Walkers

U.S.-based 'distressed business investor' Tony Bobulinski is suing Cayman Islands law firm Walkers, insolvency specialist Grant Thornton, and others in California, alleging he suffered losses totaling "tens of millions of dollars" as a result of a "fraudulent conspiracy" regarding the liquidation of China Branding Group.

Complaint alleging "a coordinated series of material misrepresentations, culminating in a secret, fraudulent transaction that allowed Defendants to avoid making Tony Bobulinski whole on a debt that they all knew he was owed" in Tony Bobulinski, described as "an expert in investing in distressed businesses" who "provided critical bridge funding to a now-defunct Cayman Islands company called China Branding Group" v. Hugh Dickson, of the Cayman Islands; Hickory Grove, LLC, Jake Fisch, described as a resident of Shanghai, China; Don Williams, Grant Thornton Specialist Services Ltd., of the Cayman Islands; Robert Roche, Theresa Roche, Phillip Tyrrell, described as a resident of the Cayman Islands; Sheppard Mullin Richter & Hampton LLP, Walkers LLP, of the Cayman Islands; MGG Investment Group, LP, and Does 1 through 50 at the U.S. District Court for the Central District of California.

Judgment dismissing an application by the First to Fourth Plaintiffs to set aside or vary an order of the Court of Appeal in respect of security for costs and granting an application by the Defendant for the dismissal of the proceedings with costs against the First to Fourth Plaintiffs in Arnage Holdings Limited, Brooklands Holdings Limited, East Farthing Holdings Limited, Katia Rabello, of Brazil, and Fernando Toledo, of Brazil v. Walkers law firm at the Grand Court of the Cayman Islands. In the judgment, it was stated that the Fifth Plaintiff's claim "had been resolved" and that he had entered into a "Settlement".

In a complaint that the Grand Court of the Cayman Islands concealed from the public for over two months, Walkers law firm in Dubai is being sued for at least $60 million in damages by a Qatar state-owned investor for allegedly providing "dishonest assistance" to a fraudulent investment fund known as Port Fund.

Originating Summons in which a Cayman Islands corporate services provider plaintiff "seeks the determination of the Court as to the meaning and effect of Section 255 and Section 281 D of the Companies Act (2022 Revision)" in Walkers Corporate Limited v. The Minister of Financial Services and Commerce, The Registrar of Companies, and The Attorney General of the Cayman Islands at the Grand Court of the Cayman Islands.

Amended Writ of Summons and Statement of Claim in The Port Fund LP, of the Cayman Islands, and General Retirement and Social Insurance Authority, of Qatar v. Walkers (Dubai) LLP, a Dubai-based law firm, at the Grand Court of the Cayman Islands.

Judgment regarding "a troubling case" in which "Fernando Toledo ... has failed to fully and properly comply with a court order" in Arnage Holdings Limited, Brooklands Holdings Limited, East Farthing Holdings Limited, Katia Rabello, and Fernando Toledo v. Walkers, a law firm, at the Grand Court of the Cayman Islands.

Writ of Summons and Statement of Claim in The Port Fund LP, of the Cayman Islands, and General Retirement and Social Insurance Authority, of Qatar v. Walkers (Dubai) LLP, a Dubai-based law firm, at the Grand Court of the Cayman Islands.

Walkers law firms in the Cayman Islands and Dubai are being sued for alleged negligence by two Kuwait state-owned entities regarding a fund whose Arab investors were allegedly swindled out of hundreds of millions of dollars.

Amended Writ of Summons alleging negligence and breach of duty in Kuwait Ports Authority and The Public Institution for Social Security, both of Kuwait, derivatively on behalf of The Port Fund LP v. Walkers, a Cayman Islands law firm, and Walkers (Dubai), a law firm in the United Arab Emirates, at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation by Graham F. Robinson, as Voluntary Liquidator of Wireline Development Fund Ltd. (in Voluntary Liquidation), which "entered voluntary liquidation after an Administrative Order by the United States Securities and Exchange Commission imposed a fine of US$650,000" on its parent, digital assets firm Wireline Inc., "for an unregistered securities offering and alleged fraud involving the Company", at the Grand Court of the Cayman Islands.

Writ of Summons alleging negligence in Kuwait Ports Authority and The Public Institution For Social Security v. Walkers, a law firm in the Cayman Islands, and Walkers, a law firm in Dubai, at the Grand Court of the Cayman Islands.

