emerald Isle Holdings Limited, Emerald Property Holdings Limited, Emerald Development Holdings Limited, Ambergris Cay Ltd., Ambergris Cay Builders Ltd., Ambergris Cay Transportation Corp., Ambergris Cay Utilities Ltd., Ambergris Developments Ltd., and AC Land Co. Limited, and British Caribbean Bank Limited, Ambergris Cay Partnership, and Turks and Caicos Sporting Club at Ambergris Cay Ltd. at the U. S. District Court for the District of Massachusetts.

Order transferring a case In the Matter of Portus Alternative Asset Management Inc., Portus Asset Management Inc., BancNote Corp., Premiers Derives Paris Inc., BNote Management Inc., BNote Ltd., AR Pioneer Fund, PDP Prudent Growth Fund Ltd. to the Financial Services Division at the Grand Court of the Cayman Islands.

Offshore providers in the Cayman Islands, Isle of Man, and Switzerland face huge liabilities after allowing insiders to loot Axiom Legal Financing Fund of tens of millions of pounds. Those most at risk from being sued by Axiom's eventual liquidators appear to be DMS Group, JP Funds Group, BDO Cayman, and Ogier, all in the Cayman Islands; Turnstone Group, in the Isle of Man; and Portland Financial Management, of Switzerland.

Ralph Janvey, as Receiver for the Stanford Receivership Estate; The Official Stanford Investors Committee, Sandra Dorrell, Samuel Troice, and Michoacan Trust v. Greenberg Traurig, LLP, Hunton & Williams, LLP, and Yolanda Suarez at the U. S. District Court for the Northern District of Texas.

Originating Application In the Matter of Arrowhead Target Fund Limited at the British Virgin Islands High Court.

Order authorizing liquidators to take action in Guernsey In the Matter of FuturesOne Innovative Fund SPC Limited at the British Virgin Islands High Court.

Order authorizing liquidators to take action in Guernsey In the Matter of Anchor Hedge Fund Limited at the British Virgin Islands High Court.

Order allowing liquidators to seek recognition in Guernsey In the Matter of Phi R(squared) Investment Fund SPC Limited at the British Virgin Islands High Court.

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

In their most recent letter to investors dated November 14, Axiom Legal Financing Fund's directors stated that an Extraordinary General Meeting will be held in December so that they can "present proposals regarding the continued management of the Fund". In

Letter to investors of Axiom Legal Financing Fund from the Fund's directors announcing the termination of investment manager Tangerine Investment Management.

Originating Application In the Matter of FuturesOne Innovative Fund SPC Limited at the British Virgin Islands High Court.

Originating Application In the Matter of Anchor Hedge Fund Limited at the British Virgin Islands High Court.

Originating Application In the Matter of Phi R (squared) Investment Fund SPC Limited at the British Virgin Islands High Court.

Originating Application In the Matter of FuturesOne Diversified Fund SPC Limited at the British Virgin Islands High Court.

Letter to the Editor from attorney David McIntosh QC, on behalf of Timothy Schools, regarding "untrue and defamatory" allegations against his client by OffshoreAlert.

New evidence uncovered by OffshoreAlert indicates that the recently-suspended Axiom Legal Financing Fund is hopelessly insolvent as a result of self-dealing and fraud by insiders. The Cayman Islands-domiciled Fund, which has raised more than £117 million, appears to be a Ponzi scheme.

Adversary Proceeding in Abdul Hussain Jaffar Rahmatallah Al Lawati;Martin Baerschmidt, Guy Coghlan, Mutrah Insofoam Co. (SAOC), Colin Jobe, Kevin Kapland, David Shaun Killa, Max Maurer-Loeffler, MK Investment Services Ltd., Arvind Nanda, Maheshchandra Purshottam Pawani, Michael Peers, Paulo Alexandre Da Costa Pereira, Ramesh Sajnani, Tulsidas Sajnani, Steel Panel LLC, Don Surrendra, and Vinico Fashion LLC v. Michael Linn Brown, Montague Morgan Slade Limited, Montague Morgan Slade Absolute Performance Fund Plc, Montague Morgan Slade Highly Diversified Fund Plc, and Montague Morgan Slade 1095 Fund Plc at the U. S. Bankruptcy Court for the Central District of California.

