Camberly Ventures Limited v. Cobra Business Ventures Ltd.: Originating Application
Originating Application in Camberly Ventures Limited v. Cobra Business Ventures Ltd. at the British Virgin Islands High Court.
Firefighters’ Retirement System et al v. FIA Leveraged Fund: Winding-Up Petition
Winding-Up Petition in Firefighters' Retirement System, New Orleans Fire Fighters' Pension & Relief Fund, and Municipal Employees' Retirement System of Louisiana v. FIA Leveraged Fund at the Grand Court of the Cayman Islands.
Ernst & Young (Cayman) current & former partners settle litigation with Cash 4 Titles ‘investor’ Lewis Rowe
A legal dispute in the Cayman Islands in which current and former Ernst & Young partners Dan Scott, James Cleaver and Richard Fogerty were accused of illegal conduct towards Lewis Rowe over his alleged participation in a Ponzi scheme known as Cash 4 Titles has been settled.
Rye Select Broad Market Insurance Portfolio LDC v. Ernst & Young Ltd. et al: Writ of Summons
Writ of Summons in Rye Select Broad Market Insurance Portfolio LDC v. Ernst & Young Ltd. (Cayman Islands), Ernst & Young Ltd. (Bermuda), Ernst & Young BBC Limited, Ernst & Young Caribbean Limited, Ernst & Young International Ltd., Ernst & Young, Ernst & Young Services Limited, and Ernst & Young Americas LLC (Delaware) at the Grand Court of the Cayman Islands.
English Sunlink International Holdings Limited: Petition
Petition In the Matter of English Sunlink International Holdings Limited at the Grand Court of the Cayman Islands.
Olympus Corporation: Investigation Report Summary
Investigation Report Summary into Olympus Corporation by The Third Party Committee, dated December 6, 2011.
Bermuda Monetary Authority v. The South of England Protection and Indemnity Association (Bermuda) Limited: Reasons for Winding-Up Order
Reasons for Winding-Up Order in Bermuda Monetary Authority v. The South of England Protection and Indemnity Association (Bermuda) Limited at Bermuda Supreme Court.
Sunlink International Holdings Limited: Petition
Petition In the Matter of Sunlink International Holdings Limited at the Grand Court of the Cayman Islands.
Rafat Kishtah v. HCA Holdings, Inc. et al: Class Action Complaint
Class Action Complaint in Rafat Kishtah v. HCA Holdings, Inc., Richard Bracken, Milton Johnson, Christopher Birosak, John Connaughton, James Forbes, Kenneth Freeman, Thomas Frist III, William Frist, Chrostopher Gordon, Michael Michelson, James Momtazee, Stephen Pagliuca, Nathan Thorne, Bank of America Merrill Lynch, Citigroup Global Markets, Inc., JPMorgan Securities LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley & Co., Wells Fargo Securities, Credit Agricole Securities (USA) Inc., Mizuho Securities USA Inc., RBC Capital Markets, LLC, RBS Securities Inc., SMBC Nikko Capital Markets Limited, SunTrust Robinson Humphrey Inc., Avondale Partners, LLC, Robert Baird & Co. Inc., Cowen and Company LLC, CRT Capital Group LLC, Lazard Capital Markets LLC, Leerink Swann LLC, Morgan Keegan & Company, Inc., Oppenheimer & Co., Inc., Raymond James & Associates, Inc., Susquehanna Financial Group LLLP, Samuel A. Ramirez & Company Inc., The Williams Capital Group, LP, Muriel Siebert & Co., Inc., Loop Capital Markets, LLC, Glecher & Company Securities, Inc., CastleOak Securities LP, Sanford C. Bernstein & Co., LLC, Caris & Company Inc., and Ernst & Young LLP at the U. S. District Court for the Middle District of Tennessee.
Kaupthing Bank hf v. Quotz Asset Management SA: Originating Application
Originating Application in Kaupthing Bank hf v. Quotz Asset Management SA at the British Virgin Islands High Court.
