Belasko Jersey Ltd.: £19.2K Fine (Jersey)
Public Statement by the Jersey Financial Services Commission that it has imposed a fine of £19,211 for regulatory breaches.
Lansdowne Road Investments: Restoration Application (Cayman Islands)
Originating Application in the matter of Lansdowne Road Investments at the Grand Court of the Cayman Islands.
USA v. Nigel Sinclair et al: Criminal Indictment (‘$5M Offshore Tax Fraud’)
Criminal Indictment alleging the concealment of $25 million of income via an offshore tax fraud scheme involving individuals, entities and/or accounts in Australia, British Virgin Islands, England, Jersey, in the Channel Islands; Malta, Monaco, Switzerland, and USA in USA v. John Nigel Barton Sinclair, described as a dual citizen of the United Kingdom and United States and film producer who "has received Emmy and Grammy awards", and Anthony Stewart, described as a citizen and resident of Australia and a chartered accountant, at the U.S. District Court for the Central District of California.
Accuro Holdings (Jersey) Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (Salamanca (BVI) Ltd.)
Fixed Date Claim Form regarding Salamanca (BVI) Ltd. in Accuro Holdings (Jersey) Ltd. v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Floreat Real Estate Ltd. v. Chia Hsing Wang et al: Appeal Judgment (British Virgin Islands)
Judgment regarding "Interlocutory appeal – Appeal against order appointing joint provisional liquidators – Standing – Whether Mr. Wang had standing to apply for the appointment of joint provisional liquidators over RAGOF – Bare trusts – Whether XYZ held the XYZ shares on a bare trust for Mr. Wang – Derivative claims – Whether there were special circumstances entitling Mr. Wang to seek the appointment of joint provisional liquidators over RAGOF on a derivative basis – Abuse of court – Subsequent interlocutory proceedings – Whether a subsequent interlocutory application involving the same parties and same issues runs afoul of the abuse of court principles – Whether the dismissal of Ladd v Marshall applications precludes an applicant from introducing that same evidence in the subsequent interlocutory application - The rule in Hollington v Hewthorn – Whether the rule in Hollington v Hewthorn applies to the reliance on decisions of another court in interlocutory applications" in Floreat Real Estate Limited, described as "a professional fund incorporated in Jersey" v. XYZ, described as "a company registered in England"; Chia Hsing Wang, and Real Assets (RA) Global Opportunity Fund I Ltd., described as a British Virgin Islands entity whose assets include "real property in England known as 'Springs Farm'", at the British Virgin Islands Court of Appeal.
Samir Mammadov v. CD&R Galaxy Jersey Holding Ltd.: Complaint
Complaint alleging 'breach of restricted share unit agreement' in Samir Mammadov, described as "a former employee and Chief Growth Officer" of Galaxy US Opco Inc. d.b.a. Vialto Partners v. CD&R Galaxy Jersey Holding Limited, of Jersey, in the Channel Islands, at the U.S. District Court for the District of Delaware.
USA v. Stanley Alexander et al: Complaint (‘$7.7M Offshore Employee Leasing Tax Avoidance Liabilities’)
Complaint "to (1) reduce to judgment unpaid federal tax liabilities owed by Stanley L. Alexander and Ruth A. Alexander; and (2) enforce the federal tax liens against certain real properties titled in the name of Anna E. Alexander" in USA v. Stanley L. Alexander, Ruth A. Alexander, described as "a plastic surgeon"; Anna E. Haller, formerly known as Anna E. Alexander; Associated Enterprises Ltd., of the Isle of Man; State of Ohio, Treasurer of Warren County, Ohio, and Treasurer of Montgomery County, Ohio at the U.S. District Court for the Southern District of Ohio.
IQ EQ One (Jersey) Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (Yantella Corp.)
Fixed Date Claim Form regarding Yantella Corp. in IQ EQ One (Jersey) Limited v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Enigmatic Offshore Industry to be analyzed at OffshoreAlert Miami
Join us at the 20th Annual OffshoreAlert Miami Conference this April at the Ritz-Carlton, South Beach! Don't miss the session 'The Enigmatic World of Offshore Finance: All Your Questions Answered' with experts Mike Morrison (Teneo), Hadley Chilton (Cork Gully Asset Managers), Nick Hoffman (Harneys), and Alex Jay (Stewarts). Dive deep into the realities of offshore finance, debunking myths and exploring the industry's actual workings. Be part of this premier event for high-value international finance insights.
