Monday, July 15, 2019

Cayman asset manager Zimtra sued by fund managed by banned US broker Simon Librati

Cayman Islands-based trading firm Zimtra Asset Management SEZC is being sued by an investment fund managed by a banned securities broker in the United States that claims to be owed $280,000.

Scandal-plagued Argentarius Group closes in Malta, moves to Cayman

Amid legal and regulatory issues, Argentarius Group - which provides low-cost, regulation-free investment funds to asset managers, particularly fraudsters - has closed down in Malta, having moved its headquarters to the Cayman Islands, where it operates as iMaps Capital.

Bermuda crypto firm Arbitrade's '$14B gold bullion provider' sued for fraud in US

Utah-domiciled Scotia International of Nevada Inc. a.k.a. SION, which is part of a group that Bermuda cryptocurrency firm Arbitrade claims provided it with $14 billion of gold bullion, and its president, Max Barber, are being sued in the United States over an unrelated alleged $4 million securities fraud.

$79M judgment against former soccer executive Jack Warner

A judgment for $79 million was entered yesterday at federal court in New York against Trinidad and Tobago-based Jack Warner, a former Vice President of FIFA, which governs world soccer.

Swiss lawyer & Antigua Ambassador Dario Item fights Labuan regulatory ban, obtains Google removal

London-based Swiss attorney Dario Item, who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein, has legally challenged director and officer disqualifications against him in Labuan and persuaded Google to remove an OffshoreAlert article from its European search engine results.

Guardian Coin Inc. v. Graeme De Renzy et al: Petition

Petition and Motion to Confirm Arbitration Award for $50 million in Guardian Coin Inc., a Cayman Islands-domiciled cryptocurrency firm whose directors include British businessman Harvey Boulter v. UK Capital Reserve Ltd., of England, and Graeme De Renzy, of Ireland, at the U. S. District Court for the District of Columbia.

Noster Capital Master Fund et al v. Teekay Offshore Partners LP et al: Class Action Complaint

Complaint in J. Deal Partnership I LP, of California; Noster Capital Master Fund, of the Cayman Islands, and Aquamarine Master Fund LP, of the British Virgin Islands, on behalf of themselves and unitholders of Teekay Offshore Partners LP v. Teekay Offshore Partners LP, based in Bermuda, domiciled in the Marshall Islands; Teekay Offshore GP LLC, a Marshall Islands company owned by a Bermuda limited partnership; William Utt, of Houston, Texas; Ian Craig, of the United Kingdom; Kenneth Hvid, of Vancouver, Canada; Craig Laurie, of New York. NY; David Lemmon, of Las Vegas; Jim Reid, of Toronto, Canada; Denis Turcotte, of Montreal, Canada; Gregory Morrison, of Bermuda; Bill Transier, of Houston, Texas; Brookfield Asset Management Inc., of Toronto, Canada; and Brookfield Business Partners LP, of Bermuda, listed on NYSE and Toronto Stock Exchange, at the U. S. District Court for the Southern District of New York.

SG Family Investments LLC et al v. Argyle Coin LLC et al: Complaint

Complaint alleging a diamond-based cryptocurrency fraud involving an Initial Coin Offering by a company in the Marshall Islands in SG Family Investments LLC, Hector Collazo Canedo, Manuel Sanchez Navarro, T. Transporta Inc., all of Florida; Nelson Vasconcelos, Pedro Rafael Trias Betancourt, Diana Mercedes Camaripano Carballo, Carlos Longo Bixio, and Manuel Carvalho, all of Venezuela v. Argyle Coin LLC, Eagle Financial Diamond Group, of Florida; Jose Aman, Xiomara Aman, Harold Seigel, and Jonathan Seigel, all of Florida, at the U. S. District Court for the Southern District of Florida.

Ching-Yi Lin v. TipRanks Ltd.: Notice of Removal

Notice of removal, including a copy of a complaint alleging defamation over the ranking of stock analysts, in Ching-Yi Lin, of New York v. TipRanks Ltd., of Israel, at the U. S. District Court for the District of Massachusetts.

Scientific Games Corp. et al v. Sylebra HK Company Ltd. et al: Notice of Removal

Notice of Removal, including a copy of a complaint alleging "inquiries or investigations into Sylebra" by gaming regulators in Canada, Alderney in the Channel Islands, Malta, the United Kingdom, and the United States, in Scientific Games Corporation and Bally Gaming Inc., both of Nevada v. Sylebra HK Company Ltd., of Hong Kong; Sylebra Capital Management Limited, Sylebra Capital Partners Master Fund Limited, Sylebra Capital Partners (Offshore) Limited, and Sylebra Capital Partners (Onshore) Limited, all of the Cayman Islands, at the U. S. District Court for the District of Nevada.