Originating Application in Koninklijke Philips Electronics NV v. Arima Devices Corporation at the British Virgin Islands High Court.

Order transferring a case styled 'In the Matter of Gottbetter Capital Master, Ltd.' to the Financial Services Division of the Grand Court of the Cayman Islands.

Judgment in RC Cayman Holdings LLC v. Michael Ryan at the Grand Court of the Cayman Islands.

Complaint to determine dischargeability of debt involving allegations of misappropriation in Fiduciary Trust Company International, of New York v. Jeffrey Ross Ackerman, of Weston, Massachusetts, at the U. S. Bankruptcy Court for the District of Massachusetts.

Ordinary Application in GPM Armenia Ltd. v. ACMC, Ltd. at the British Virgin Islands High Court.

Originating Application in Quinn Finance, Irish Bank Resolution Corporation Limited, Quinn Hotels Praha SA and Demesne Investments v. Lyndhurst Development Trading SA at the British Virgin Islands High Court.

Cayman Islands-domiciled Axiom Legal Financing Fund suspended redemptions and halted new subscriptions yesterday - a result of an investigation into the Fund by OffshoreAlert. Meanwhile, our ongoing investigation suggests that investors - who have invested at least £117 million - are victims of a massive fraud orchestrated by British solicitor Tim Schools and others.

Originating Application in Michael Wilson & Partners, Ltd. v. Goldensun Assets Limited 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.

Letter to the Editor from attorney Alan Fein on behalf of Sir Ronald Sanders informing OffshoreAlert of the dismissal on March 26, 2010 of a complaint brought by Bankruptcy Trustee of Innovative Communication Corp. at the U. S. District Court of the Virgin Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Netherlands by Loes van Kooten-Hendriks, as the Foreign Representative of Upper Deck International BV, at the U. S. Bankruptcy Court for the Southern District of New York.

Originating Application in Poah One Acquisition Holdings V Limited v. Mio Group Limited at the British Virgin Islands High Court.

Statement from Michael Ryan regarding his legal dispute with the Receivers of The Ritz-Carlton, Grand Cayman.

Order Denying Plaintiff's Motion for Temporary Restraining Order and Anti-Suit Injunction Against the Cayman Proceedings in Trikona Advisers Limited v. Rakshitt Chugh, Peak XV Capital Advisers, LLC, Peak XV Capital, LLC, Peak XV GP, LLC, Peak XV Fundamental Value, LP, ARC Capital, LLC, and Rakshitt Chugh, Trustee of the RC Family Trust, at the U. S. District Court for the District of Connecticut.

Originating Application in Aydin Orme San Ve. Tic AS v. Franklin Unicorp Limited at the British Virgin Islands High Court.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Kazakhstan by Marat Duysenbekovich Aitenov, as the Foreign Representative of JSC Astana Finance, at the U. S. Bankruptcy Court for the Southern District of New York.

Defendants' Memorandum of Law in Opposition to Plaintiff's Motion for Restraining Order and Anti-Suit Against the Cayman Proceeding in Trikona Advisers Limited v. Rakshitt Chugh, Peak XV Capital Advisers, LLC, Peak XV Capital, LLC, Peak XV GP, LLC, Peak XV Fundamental Value, LP, ARC Capital, LLC, and Rakshitt Chugh, Trustee of the RC Family Trust at the U. S. District Court for the District of Connecticut.

Originating Application in Stuart Mackeller v. Phoenix Lake Limited at the British Virgin Islands High Court.

Order of Dismissal in Bank of Scotland Plc v. Viking Energy Holdings Ltd. at the British Virgin Islands High Court.

Winding-Up Petition in Timothy Loh Solicitors v. China Absolute Return Fund Limited at the Grand Court of the Cayman Islands.

Joint Inspectors' Final Report in Isle of Man Financial Services Commission v. Louis Group Structured Capital Limited, LG SP Investments Ltd., Louis Group International (Europe) Limited, Louis Group SLN Limited, Louis Group Structured Fund Plc, and Louis Group (IOM) Limited at the Isle of Man High Court.