SEC v. Andrey Hicks et al: SEC’s Supplemental Facts
SEC's Supplemental Facts in Support of Temporary Restraining Order, Order Freezing Assets, and Order for Other Equitable Relief in SEC v. Andrey Hicks, Locust Offshore Management, LLC and, as Relief Defendant, Locust Offshore Fund, Ltd. at the U. S. District Court for the District of Massachusetts.
Wimbledon Financing Master Fund, Ltd. et al v. David Molner et al: First Amended Complaint
First Amended Complaint in Wimbledon Financing Master Fund, Ltd. and Stillwater Market Neutral Fund III SPC v. David Molner, Screen Capital International Corp., Aramid Capital Partners LLP, and Aramid Entertainment Fund Limited at the U. S. District Court for the Central District of California.
In the Matter of China Biotechnology Limited: Petition
Petition In the Matter of China Biotechnology Limited at the Grand Court of the Cayman Islands.
Olympus Corporation: Letter About ‘Serious Governance Concerns’
Letter from Michael Woodford, President and CEO of Olympus Corporation, to Tsuyoshi Kikukawa, Chairman of Olympus Corporation, about 'Serious Governance Concerns' regarding Olympus Corporation.
Weavering Macro Fixed Income Fund Limited (in Liquidation) v. Stefan Peterson et al: Judgment
Judgment in a case styled as 'Weavering Macro Fixed Income Fund Limited (in Liquidation) vs. Stefan Peterson and Hans Ekstrom' at the Grand Court of the Cayman Islands.
In the Matter of China Medical and Bio Science Limited
Petition filed 'In the Matter of China Medical and Bio Science Limited' at the Grand Court of the Cayman Islands.
Wimbledon Financing Master Fund Ltd. et al v. David Molner et al: Amended Complaint
Amended Complaint in Wimbledon Financing Master Fund Ltd. and Stillwater Market Neutral Fund III SPC v. Aramid Entertainment Fund Limited, David Molner, Screen Capital International, Inc., Aramid Capital Partners, LLP, Tim Levy, Thomas McGrath, David Bree, Roger Hanson, Thomas Adamek, Stonehenge Capital Company LLC, and Future Capital Partners at California Superior Court, Los Angeles County.
Millennium Global Emerging Credit Master Fund Limited et al: Limited Objection by BCP Securities to Motion for Provisional Relief
Limited Objection by BCP Securities, LLC to Motion for Provisional Relief filed by the liquidators of Millennium Global Emerging Credit Master Fund Limited and Millennium Global Emerging Credit Fund Limited at the U. S. Bankruptcy Court for the Southern District of New York.
Platinum Management (NY) LLC et al v. Petroexport Ltd. et al: Amended Complaint
Amended Complaint in Platinum Management (NY) LLC and Platinum Partners Value Arbitrage Fund, L.P. v. Roy Bailey and Margaret Elizabeth Mills, as Joint Official Liquidators of Petroexport Ltd.; Petroexport Ltd., Eitan Misulovin, and Demetrios Karamanos, a.k.a. Dimitrios Karamanos, at New York State Supreme Court.
Lewis Rowe v. Daniel Scott et al: Amended Writ of Summons
Amended Writ of Summons in Lewis Rowe v. Daniel Scott, Richard Fogerty, and G. James Cleaver at Grand Court of the Cayman Islands.
Ng Pui Lung v. Cy Foundation Group Limited et al: Judgment
Judgment in the case of 'Ng Pui Lung vs. Cy Foundation Group Limited and Luck Continent Limited' at Bermuda Supreme Court.
KTC et al v. Emergent Capital Ltd.: Petition
Petition in KTC and RAAL Limited v. Emergent Capital Limited at the Grand Court of the Cayman Islands.
Lewis Rowe v. Attorney General: Originating Summons
Originating Summons filed by Lewis Rowe against The Attorney General of the Cayman Islands at the Grand Court of the Cayman Islands.
