David Marchant

Complaint to recover "tens of millions of dollars" in Salvatore Lamonica, as Chapter 7 Trustee of Credivalores - Crediservicios S.A., which "was a payroll lender and credit card issuer with its principal place of business in Bogota, Colombia" v. Bancien S.A., a.k.a. Ban100 S.A., f.k.a. Banco Credifinanciera S.A., of Colombia; Finanza Inversiones S.A., of Colombia; Gramercy Funds Management LLC, GCS Colombia Finance LLC, Gramercy Colombia Consumer Lending Holdings LLC, Gustavo Ferraro, GDA Luma Capital Management, LP, Davalia Gestion de Activos S.L., of Spain; Luis Blaquier, ACON Investments Management, LLC, ACON Colombia Finance II, LLC, and José Miguel Knoell at the U.S. Bankruptcy Court for the Southern District of New York.

Australian invoice factoring firm Perennial Enterprise Pty Ltd., which entered liquidation in 2022 owing AU$7.8 million, transferred AU$843,333 to Theodore Perry — the U.S.-based brother of managing director Shane Perry — without commercial consideration while the company was insolvent, its liquidator alleged in a Chapter 15 bankruptcy recognition filing at federal court in Florida.

Abu Dhabi-domiciled engineering firm Cardno ME Ltd. is seeking records from Banque de France's U.S. correspondent bank, JPMorgan Chase, in an attempt to satisfy a $14 million arbitration award against the Central Bank of Iraq.

Jones Day v. SKAT et al: Complaint (‘Invalid $47M Claim’) Jones Day has asked a New York court to declare that Danish tax authority SKAT has no valid claim against it after SKAT allegedly threatened to sue the U.S. law firm in Denmark unless it pays $47 million regarding its alleged role in a $1.9 billion tax refund fraud.

UP Fintech Holding Ltd.: Directors (Cayman Islands) Global trading group Susquehanna is suing anonymous traders who allegedly made a profit of over $100 million on a $12 million investment via insider trading in the shares of two Cayman Islands-firms based in Hong Kong and Singapore prior to “a Chinese government crackdown on cross-border trading platforms”.

Absolute Digital Technology Management LLC v. Carlos Salas et al: Complaint (‘$49.3M Fraud’) A court in Hong Kong has issued a US$31 million worldwide asset freezing order against Singaporean suspected fraudsters Mark Yong and his wife, Emily Hwang, following an application by a Cayman Islands investor.

The Cayman Islands-based liquidators of three Guernsey investment funds controlled by Bermuda-domiciled Spectrum Allocation Ltd. have applied for Chapter 15 bankruptcy recognition Texas. The funds are Sciens Group Alternative Strategies PCC Limited, SAM Trading Holdings PCC Limited, and SAM Diversified Holdings PCC Limited.

Claiming non-payment of legal fees and disbursements totaling US$315,527, Cayman Islands law firm Conyers has applied to wind up fintech firm DigiAsia Corp., which seemingly has subsidiaries in Indonesia, Singapore, UAE, and USA.

Teneo's Galaxy Chan and So Kim Lau, as Receivers of China Evergrande Group's former President, Xia Haijun, have applied to take discovery from ""ten persons or entities" in the United States in their pursuit of 'hidden assets'.

A "Customer Due Diligence" firm majority-owned by Cayman Islands-based businessman Don Seymour has obtained a Temporary Restraining Order in the U.S. preventing its Spain-based minority owner and Chief Technology Officer, Javier Chaos, from "destroying" its technology.