Andrew Jones

The Court of Appeal of the Cayman Islands has thrown out a landmark US$111 million judgment against fraudulently-operated hedge fund Weavering Capital's two 'independent' directors, Stefan Peterson and Hans Ekstrom.

Judgment setting aside bankruptcy orders in Northern Mariana Islands Government v. William H. Millard and Patricia H. Millard at the Cayman Islands Court of Appeal.

Sixth Report of Liquidators of Grand Island Funds filed at the Grand Court of the Cayman Islands.

Fifth Report of Liquidators of Grand Island Funds filed at the Grand Court of the Cayman Islands.

Fourth Report of Liquidators of Grand Island Funds filed at the Grand Court of the Cayman Islands.

Third Report of Liquidators of Grand Island Funds filed at the Grand Court of the Cayman Islands.

Prominent Cayman Islands based businessman Naul Bodden has agreed to pay US$3.3 million to settle his liabilities to a fund group he controlled whose investors were defrauded out of US$19 million, including two banks licensed in Barbados and two hedge

Second Report of the liquidators of Grand Island Commodity Trading Fund, Grand Island Commodity Trading Fund II, Grand Island Income Fund, and Grand Island Master Fund Limited at the Grand Court of the Cayman Islands.

First Report of Liquidators of Grand Island Commodity Fund to the Grand Court of the Cayman Islands.

Nearly two years after the collapse of Enron, the collapse of the Parmalat food group has once again shed an unwelcome spotlight on the offshore sector of the Cayman Islands. Although it had nowhere near the level of Enron's more than 600 Cayman-registered subsidiaries, Parmalat nonetheless had a handful of subsidiaries or affiliated entities incorporated on the island, including an exempted mutual fund, and media reports have suggested one or more of them may have been used to hide assets for a group whose insolvency may be as much as €10 billion (US$12.6 billion).

A Bahamas arbitration tribunal has awarded nearly $500,000 against a Nevis-registered entity managed by Robin Cotterell on behalf of American fugitive Joseph Andrew Mann. The award was handed down on February 21, 2001 in favor of Nevada-registered Basic Capital Management for breach of contract against International Depository Trust Corp.