BVI hedge fund sues Meridian Fund Services and Ernst & Young (Bda)
Bermuda based fund administrator Meridian Fund Services and accounting firm Ernst & Young (Bermuda) are among the defendants in a civil complaint filed by a British Virgin Islands domiciled hedge fund that claims to have lost $2 million in a
In the Matter of Freerider Ltd.: Amended Winding-Up Petition
Amended Winding-Up Petition In the Matter of Freerider Ltd. at the Grand Court of the Cayman Islands.
In the Matter of Petroexport Limited
Winding Up Petition In the Matter of Petroexport Limited at the Grand Court of the Cayman Islands.
BTA Bank: Chapter 15 Petition
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Kazakhstan by Anvar Galimullaevich Saidenov, as the Foreign Representative of JSC BTA Bank, at the U. S. Bankruptcy Court for the Southern District of New York.
Ernst & Young’s Bermuda and Bahamas firms pursued at US federal court over Petters fraud
Two more offshore related civil actions regarding an alleged multi billion fraud by the Minnesota based Petters Group, including one in which Ernst & Young's Bermuda and Bahamas operations are defendants, made their way to federal court in the United
Herald Fund SPC v. Ernst & Young et al: Writ of Summons
Writ of Summons in the case of Herald Fund SPC v. Ernst & Young and Ernst & Young SA at the Grand Court of the Cayman Islands.
Ernst & Young’s Bahamas and Cayman operations sued by Madoff victims
Ernst & Young's operations in the Cayman Islands and the Bahamas are among the defendants in a class action complaint filed on behalf of investors in an offshore hedge fund whose money ended up in Bernard Madoff's fraudulent scheme. Other
$3 billion class action filed against Madoff-related offshore feeder funds, Bank of Bermuda and others
A class action lawsuit has been filed against several offshore entities and individuals on behalf of investors in four hedge funds who allegedly lost over $3 billion in the Bernard Madoff fraud. Among the offshore defendants are Bank of Bermuda
Petters Group-related class action complaint filed against Ernst & Young (Bermuda)
A class action complaint has been filed against Ernst & Young (Bermuda) in the United States on behalf of investors in a hedge fund for which it was the auditor.The action was filed at the U. S. District Court for
Economy & Madoff scandal hit Cayman’s fund industry but not too hard, says regulator
The global financial crisis has caused a slowdown in new registrations and an increase in terminations in the world's leading domicile for hedge funds - the Cayman Islands - and the Bernard Madoff scandal may make matters worse. However, the
Cayman fund liquidators abandon attempt to have liquidation recognized in US
The provisional liquidators of a Cayman Islands hedge fund have abandoned their attempt to have the Cayman liquidation proceedings recognized in the United States after a U. S. Bankruptcy Judge ruled that Cayman was not the Fund's Center of Main Interests.
Hugh Dickson, Stephen John Akers, and Paul Andrew Billingham, as JPLs of Basis Yield Alpha Fund (Master), filed a motion to dismiss their petition on April 3, 2008 at the U. S. Bankruptcy Court for the Southern District of New York and the petition was dismissed by the court on April 30.
BVI prepares criminal charges against IPOC, seeks to confiscate $40 m
Criminal charges are being prepared in the British Virgin Islands against a Bermuda domiciled investment fund that is suspected of being a money laundering vehicle for Russia's Telecommunications Minister, Leonid Reiman.The BVI authorities have drafted "preliminary charges" against IPOC International
British Virgin Islands: IPOC International Growth Fund Ltd. et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the British Virgin Islands into IPOC International Growth Fund Ltd., Jeffrey Galmond, Michael Ludwig Rudolf North, Lapal Limited, Albany Invest Limited and Mercury Import Limited for allegedly laundering the proceeds of corruption by Russia's Minister of Telecommunications, Leonid Reiman.
Bancredit Cayman Ltd.: Chapter 15 Petition
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Richard Fogerty and James Cleaver, as the Foreign Representatives of Bancredit Cayman Limited, at the U. S. Bankruptcy Court for the Southern District of New York.