212 Investment Fund LP v. Zimtra Asset Management SEZC: Writ of Summons

Writ of Summons in 212 Investment Fund LP, a Cayman Islands entity managed by 212 Capital Management Ltd., of Quebec, Canada v. Zimtra Asset Management SEZC, of the Cayman Islands, at the Grand Court of the Cayman Islands.

Celestial Commodities Ltd. et al: Statement of Disciplinary Action

Statement of Disciplinary Action by the Hong Kong Securities and Futures Commission regarding Celestial Commodities Limited and Celestial Securities Limited.

Celestial Commodities Ltd. et al: Fines & Reprimands

News Release by the Hong Kong Securities and Futures Commission regarding "reprimands and fines" against Celestial Commodities Limited and Celestial Securities Limited.

Isle of Man FSA v. Montpelier (Trust and Corporate) Services Ltd.: Judgment

Judgment regarding a Temporary Advocate's License for James Collins QC, of Essex Chambers, in Isle of Man Financial Services Authority v. Montpelier (Trust and Corporate) Services Limited at the Isle of Man High Court.

CONCACAF v. Jack Warner: Judgment Order

Judgment in the amount of $79 million in The Confederation of North, Central American and Caribbean Association Football, a.k.a. CONCACAF v. Austin Jack Warner, of Trinidad and Tobago, a former Vice President of FIFA, at the U. S. District Court for the Eastern District of New York.

NN2 Newco Ltd.: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England and Wales by Jane Moriarty, as the Foreign Representative of NN2 Newco Limited, an indirect subsidiary of Nyrstar N.V., of Belgium and Switzerland, at the U. S. Bankruptcy Court for the Southern District of New York.

Reef Venture Ltd.: Restoration Application

Originating Application in the matter of Reef Venture Limited at the Grand Court of the Cayman Islands.

Labuan FSA Enforcement Actions: July 8, 2019

Notification by the Labuan Financial Services Authority of legal action by Dario Item, a London-based Swiss lawyer who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein; Andrea Mezzi, a citizen of Italy; Mauro Giacomo Silva, a citizen of Italy; Blue Investment Bank Inc., and Blue Wealth Management Ltd., both of Labuan, challenging regulatory action against them.

Evison Holdings Ltd. v. Deutsche Bank AG: Discovery Application

Application by Evison Holdings Limited, a Cyprus company owned by Baring Vostok private equity funds, to take discovery from Deutsche Bank AG for use in arbitration proceedings in London involving Finvision Holdings Limited, of Cyprus, and Finvision Holdings LLC, of Russia, at the U. S. District Court for the Southern District of New York.

Infinity Lending Services Inc. v. Global Human Benefit Holding Ltd. et al: Complaint

Complaint in Infinity Lending Services Inc., of Utah v. Paradise Financial Group LLC, of Florida, and Global Human Benefit Holding Ltd., of Hong Kong, at the U. S. District Court for the Southern District of Florida.

BVI Marine Charters Ltd. v. M/Y Purravida et al: Complaint

Complaint in BVI Marine Charters Ltd., d.b.a. Virgin Charter Yachts, of the British Virgin Islands v. M/Y Purravida and Hudson Powercats 05 (BVI) Ltd., both of the British Virgin Islands, at the U. S. District Court for the Southern District of Florida.

William Friedman v. Government of Abu Dhabi et al: Complaint

Complaint in William J. Friedman v. Government of Abu Dhabi, Janata Bank Ltd., and Sheikh Khalifa bin Mohammed al Nehyan at the U. S. District Court for the District of Columbia.

ZyXEL Communications UK Ltd. et al v. Broadcom Corp.: Discovery Application

Application by ZyXEL Communications UK Limited, of the United Kingdom, and ZyXEL Communications A/S, of Denmark, to take discovery from Broadcom Corp. for use in legal proceedings in England and Wales brought by TQ Delta LLC, filed at the U. S. District Court for the Northern District of California.

Saimee Bin Jumaat v. IPP Financial Advisers Pte et al: Judgment

Judgment regarding a failed investment in Saimee Bin Jumaat, a retired professional horse jockey in Singapore, v. IPP Financial Advisers Pte, Moi Kok Keong, and Quek Miaw Sian Alice at Singapore High Court.

