Tonly Electronics Holdings Ltd.: ‘Scheme of Arrangement’ Petition
Petition seeking the Court's sanction for a Scheme of Arrangement in the matter of Tonly Electronics Holdings Limited at the Grand Court of the Cayman Islands.
Nord Anglia Education Inc.: Petition
Petition In the Matter of Nord Anglia Education Inc. at the Grand Court of the Cayman Islands.
Traded Life Policies Fund: Minutes of First Meeting of Creditors
Minutes of First Meeting of Creditors of Traded Life Policies Fund (in Official Liquidation).
Sauren Fonds-Select SICAV v. Pramerica Real Estate Investors: Discovery Application
Application to Take Discovery in Sauren Fonds-Select SICAV v. Pramerica Real Estate Investors at the U. S. District Court for the District of New Jersey.
Bermuda entities seek to rescind $550 m bond offering by Goldman Sachs
Several Bermuda entities, including mutual funds, trusts and reinsurer Ariel Re, are among dozens of companies suing Goldman Sachs and UBS Securities in an attempt to rescind a $550 million bond offering.The complaint was filed at the U. S. District
Bahamas attorney Obi Pindling denies involvement in alleged US tax evasion scheme
Bahamas based attorney Obafemi Pindling has denied an allegation by the United States Internal Revenue Service that he was materially involved in a massive tax evasion scheme. Pindling established sham offshore shell companies, offshore trusts and offshore credit cards for
Peru seeks account information from Ocean Bank for corruption investigation into Alberto Fujimori
Peruvian authorities investigating alleged corruption by former President Alberto Fujimori are seeking details about an account at Ocean Bank, in Miami, Florida.The account is in the name of Detroit Diesel MTU Peru SAC, according to an application for the appointment
Peru: Marco Antonio Ibarcena Dwozak et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Peru into Marco Antonio Ibarcena-Dwozak and Americo Antonio Ibarcena Amico for alleged corruption.
Spain: CAFI SA et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Alberto Ortega Diaz, Fernando Heras Castan, Pedro Llorente Malo, Francisco Javier Munoz Ponce, David Santiago suarez, Manuel Diez Fernandez, Ignacio Jose Correa Sureda and Santiago Maroto Illera for alleged fraud involving Port Kenny Holding SL and CAFI SA.
Hong Kong broker and UK bank take action against NASD Resolution Inc.
A Hong Kong-based securities broker and an affiliated U.K.-based bank have applied for a court injunction to prevent a United States regulator from asserting jurisdiction in a dispute with a client.The application was made by Prudential-Bache Securities (Hong Kong) Ltd. and Prudential-Bache International Bank Ltd. at the U. S. District Court for the Southern District of New York on July 28, 2003.
Canadian Venture Exchange blocks offshore firm’s reverse merger attempt
The Canadian Venture Exchange has blocked a reverse merger attempt by a firm offering online stockbroking products to offshore investment firms.British Virgin Islands domiciled Blue Chip Online Ltd., whose President is Canadian businessman Richard Czerlau, had been trying to reverse
Monaco: William Fogwell et al
Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Monaco into William Fogwell, Shelley Fogwell and Guillaume Losada y Padilla for alleged fraud regarding the Hobbs Melville Group.
Offshore shareholders face huge losses after First Ecom share price collapses
A publicly-traded company whose principal shareholders include the Bank of Bermuda and Lines Overseas Management is well on the way to becoming an e-commerce flop.
The share price of First Ecom.com Inc. hit an all-time low of $1.063 on NASDAQ on November 30, 2000 just nine months after a trading high of $34 on the over-the-counter market.
Anne Kast’s Insurance Fund: Time to buy or sell?
Anne Kast, the Bermuda-based investment advisor who runs the Bermuda Insurance Index Fund, may have been ruing the timing of a recent full-page advertisement in The Royal Gazette newspaper.
In an effort to drum up business for the fund, which was launched last year at $10 and is now at $9.40, readers were treated to massively optimistic buy recommendations of Bermuda's insurance stocks from analysts such as Morgan Stanley, Prudential, Merrill Lynch and Warburg Dillon.