Winding Up Petition in Sheng Lu, described as "a former employee of BVCF Management Ltd." v. BVCF Management Ltd., described as being "in the business of managing investments in growth stage companies in the life sciences industry and healthcare services in the People's Republic of China ", at the Grand Court of the Cayman Islands.

Writ of Summons in Walkers, a Cayman Islands law firm v. Georgina Celia Bizerra Maksoud, Vera Lucia Barbosa, and Hidroservice Engenharia Ltda., all of Brazil, at the Grand Court of the Cayman Islands.

Amended Writ of Summons and Statement of Claim for damages "well in excess of USD 100 million" alleging "deliberate, serial and systematic unlawful conduct" that a loss of "well in excess of USD 100 million" in Kuwait Ports Authority and The Public Institution for Social Security, both of Kuwait v. Port Link GP Ltd., of the Cayman Islands; Mark Eric Williams, described as a citizen of the United States residing in Georgia; Wellspring Capital Group Inc., of Georgia, USA, and KGL Investment Company Asia, of the Cayman Islands, at the Grand Court of the Cayman Islands.

Walkers law firm in the Cayman Islands has successfully appealed a summary judgment that was entered against it in favor of former clients - two Brazilian bankers and related companies - who are seeking damages of up to $400 million for alleged breaches of trust, loyalty, and confidence.

Winding Up Petition alleging a debt of $31 million and seeking the appointment of liquidators in the Cayman Islands and England in Polarcus DMCC, of Dubai v. Polarcus Limited, described as being "part of a group of 23 entities incorporated in various jurisdictions, including but not limited to Norway, Cayman Islands, United Arab Emirates, England, Brazil, Egypt, Cyprus, Nigeria, France, Singapore and United States of America", at the Grand Court of the Cayman Islands.

Judgment allowing Cayman Islands law firm Walkers' appeal against summary judgment that was previously obtained by two Brazilian bankers and related companies in Walkers v. Arnage Holdings Limited, Brooklands Holdings Limited, East Farthing Holdings Limited, Katia Rabello, and Fernando Toledo at the Court of Appeal of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Kelip-Kelip II Cayman Limited (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Writ of Summons in Neoma Manager (Mauritius) Limited, as the Manager of Neoma Private Equity Fund IV LP v. Neoma Global Growth Markets Fund (B) LP, Bicorp S.A.L., of Lebanon; Crown Global Secondaries III Plc, of Ireland; Falcon Flight LLC, of New York, NY; Raghida Ghandour, of Dubai, and The Public Institution for Social Security, of Kuwait, at the Grand Court of the Cayman Islands.

Complaint alleging breach of contract regarding a "failure to make contractually-mandated interest payments on certain debt securities" in Beauregarde Holdings LLP, of England; Beauregarde Holdings II LLP, of England; City National Rochdale Fixed Income Opportunities Fund, of Delaware; Blue Hiawatha, LLC, of Delaware; White Beech SNC, LLC, of Delaware; Ginkgo Tree, LLC, of Delaware; Crown Managed Accounts SPC - Crown/GT Segregated Portfolio, of the Cayman Islands; MA Multi-Sector Opportunistic Fund, LP, of Delaware; San Bernardino County Employees Retirement Association, of California; High Yield and Bank Loan Series Trust, of the Cayman Islands; Louisiana State Employees Retirement System, of Louisiana; Guadalupe Fund, LP, of Texas; GT NM, LP, of Delaware; GoldenTree Credit Opportunities Master Fund Ltd., of the Cayman Islands; GoldenTree Master Fund, Ltd., of the Cayman Islands; GN3 SIP Limited, of Jersey, in the Channel Islands; GoldenTree Insurance Fund Series Interests of the SALI Multi-Series Fund, L.P., of Delaware, and GoldenTree V1 Master Fund, L.P., of the Cayman Islands v. The Province of Entre Rios, described as "a political subdivision of the Republic of Argentina", at the U. S. District Court for the Southern District of New York.

Petition seeking the Court's sanction for a Scheme of Arrangement in the matter of Huifu Limited, described as a Cayman Islands company based in China and Hong Kong that is "a leading independent third party payment service provider in the PRC", at the Grand Court of the Cayman Islands.

