Orasee Corporation

A firm whose vice-chairman was once former Bermuda Premier Sir David Gibbons has been ordered to turn over records to a U. S. Bankruptcy Trustee seeking to recover alleged fraudulent transfers of assets. Visual Technologies Ltd. had claimed that the laws of Bermuda - where it is incorporated - prevented it from producing certain documents.

A company whose beneficial owners include several Bermudians, including former Premier Sir David Gibbons is being sued in the United States. Orasee Corporation is a defendant in a civil lawsuit filed at the United States District Court for the Eastern District of New York on December 13, 2001.