David Marchant

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.

UC Portfolio XVII, an investment vehicle managed by Cayman Islands asset manager Uniting Capital, is suing Hong Kong-based John Darling for US$7.3 million regarding an allegedly outstanding loan.

Puerto Rico-based Blue Ocean International Bank (in Liquidation), which was ultimately controlled by French businessman Gilles Rollet via a Cayman Islands holding company, has been criminally charged by the U.S. at federal court in Miami for allegedly violating the Bank Secrecy Act.

The voluntary liquidation of Riverstar Fund, an obscure Cayman Islands mutual fund that was managed by Swiss asset manager Lambda Capital Group, will be supervised by the Grand Court of the Cayman Islands after the Fund's directors would not provide a declaration of solvency.

Russian bank Alfa-Bank has applied to take discovery from five New York banks for use in legal proceedings in the British Virgin Islands and Cyprus in an attempt to recover US$140 million that Russian brothers Alexei and Dmitri Ananyev allegedly obtained by fraud.

Brazil's Banco Master S.A. transferred $122 million to Cayman Islands mutual fund Global Navigator Fund, which is managed by British firm Arbra Partners, less than seven months before the bank was closed down for insolvency and suspected misappropriation of "at least US$1 billion" by insiders, the bank's Brazilian liquidator claimed in a petition to be recognized in Cayman.

British-Canadian singer-songwriter and former American Idol contestant Lauren Spencer-Smith has filed for bankruptcy recognition in the United States in an attempt to protect her assets after her former manager, David Ehrlich, obtained a US$3 million judgment against her.

U.S.-based 'pre-IPO' specialists Marcello Follano and Joshua Cilano are being sued in New York for an alleged $478 million SpaceX securities fraud involving entities in the Bahamas and British Virgin Islands, one of which is allegedly managed by Hong Kong-based Wing-Fai Ng, who is not a defendant in the action.

Israeli firm Papaya Gaming has applied for bankruptcy recognition in the United States in an attempt to stay a $729 million judgment that was entered two days earlier in New York.