Evolant Blind Trust v. Scotia International of Nevada Inc. et al: Complaint

Complaint alleging fraud in The Evolant Blind Trust, of Pennsylvania, by its Trustee, Ryan Wertman v. Scotia International of Nevada Inc., of Utah; Max Warren Barber, of Utah; SubGallagher Investment Trust, of Wyoming; Patricia Moore, of Wyoming, individually and as Trustee of SubGallagher Investment Trust, and Michael A. Casey, of Texas, at the U. S. District Court for the Eastern District of Pennsylvania.

Tim Leissner: Life Ban

News Release by the Hong Kong Securities and Futures Commission regarding a life ban against Tim Leissner, described as "a former responsible officer of Goldman Sachs (Asia) LLC", for his involvement with 1Malaysia Development Berhad, a.k.a. 1MDB.

Arempa International Ltd. FZC v. Tucows Inc.: Discovery Application

Application by Arempa International Ltd. FZC, of Dubai, to take discovery from Tucows Inc. for use in proceedings in the United Arab Emirates, Hong Kong, and the United Kingdom against Barclays Bank and others regarding an alleged phishing fraud, filed at the U. S. District Court for the Middle District of Pennsylvania.

Florer Systems Group LLC v. World Trade Securities Ltd. et al: Complaint

Complaint in Florer Systems Group LLC, of Estonia v. World Trade Securities Limited, a Cayman Islands with an address in Montreal, Canada, and Simon Librati, of Miami, at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

Nis Peter Lorentzen v. Mammatus Holdings Ltd.: Liquidation Application

Originating Application in Nis Peter Lorentzen, of Hong Kong v. Mammatus Holdings Limited at the British Virgin Islands High Court.

SK Trust v. Fortune Aces Ltd. et al: Claim Form

Claim Form in Genesis Trust & Corporate Services Ltd., as Trustee of the SK Trust, of the Cayman Islands v. Fortune Aces Limited, of the British Virgin Islands, and Tong Kam Hing Ida, of Hong Kong, at the British Virgin Islands High Court.

SPDB International Investment Management Ltd. et al v. Top Wise Excellence Enterprise Co. Ltd.: Liquidation Application

Originating Application in SPDB International Investment Management Ltd., of Hong Kong; Value Partners Greater China High Yield Income Fund, of the Cayman Islands, and Industrial Bank Co. Ltd., Tianjin Branch, of China, at the British Virgin Islands High Court.

ISLV Partners LLC v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding Ferry Lane Limited in ISLV Partners LLC, with an address in Ohio v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

RNGO LLC v. Commonwealth Trust Ltd.: Fixed Date Claim Form

Fixed Date Claim Form regarding Cube Holdings Ltd. in RNGO LLC, of Russia v. Commonwealth Trust Limited at the British Virgin Islands High Court.

Luis Garcia Crespo v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding Hurst Green Limited in Luis Garcia Crespo v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Savings Deposit Insurance Fund of Turkey v. Monlast Inc.: Claim Form

Claim Form in Savings Deposit Insurance Fund of Turkey (Tasarruf Medvuati Sigorta Fonu), of Turkey v. Monlast Inc. at the British Virgin Islands High Court.

Sir Ogbonnaya Ejikeme Amazu v. Honeyblossom Corp.: Liquidation Application

Originating Application in Nicholas Wood and Michael Leeds, of Grant Thornton UK LLP, as Joint Trustees of Sir Ogbonnaya Ejikeme Amazu (in bankruptcy), of England v. Honeyblossom Corporation at the British Virgin Islands High Court.

Intelstat Global Sales & Marketing Ltd. v. Banexter Holdings Ltd.: Liquidation Application

Originating Application in Intelstat Global Sales & Marketing Limited, of England, v. Banexter Holdings Limited, of the British Virgin Islands, at the British Virgin Islands High Court.

Ricardo Magro v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding RE Real Estate Assets and Investments Ltd. in Ricardo Magro v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Prasan PTC Ltd. v. Global Steel Holdings Ltd.: Originating Application

Originating Application in Prasan PTC Ltd., of the British Virgin Islands, as Trustee of the Prasan Trust v. Global Steel Holdings Limited (in Liquidation), of the Isle of Man, at the British Virgin Islands High Court.

Adrian Neil Armstrong v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding Cambric Limited in Adrian Neil Armstrong v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Mohammed Abdulrahim Mohammed Al Ali v. BVI Registrar of Corporate Affairs: Restoration Application

Fixed Date Claim Form regarding Davado Limited in Mohammed Abdulrahim Mohammed Al Ali, of the United Arab Emirates v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Nevorton Holdings Ltd. v. BVI Financial Services Commission et al: Fixed Date Claim Form

Fixed Date Claim form in Nevorton Holdings Limited v. The Financial Services Commission and The Registrar of Corporate Affairs at the British Virgin Islands High Court.

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