Moussy Salem v. BS Gestcom Holdings Corp.: Discovery Application (England)
Application by Moussy Salem to take discovery from BS Gestcom Holdings Corp. for use in legal proceedings in England regarding "allegations by Applicant that Freddy Salem, Monline UK Limited, Salim Levy, and Ezra Aghai engaged in a wrongful pattern of conduct that includes breaches of fiduciary duty, conspiracy, and fraudulent transfers", filed at the U.S. District Court for the District of Delaware.
Andrew Hicks: Disqualification (Jersey)
Public Statement by the Jersey Financial Services Commission that it has issued an industry ban against Andrew Mark Hicks for his conduct regarding "Lutea Holdings Limited and Lutea Trustees Limited", described as "a Jersey-regulated trust company business" of which he was "a long-standing principal person".
Nicola Hodge: Disqualification (Jersey)
Public Statement by the Jersey Financial Services Commission that it has issued an industry ban against Nicola Marguerite Hodge for her conduct regarding "Lutea Holdings Limited and Lutea Trustees Limited", described as "a Jersey-regulated trust company business" of which she was "a long-standing principal person".
Glencore Finance (Bermuda) Ltd. v. Bolivia: First Amended Petition to Enforce Arbitral Award ($253M)
First Amended Petition to Enforce Arbitral Award that “arises from Bolivia’s nationalization of certain investments made by Glencore in Bolivia” in Glencore Finance (Bermuda) Ltd., described as a Bermuda subsidiary of Jersey, Channel Islands-domiciled, Switzerland-based Glencore Plc v. The Plurinational State of Bolivia at the U.S. District Court for the District of Columbia.
CT Group Holdings Ltd. v. The Clearing House Payments Company LLC et al: Discovery Application (England)
Application by CT Group Holdings Limited, described as "a private investigative and consulting firm that provided its clients, Alon and Anna Laniado, a report concerning the financial resources of their stepmother, Linda May Laniado", to take discovery from The Clearing House Payments Company LLC and The Federal Reserve Bank of New York for use in legal proceedings in England "concerning the administration of their father and Linda’s late husband’s estate before the Royal Court of Jersey and the Royal Court of Guernsey", filed at the U.S. District Court for the Southern District of New York.
Accuro Corporate Services (Jersey) Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application (Orissa Holdings Ltd.)
Fixed Date Claim Form regarding Orissa Holdings Limited in Accuro Corporate Services (Jersey) Ltd., of Jersey, Channel Islands v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Glencore Finance (Bermuda) Ltd. v. Bolivia: Petition to Enforce Arbitral Award ($253M)
Petition to Enforce Arbitral Award that "arises from Bolivia’s nationalization of certain investments made by Glencore in Bolivia" in Glencore Finance (Bermuda) Ltd., described as a Bermuda subsidiary of Jersey, Channel Islands-domiciled, Switzerland-based Glencore Plc v. The Plurinational State of Bolivia at the U.S. District Court for the District of Columbia.
Agenda Launch – OffshoreAlert London Conference
The first version of the agenda for OffshoreAlert's 10th Annual London Conference on December 4-5 is now available. For more information about OffshoreAlert London 2023, sponsorship opportunities, and tickets, please visit www.oalondon.com.
Michael Sizemore et al v. Changpeng Zhao et al: First Amended Class Action Complaint (‘$1B Crypto Fraud’)
First Amended Class Action Complaint in Michael Sizemore v. Changpeng Zhao, Binance Holdings Limited, of the Cayman Islands; BAM Trading Services Inc., of Delaware, USA; BAM Management US Holdings Inc., of Delaware, USA; Binance Holdings (IE) Limited, of Ireland; Binance (Services) Holdings Limited, of Ireland; Paxos Trust Company LLC, of New York, USA; Jimmy Butler, described as "a star basketball player for the Miami Heat", and Ben Armstrong, described as "a YouTuber with more than 1.5 million subscribers to his YouTube page", at the U.S. District Court for the Southern District of Florida.
USA v. $12M in Accounts at Rathbones Investment Management (Jersey) et al: Forfeiture Complaint (‘Smuggling of Asian Art & Antiquities by Douglas Latchford’)
Forfeiture Complaint regarding assets allegedly traceable to smuggling, fraud, and money laundering involving Douglas Latchford, a.k.a. Pakpong Kriangsak, who "Until his death in 2020, ... was based primarily in Thailand and the United Kingdom" in USA v. $12M in Rathbones Investment Management Portfolio Accounts in Jersey, in the Channel Islands, and 7th Century Bronze Statue Depicting the Four-Armed Goddess Durga at the U.S. District Court for the Southern District of New York.
