Lennie Lawrence

A New York Stock Exchange-listed creditor is attempting to wind-up a Nevis-licensed offshore insurer that cannot pay its debts despite having an audit that shows shareholders' equity of over US$250 million.Infineon Technologies AG, which is incorporated in Germany, filed an action at the St. Kitts & Nevis High Court on August 30, 2006 in which it is seeking the court's permission to present a winding-up petition against Condor Insurance Limited, which is controlled by Harvey Thompson Milam and his wife, Joycelyn T. Milam, of Ocean Springs, Mississippi.

A legal battle between two dubious offshore based insurance groups was recently fought out at courts in Nevis and the United States.The outcome is that Condor Insurance Limited has been ordered to comply with an arbitration panel's ruling that it

An unlisted investment fund claiming to have $9 billion of assets but operated from a private residence in Florida is suing an offshore insurer based on an island that purports not to license such firms.Florida registered Growth Fund Partnership Inc.