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Bermuda firm ordered to turn over corporate records to US Bankruptcy Trustee

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.

Bankruptcy Trustee seeks sanctions against Bermuda firm

A U. S. Bankruptcy Trustee has asked a court to apply sanctions against a Bermuda-registered group closely associated with former Premier Sir David Gibbons. It is part of an attempt by Barbara B. Stalzer to recover assets that she claims were fraudulently transferred by the NimsTec group to avoid paying its debts.

Bermuda firm suspected of fraudulent transfer of assets

A company partly-owned by former Bermuda Premier Sir David Gibbons and other Bermuda-based investors is being investigated for a suspected fraudulent conveyance of assets in the United States. It is the latest chapter in the sordid saga of NimsTec Ltd., a 3-D technology firm which - together with predecessor companies and affiliates - has lurched from one fiasco to another over many years.

Jerry Nims in more hot water as 3-D farce continues

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.