William Bazzelle Sr. v. NovoCure Ltd. et al: Class Action Complaint (‘Securities Fraud’)
Class Action Complaint alleging securities fraud in William Bazzelle Sr. v. NovoCure Limited, described as being domiciled in Jersey, in the Channel Islands, and managed in Switzerland; William Doyle, and Asaf Danziger at the U.S. District Court for the Southern District of New York.
Vice Media et al: Chapter 11 Petition
Chapter 11 Petition by Vice Group Holding Inc., Vice Holding Inc., Vice Media LLC, Boy Who Cried Author LLC, Carrot Creative LLC, Carrot Operations LLC, Channel 271 Productions LLC, Clifford Benski Inc., Dana Made LLC, Inverness Collective LLC, JT Leroy Holding LLC, PLDM Films LLC, Project Change LLC, R29 Pride LLC, R29 Productions LLC, Refinery 29 Inc., Valvi LLC, Vice Content Development LLC, Vice Distribution LLC, Vice Europe Holding Limited, of Jersey, Channel Islands; Vice Europe Pulse Holding Limited, of Jersey, Channel Islands; Vice Food LLC, Vice Impact Inc., Vice International Holding Inc., Vice Music Publishing LLC, Vice Payroll LLC, Vice Productions LLC, Vice Project Services LLC, Villain LLC, Virtue Worldwide LLC, Visur LLC, and VTV Productions LLC, collectively part of a "a global media company that focuses on content centered around news and culture, serving a largely global youth audience", at the U.S. Bankruptcy Court for the Southern District of New York.
Julie Harrigan: Disqualification (Jersey)
Public Statement by the Jersey Financial Services Commission that it has disqualified Julie Ann Harrigan from the jurisdiction's financial services industry following her criminal conviction for fraudulent conversion while working as a lawyer, for which she received a three-year prison sentence.
Castle Directors Ltd. v. BVI Registrar of Corporate Affairs: Restoration & Liquidation Application (Longreach Management Group Ltd.)
Fixed Date Claim Form regarding Longreach Management Group Ltd. in Castle Directors Limited, of Jersey, Channel Islands v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Blue Horizon Structured Products SPC Ltd.: Petition for Directions
Petition for Directions in the matter of Blue Horizon Structured Products SPC Limited (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.
Crown Managed Accounts SPC et al v. Puerto Rico Industrial Development Corporation et al: Complaint (‘$90M Bonds Default’)
Complaint "to end the Oversight Board and AAFAF’s abuse of power, and PRIDCO's inexcusable refusal to pay its debts" allegedly totaling $90.5 million in Crown Managed Accounts SPC - Crown/GT Segregated Portfolio, of the Cayman Islands; Ginkgo Tree LLC, GN3 SIP Limited, of Jersey, in the Channel Islands; GoldenTree Distressed Fund 2014 LP, of the Cayman Islands; GoldenTree Distressed Master Fund 2014 Ltd., of the Cayman Islands; GoldenTree Insurance Fund Series Interests of The Sali Multi-Series Fund LP, GoldenTree Master Fund Ltd., of the Cayman Islands; GoldenTree V1 Master Fund LP, of the Cayman Islands; GTAM 110 Designated Activity Company, of Ireland, and High Yield and Bank Loan Series Trust, of the Cayman Islands v. Puerto Rico Industrial Development Corporation, The Puerto Rico Fiscal Agency and Financial Advisory Authority, and The Financial Oversight and Management Board for Puerto Rico at the U.S. District Court for the District of Puerto Rico.
Quotient Ltd.: Chapter 11 Petition
Chapter 11 Petition by Quotient Limited, described as a Jersey, Channel Islands-domiciled company based in Switzerland, filed at the U.S. Bankruptcy Court for the Southern District of Texas.
Evrensel Capital Partners PLC: Public Statement (‘Unauthorized Business’)
Public Statement by the Jersey Financial Services Commission that Jersey-domiciled Evrensel Capital Partners Public Limited Company is "carrying on ... financial services business" without being authorized to do so.
Christopher Byrne: Disqualification
Public Statement by the Jersey Financial Services Commission that it has imposed a corporate disqualification on Christopher Paul Byrne, who was sentenced to "a seven year custodial sentence" in 2018 after being "convicted of several offences relating to his conduct as a financial adviser".
Accuro Fiduciary Services (Jersey) Ltd. et al v. BVI Registrar of Corporate Affairs (Higro Trading Ltd.)
