Ernst & Young

Originating Application In the Matter of Chicota Holdings Limited at the British Virgin Islands High Court.

News release by the Bermuda Monetary Authority announcing the winding up of Cumulus Eastern European Property Fund Limited.

Petition for Restoration to the Register of Companies and Winding Up in Yukio Miyamae and Gen Kato v. Ebullio Far East Commodity Fund Inc. at the Grand Court of the Cayman Islands.

Chapter 15 Petition for recognition of a Foreign Main Proceeding in Canada by William Aziz, as the Foreign Representative of U. S. Steel Canada Inc., at the U. S. Bankruptcy Court for the Southern District of New York.

Originating Summons In the Matter of Touchcorp Limited at Bermuda Supreme Court.

Liquidation Order In the Matter of Mayer Corporation Development International Limited at the British Virgin Islands High Court.

Liquidation Application in Great Vantage Investments Limited v. Smart Fujian Group Limited at the British Virgin Islands High Court.

Liquidation Application in Kevin Lau v. Kesterion Investments Limited at the British Virgin Islands High Court.

Liquidation Application In the Matter of Mayer Corporation Development International Limited at the British Virgin Islands High Court.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Ernst & Young, as the Foreign Representative of Architel Systems Corporation, Nortel Communications Inc., and Northern Telecom Canada Limited, at the U. S. Bankruptcy Court for the District of Delaware.

Reasons for Ruling on Appointment of Liquidators in Platinum Management (NY) LLC v. Platinum Partners Value Arbitrage Fund LP and Parris Investments Limited v. Platinum Partners Value Arbitrage Fund (International) Ltd. at the Grand Court of the Cayman Islands.

Liquidation Application in Marashen Limited v. Kenvett Limited at the British Virgin Islands High Court.

Originating Application in Ulmart Holdings Inc.. v. Templeton Strategic Emerging Markets Fund IV, Inc. at the British Virgin Islands High Court.

Liquidation Application in Starr Investments Cayman II, Inc. v. Thousand Space Holdings Limited at the British Virgin Islands High Court.

Decision Notice by the Cayman Islands Monetary Authority regarding The Cubex Investment Fund, Ltd.

Application for Discovery in Foreign Proceedings in OmniArch Capital Corporation, OmniArch Management Corporation, OmniArch Fixed Income Limited Partnership, and OmniArch Fixed Income G.P. Ltd. v. ABS Investment Group, LLC at the U. S. District Curt for the Southern District of California.

Two more investment firms - Caldora International Fund and Caldora Asset Management - have had their licenses revoked in Mauritius as regulators continue to dismantle David Cosgrove's Belvedere Management Group, which was exposed as a global financial criminal enterprise by OffshoreAlert in 2015.

Opinion and Order in U. S. Securities and Exchange Commission v. Caledonian Bank Ltd. and Caledonian Securities Ltd. at the U. S. District Court for the Southern District of New York.

Liquidation Application in Clipper Investment Limited v. Incline Holdings Limited at the British Virgin Islands High Court.

Petition In the Matter of Birmingham International Holdings Limited, owner of Birmingham City Football Club, at the Grand Court of the Cayman Islands.

Liquidation Application in Everglory Energy Limited v. Shih-Hua Investment Co. Ltd. at the British Virgin Islands High Court.

Petition In the Matter of GLG Emerging Markets Credit Opportunity Fund at the Grand Court of the Cayman Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Neil Narfason, as the Foreign Representative of ATK Oilfield Transportation Inc. and ATK Oilfield Transportation (USA) Inc., at the U. S. Bankruptcy Court for the Western District of Texas.

Memorandum of Caledonian Bank Ltd. and Caledonian Securities Ltd, in further support of the proposed settlement with the SEC in the U. S. Securities and Exchange Commission v. Caledonian Bank Ltd. and Caledonian Securities Ltd. at the U. S. District Court for the Southern District of New York.

The U. S. SEC and the liquidators of Cayman Islands-domiciled Caledonian Bank have objected to an attempt by Sentinel Trust Services to block their proposed settlement of a securities fraud complaint and have questioned Sentinel's claim to be the bank's "owner".

