Phaeton Corporation

Although much has been made overseas of a decision by the Grand Court of the Cayman Islands to approve a request to hand over the bank records of Euro Bank Corporation client Kenneth Taves to his US-based Receiver, there is nothing unusual about such a move. The foreign press has been lauding the deal as a break with tradition by Cayman after comments to that effect by Robb Evans, the Receiver for Kenneth Taves, his wife, Teresa; and their businesses J. K. Publications Inc., MJD Service Corp., TAL Services Inc. and their affiliates and subsidiaries.

MJD Service Corp. vs. Ken Taves et al. - Grand Court of the Cayman Islands

Euro Bank Corporation: Euro Bank Corporation vs. Kenneth Taves et al. - Grand Court of the Cayman Islands