Fixed Date Claim Form regarding Higro Trading Ltd. in Accuro Fiduciary Services (Jersey) Ltd. and Accuro Corporate Services (Jersey) Ltd. v. Registrar of Corporate Affairs at the British Virgin Islands High Court.
Blockster Holdings Ltd.: Directors & Shareholders
Report identifying directors and shareholders of Blockster Holdings Limited, obtained from Companies House Gibraltar on October 2nd, 2022.
Lloyds Bank Corporate Markets Plc: £498K Fine
Public Statement by the Jersey Financial Services Commission that it has imposed a fine of £498,000 on Lloyds Bank Corporate Markets Plc (Jersey Branch) for regulatory breaches.
Golden Sphinx Ltd.: Chapter 15 Petition (Jersey)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Jersey, in the Channel Islands, by Andrew Wood, as the Foreign Representative of Golden Sphinx Limited, described as a "passive investment-holding" vehicle whose ultimate beneficiaries are Alexander Sabadash, "formerly an elected Senator in Russia", his wife, Larisa Sabadash, and their two adult children and whose "principal assets" are a $45 million residence in Beverly Hills, California, and "certain debts from various parties", including Garry Itkin, described as a former director of the debtor who "engaged in fraudulent and unauthorized self-dealing actions", filed at the U.S. Bankruptcy Court for the Central District of California.
USA v. Airbus A319-100 Aircraft: Seizure Warrant Application (‘Russian oligarch Andrei Skoch’)
Application for Seizure Warrant in USA v. Airbus A319-100 Aircraft, which was "purchased ... through a series of shell companies and trusts" in Aruba, Belize, Cyprus, and Jersey, in the Channel Islands involving accounts in England, Isle of Man, Switzerland, and USA and in which "an interest" is allegedly held by Andrei Skoch, described as "a member of Russia's State Duma" since 1999 and "a Deputy of the Duma", filed at the U.S. District Court for the Southern District of New York.
IQ EQ (Jersey) Ltd.: £803K Fine
Public Statement by the Jersey Financial Services Commission that it has imposed a fine of £803,661 on IQ EQ (Jersey) Limited, formerly known as First Names (Jersey) Limited, for regulatory breaches.
U.S. litigation funder applies to wind up Ron Wahid’s Cayman firm Magellan Asset Finance over ‘$8.5M debt’
U.S. funder Therium Litigation Finance has applied to wind up Ron Wahid's Cayman Islands firm Magellan Asset Finance for alleged failure to repay $8 million it borrowed to fund a lawsuit in Jersey by British designer Tatiana Golovina against Moscow-based Rusal, an aluminum producer founded by Russian oligarch Oleg Deripaska.
Therium Litigation Finance Atlas P LLC v. Magellan Asset Finance Ltd.: Winding Up Petition (‘$8.5M Debt’)
Winding Up Petition in Therium Litigation Finance Atlas P LLC, of Delaware v. Magellan Asset Finance Ltd., of the Cayman Islands, at the Grand Court of the Cayman Islands.
U.S. obtains seizure warrant for ‘$410M aircraft owned by Roman Abramovich via shell firms in BVI, Cyprus & Jersey’
A federal court in New York has authorized the United States Government to seize two U.S. manufactured airplanes worth an estimated $410 million allegedly owned by Russian oligarch Roman Abramovich via "shell companies" in the British Virgin Islands, Cyprus, and Jersey.
USA v. ‘Roman Abramovich airplanes’: Seizure Application ($410M)
Seizure Application for two airplanes worth $410 million allegedly beneficially owned by Roman Abramovich, a citizen of Russia, "through a series of shell companies" in the British Virgin Islands, Cyprus, and Jersey, in the Channel Islands, in USA v. Boeing 787-8 Dreamliner Aircraft and Gulfstream G650ER Aircraft at the U.S. District Court for the Southern District of New York.
Hunnewell Partners (BVI) Ltd. v. Deloitte Transactions and Business Analytics LLP: Summons with Notice ($20M)
Summons With Notice alleging professional negligence and willful misconduct in Hunnewell Partners (BVI) Ltd., of the British Virgin Islands v. Deloitte Transactions and Business Analytics LLP at the Supreme Court of the State of New York, County of New York.
Jersey AG v. Muhiddin Umurzokov et al: Sentencing (Money Laundering)
Sentencing for money laundering in The Attorney General of Jersey, in the Channel Islands v. Muhiddin Umurzokov, of Uzbekistan; Anvarjon Eshonkulov, of Uzbekistan, and Batsukh Bataa, of Mongolia, at the Royal Court of Jersey.