Order granting a request for international judicial assistance to obtain evidence in the Cayman Islands from Bell Rock Group Financial Services Limited, Campbell Corporate Services Limited, CO Services Cayman Limited, DMS Corporate Services Ltd., Forbes Hare Trust Company Limited, Genesis Trust & Corporate Services Ltd., Harneys Services (Cayman) Limited, now known as Harneys Fiduciary (Cayman) Limited; Intertrust Corporate Services (C.I.) Limited, now known as Intertrust Corporate Services (Cayman) Limited; Ocorian (Cayman) Limited, Sterling Trust (Cayman) Limited, Trident Trust Company (Cayman) Limited, Vistra (Cayman) Limited, and Walkers Corporate Limited for legal proceedings in Canada, Dubai, England, Malaysia, and the USA brought by Skatteforvaltningen, a.k.a. SKAT, which is Denmark's tax collection agency, issued at the Grand Court of the Cayman Islands.

Writ of Summons and Statement of Claim alleging "deliberate, serial and systematic unlawful conduct" that a loss of "well in excess of USD 100 million" in Kuwait Ports Authority and The Public Institution for Social Security, both of Kuwait v. Port Link GP Ltd., of the Cayman Islands, at the Grand Court of the Cayman Islands.

Ruling on the Defendant's Applications for Leave to Appeal and Security for Costs in Arnage Holdings Limited, Brooklands Holdings Limited, East Farthing Holdings Limited, Katia Rabello, and Fernando Toledo v. Walkers, a Cayman Islands law firm, at the Grand Court of the Cayman Islands.

Petition regarding a Scheme of Arrangement in the matter of Global Indemnity Limited at the Grand Court of the Cayman Islands.

Denmark's national tax agency has applied to take discovery from 21 corporate services providers in the British Virgin Islands and Cayman Islands whose clients are suspected of participating in a $2 billion tax refund fraud.

Motion for Issuance of a Request for International Judicial Assistance to Obtain Evidence in the Cayman Islands from Bell Rock Corporate Services, Campbell Corporate Services Limited, CO Services Cayman Limited, DMS Corporate Services Ltd., Forbes Hare Trust Company Limited, Genesis Trust & Corporate Services Ltd., Harneys Services (Cayman) Limited, Intertrust Corporate Services (C.I.) Limited, Ocorian (Cayman) Limited, Sterling Trust (Cayman) Limited, Trident Trust Company (Cayman) Limited, Vistra (Cayman) Limited, and Walkers Corporate Limited regarding an allegedly fraudulent 12.7 billion Danish Kroner tax refund fraud scheme whose "principal organizer" was identified as Dubai-based British national Sanjay Shah in Skatteforvaltningen, a.k.a. SKAT, Denmark's tax collection agency v. John van Merkensteijn, Richard Markowitz, Bernina Pension Plan Trust, RJM Capital Pension Plan Trust, 2321 Capital Pension Plan, Bowline Management Pension Plan, California Catalog Company Pension Plan, Clove Pension Plan, Davin Investments Pension Plan, Delvian LLC Pension Plan, DFL Investments Pension Plan, Laegeler Asset Management Pension Plan, Lion Advisory Inc. Pension Plan, Mill River Capital Management Pension Plan, Next Level Pension Plan, Rajan Investments LLC Pension Plan, Spirit on the Water Pension Plan, and Traden Investments Pension Plan at the U. S. District Court for the Southern District of New York.

Winding Up Petition alleging fraud in Sandra Holding Ltd. v. Universal Enterprises Ltd., described as being owned by six brothers who are all citizens of Kuwait, at the Grand Court of the Cayman Islands.

In an application to take discovery from 12 US banks, a financial institution owned by six Arab nations claims that "hundreds of millions of dollars are missing" from a Cayman Islands investment fund that was set up to invest in "port-related assets around the world".

Application by Gulf Investment Corporation, of Kuwait, described as "a supranational financial institution owned equally by the six Gulf Cooperation Council states: The Kingdom of Bahrain; The State of Kuwait; The Sultanate of Oman; The State of Qatar; The Kingdom of Saudi Arabia; and The United Arab Emirates", to take discovery from Bank of America, NA, The Bank of New York Mellon, Citibank, NA, Deutsche Bank AG, New York Branch; Deutsche Bank Trust Company USA, Goldman Sachs and Co., HSBC Bank USA, NA, JPMorgan Chase Bank, NA, Mashreqbank PSC, New York Branch; National Australia Bank Limited, New York Branch; Standard Chartered Bank, New York Branch; and Wells Fargo Bank NA for use in "contemplated litigation in the Cayman Islands" regarding "hundreds of millions of dollars that have gone missing", filed at the U. S. District Court for the Southern District of New York.