Liquidators' Response to an attempt by Sentinel Trust Services Limited to intervene in the U. S. Securities and Exchange Commission v. Caledonian Bank Ltd. and Caledonian Securities Ltd. at the U. S. District Court for the Southern District of New York.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Gérald Duhamel, as the Foreign Representative of Bluberi Gaming Technologies Inc., Bluberi Group Inc., and Bluberi USA, Inc., at the U. S. Bankruptcy Court for the Northern District of Illinois.

Originating Summons in HSBC Bank Bermuda Limited v. St. Clair Sean Tucker and William John Carr at Bermuda Supreme Court.

The SEC's fraud lawsuit against Cayman Islands-based Caledonian Bank has gone from bad to worse for the U. S. regulator, with two of the agency's main attorneys on the case leaving following criticism from a federal judge and an agreed settlement between the parties requiring the bank to make "no monetary payment".

Petition in Johannes Runar Johansson v. Kaupthing hf., formerly Kaupthing Bank hf., at the Grand Court of the Cayman Islands.

Confidential Circular to Creditors of Caledonian Bank by Joint Official Liquidator Keiran Hutchison, of Ernst & Young (Cayman).

Winding Up Petition in Zhao Han, of China v. PPS International (Holdings) Limited, described as a Cayman Islands company based in Hong Kong, at the Grand Court of the Cayman Islands.

Originating Summons - Ex Parte On Notice In the Matter of Birmingham International Holdings Limited at the Grand Court of the Cayman Islands.

Winding Up Petition in Cayman Islands Monetary Authority v. Melstrep Neural Network No. 1 Fund Limited at the Grand Court of the Cayman Islands.

Two more Belvedere Management Group investment vehicles - The Two Seasons PCC and Venture Assets PCC - have been closed down by the Financial Services Commission in Mauritius.

Liquidation Application in the British Virgin Islands Financial Services Commission v. AAUG Insurance Co. Ltd. at the British Virgin Islands High Court.

Reasons for Judgment in the matter of Integra Group at the Grand Court of the Cayman Islands.

Liquidation Application in Volati Ltd. v. EchoSense Inc. at the British Virgin Islands High Court.

Cayman Islands-based Caledonian Bank has millions of dollars of related-party transactions that typically "can be difficult to recover full value" and is exposed to "a single large loan" of $93.7 million, representing more than half of all loans receivable. The grim news for creditors came in the first report of liquidators Keiran Hutchison and Claire Loebell.

First Report of Joint Official Liquidators Keiran Hutchison and Claire Loebell to Creditors of Caledonian Bank Limited.

Petition to continue the voluntary liquidation of Caledonian Group Services Limited under the supervision of the Grand Court of the Cayman Islands.

Offering Memorandum for Caledonian Bank Limited and Caledonian Securities Limited (both in Official Liquidation) distributed by Ernst & Young. Note: OffshoreAlert has removed Page 4 of the document to protect the identity of the recipient.

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

Research by OffshoreAlert indicates that insolvent Caledonian Bank is controlled by Canadian hedge fund boss and United States citizenship-renouncer Terry Duffy, not Curaçao-based hedge fund services provider Gordon Casey, as claimed by the Cayman Islands Monetary Authority in its petition to wind up the bank.

Winding Up Order in Cayman Islands Monetary Authority v. Caledonian Bank Limited at the Grand Court of the Cayman Islands.

Winding Up Petition in Cayman Islands Monetary Authority v. Caledonian Securities Limited at the Grand Court of the Cayman Islands.

Winding Up Petition in Cayman Islands Monetary Authority v. Caledonian Bank Limited at the Grand Court of the Cayman Islands.

At 3.45 p.m. EST today, a federal bankruptcy judge in Manhattan temporarily stayed an asset freeze in the United States against the assets of Cayman Islands-based Caledonian Bank after an application by its Cayman-based controllers, who have asked for their controllership to be recognized in the U. S.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Keiran Hutchison and Claire Loebell, as the Foreign Representatives of Caledonian Bank Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

A resolution by shareholders of Caledonian Bank and Caledonian Securities to put the companies into voluntary liquidation in an apparent attempt to stymie regulatory action locally has been rejected by the Chief Justice of the Cayman Islands.