CBTL (Holdings) Ltd. v. Smart Plus International (Holdings) Ltd.: Liquidation Order
Liquidation Order in CBTL (Holdings) Limited v. Smart Plus International (Holdings) Limited at the British Virgin Islands High Court.
Globe-X Management Ltd.: Section 304 Petition (Bahamas)
Section 304 Petition for Assistance in Insolvency Proceedings in the Bahamas by Clifford Johnson and Wayne Aranha, as the Foreign Representatives of Globe-X Management Limited and Globe-X Canadiana Limited, at the U. S. Bankruptcy Court for the Southern District of New York.
Beacon Hill liquidators sue managers, administrator and auditor
The liquidators of an offshore hedge fund that collapsed owing approximately $300 million have filed a civil complaint in New York against its former controllers, auditor and administrator.The complaint was filed by Theo Bullmore and Philip Stenger, as joint official
US Senate report into tax avoidance slams professional firms
Major accounting firms, banks, law firms and investment advisors helped create "abusive tax shelters" that deprived the United States Government of "billions of dollars", it has been claimed.
Among the alleged participants were KPMG, Ernst & Young, PricewaterhouseCoopers, Sidley Austin Brown & Wood, Sutherland Asbill & Brennan, Deutsche Bank, HVB, UBS, First Union National Bank, Wachovia Bank, Presidio and Quellos.
Rift develops between Lancer Offshore Receiver and majority investors
A deep rift has developed between the SEC's Receiver of the failed Lancer hedge fund group and the majority of its investors.
The group of investors, who claim to have invested more than $570 million in Lancer Offshore Inc. and The OmniFund Ltd., have accused Marty Steinberg of "antagonism" and a lack of co-operation.
AIG cooks the books using offshore insurance structures
Insurance giant AIG has used offshore structures in Barbados and Bermuda to circumvent or violate U. S. state laws regarding reinsurance and to help at least one crooked client evade taxes.In the late 90s, four state insurance departments were aware
Beacon Hill investors sue Ernst & Young (Cayman) et al
Ernst & Young (Cayman) has been named as a defendant in two new civil lawsuits filed by 12 investors in two failed hedge funds who have claims totaling $197 million.The actions were filed at the U. S. District Court for the Southern District of New York on October 5 and October 7, 2004 and concern investments made in Bristol Fund Ltd., of the Cayman Islands, and Safe Harbor Fund L. P., of New Jersey.
Banca Nazionale del Lavoro S.p.A. et al v. Beacon Hill Asset Management et al: Claims
Claims by Banca Nazionale del Lavoro S.p.A. et al v. Beacon Hill Asset Management et al - October 31, 2004
57 Citco-formed SPVs used in securities fraud, claim plaintiffs
The Cayman Islands operation of the Citco Group set up at least 57 special purpose vehicles that were used to commit securities fraud against a publicly traded, United States based firm, it has been alleged. Citco (Cayman) has been named
IRS tax investigation focuses on Antigua, Bahamas and Cayman
The investigation by the IRS into alleged offshore tax evasion by United States taxpayers using offshore credit cards appears to be currently focusing on Antigua & Barbuda, the Bahamas, and the Cayman Islands.
Although the IRS has previously announced it is targeting more than 30 offshore centers, these three are the only countries to feature in a slew of "John Doe" summonses issued recently by U. S. federal courts.
Parmalat Capital Finance Ltd.: Section 304 Petition
Section 304 Petition for Assistance in Insolvency Proceedings in the Cayman Islands by Gordon MacRae and James Cleaver, as the Foreign Representatives of Parmalat Capital Finance Limited, at the U. S. Bankruptcy Court for the Southern District of New York.
Lancer Offshore Receiver’s first report paints gloomy picture
More than $600 million of the $1.15 billion invested in the Lancer Offshore group of hedge funds from 1995 to 2002 may be lost.The initial report of Lancer's receiver, Marty Steinberg, acting for the SEC, showed that investors put in
Netherlands: HR Hilber
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in the Netherlands into HR Hilber into alleged bribery and tax fraud.