Winding Up Petition in LAM Global Management Ltd. I v. IIG Structured Trade Finance Fund Ltd. at the Grand Court of the Cayman Islands.

Originating Summons in Gulf Investment Corporation, of Kuwait v. The Port Fund LP and Port Link (GP) Limited at the Grand Court of the Cayman Islands.

Winding Up Petition in The Core Trust Company Limited, of Hong Kong v. Puxin Limited, whose shares are listed on the New York Stock Exchange, at the Grand Court of the Cayman Islands.

Decision Notice by the Dubai Financial Services Authority that it has imposed a fine of $3 million against Al Masah Capital Limited, of the Cayman Islands, for regulatory breaches.

Complaint in USA, acting at the request of the Federal Trade Commission v. Third Point Offshore Fund Ltd., of the Cayman Islands, where its registered agent is Walkers Corporate Limited; Third Point Ultra Ltd., of the British Virgin Islands, where its registered agent is Maples Corporate Services (BVI) Ltd.; Third Point Partners Qualified L.P., of Delaware, and Third Point LLC, domiciled in Delaware, based in New York, NY, at the U. S. District Court for the District of Columbia.

Brazilian bankers Katia Rabello and Fernando Toledo and related companies have obtained summary judgment in the Cayman Islands against major offshore law firm Walkers and will ask the court to award damages of up to $400 million, the plaintiffs' lead attorney has announced.

News Release by Cayman Islands law firm Etienne Blake regarding summary judgment at the Grand Court of the Cayman Islands for their clients, Katia Rabello, Fernando Toledo, Arnage Holdings Ltd., Brooklands Holdings Ltd., and East Farthing Holdings Limited against Walkers law firm.

Judgment in Arnage Holdings Ltd., of the Cayman Islands; Brooklands Holdings Ltd., of the Cayman Islands; East Farthing Holdings Limited, of the Cayman Islands, Katia Rabello, of Brazil, and Fernando Toledo, of Brazil v. Walkers, a Cayman Islands law firm, at the Grand Court of the Cayman Islands.

Letter from the Plaintiff notifying a New York court that Bermuda-domiciled insurance holding company Athene Holding Ltd., whose shares are listed on NYSE, "ran to a court in Bermuda" to obtain "what it represents to be an ex parte injunction purporting both to bar Plaintiff from prosecuting the New York Action and to require Plaintiff to take affirmative steps to stay this action" in Central Laborers' Pension Fund v. Athene Asset Management LLC and Apollo Global Management LLC, both of Delaware, as Defendants, and Athene Holding Ltd., as Nominal Defendant, at the Supreme Court of the State of New York, County of New York. This document includes a copy of the "interim injunction" entered by Bermuda's Chief Justice, Narinder Hargun, sitting at Bermuda Supreme Court, on July 5th, 2019 following an application on Athene Holding Ltd.'s behalf by Walkers Bermuda law firm.

Petition for Court Supervision of a Voluntary Liquidation in Christopher Kennedy, of the Cayman Islands, and Neil Hayward, of Dubai, v. Fulcrum Diversified Income Note Fund (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Judgment in Bermuda Bar Council v. Walkers (Bermuda) Ltd. at the Privy Council, in the United Kingdom.

Stop Notice by Soumiya Pereira regarding shares in Unicon Holding owned by Serge Roger Pereira, filed at the Grand Court of the Cayman Islands.

Writ of Summons in Oakham Towers Limited v. Parabel Limited at the Grand Court of the Cayman Islands.

Originating Summons in Jianjun Peng v. Smart King Ltd. at the British Virgin Islands High Court.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Russell Crumpler, as the Foreign Representative of Keystone Private Equity Investments Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Stop Notice by Credit Agricole Corporate and Investment Bank regarding shares in Kosmos-Trident International Petroleum, Inc. owned by Kosmos Energy Equatorial Guinea, filed at the Grand Court of the Cayman Islands.

Registers of Members and Directors & Officers for Uulala Ltd., obtained from the company's registered agent.

Martin Kenney Declaration re. Garrett Kelleher's Motion for Leave to File Third-Party Complaint, Reopen the Record, and Conduct an Evidentiary Hearing in The Abi Jaoudi and Azar Trading Corp. v. CIGNA Worldwide Insurance Company at the U. S. District Court for the Eastern District of Pennsylvania.