SEC v. Ronald Bauer et al: Complaint
Complaint alleging securities fraud involving individuals and entities in or from Belize, Bulgaria, Canada, Cayman Islands, Chile, Cyprus, Germany, Hong Kong, Hungary, Italy, Jersey, in the Channel Islands; Liechtenstein, Monaco, Singapore, Spain, Switzerland, United Kingdom, and USA in U. S. Securities and Exchange Commission v. Ronald Bauer, Craig James Auringer, Alon Friedlander, Massimilano Pozzoni, Daniel Mark Ferris, Petar Dmitrov Mihaylov, David Sidoo, and Adam Christopher Kambeitz at the U. S. District Court for the Southern District of New York.
Dominion Fiduciary Services (Malta) Ltd.: €11,000 Fine
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €11,000 on Dominion Fiduciary Services (Malta) Limited for a regulatory breach.
Aqua Trust Services Malta Ltd.: €6,950 Fine
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €6,950 on Aqua Trust Services Malta Limited for regulatory breaches.
Boynton Beach Firefighters’ Pension Fund v. Clarivate Plc et al: Class Action Complaint
Class Action Complaint in Boynton Beach Firefighters' Pension Fund v. Clarivate Plc, described as "an analytics company" that is domiciled in Jersey, in the Channel Islands, and based in London, England; Jerre Stead, and Richard Hanks at the U. S. District Court for the Eastern District of New York.
Arkansas Teacher Retirement System v. Clarivate Plc et al: Class Action Complaint
Class Action Complaint alleging securities fraud bleichmarin Arkansas Teacher Retirement System v. Clarivate Plc, described as "an information services and analytics company" domiciled in Jersey, in the Channel Islands, and based in London, England; Jerre Stead, Richard Hanks, Sheryl von Blucher, Kosty Gillis, Balakrishnan S. Iyer, Nicholas Macksey, Anthony Munk, Jane Okun Bomba, Charles J. Neral, Richard W. Roedel, Christine Archbold, Citigroup Global Markets Inc., BofA Securities Inc., RBC Capital Markets LLC, Barclays Capital Inc., HSBC Securities (USA) Inc., JPMorgan Securities LLC, and PricewaterhouseCoopers LLP at the U. s. District Court for the Eastern District of New York.
Elderly wife of jailed former Turkish MP seeks discovery for lawsuit alleging ‘£40M fraud involving offshore entities’
Nebahat Evyap İşbilen, described as the 76-year-old wife of an imprisoned former member of parliament in Turkey, is seeking discovery from 11 banks in New York for a civil lawsuit in London against entities in the British Virgin Islands, Cayman Islands, England, Jersey, and United Arab Emirates for an alleged £40 million-plus fraud.
Nebahat Evyap İşbilen v. Standard Chartered Bank et al: Discovery Application (‘£40M Fraud’)
Application by Nebahat Evyap İşbilen, described as a 76-year-old "Turkish national resident in the United Kingdom", to take discovery from Standard Chartered Bank, Citigroup Inc. d.b.a. Citibank; Bank of New York Mellon Corporation, JP Morgan Chase Bank N.A., Goldman Sachs and Co., Bank of America N.A., Deutsche Bank A.G., Deutsche Bank Trust Company Americas, HSBC Bank, Société Générale, and M&T Bank Corporation for use in legal proceedings in England against entities in the British Virgin Islands, Cayman Islands, England, Jersey, in the Channel Islands, and United Arab Emirates regarding "a multinational fraud committed against her by Mr. Selman Turk", filed at the U. S. District Court for the Southern District of New York.
Zhang Chengfei v. BVI Registrar of Corporate Affairs: Restoration Application (Star Charm Enterprises Ltd.)
Fixed Date Claim Form regarding Star Charm Enterprises Limited in Zhang Chengfei, of Hong Kong v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Jameena Ltd. et al v. Andrew Turner et al: Writ of Summons
Writ of Summons in Jameena Limited, of Jersey, in the Channels Islands, and Hassanco SA v. Gary Spiller, of Spain; Andrew Turner, Samuel Knowles, Conrad Nunez, Richard Niguid, Ricardo Fiorilli Lozano, and Michelle Baquit, all of France, at the Grand Court of the Cayman Islands.
Kevin Parot v. Clarivate Plc et al: Class Action Complaint
Class Action Complaint in Kevin Parot v. Clarivate Plc, described as "an information services and analytics company" based in London, England, and domiciled in Jersey, in the Channel Islands; Jerre Stead, and Richard Hanks at the U. S. District Court for the Eastern District of New York.