Fed judge rejects independent probe @CanRevAgency on allegations former ass't commissioner Ted Gallivan was involved in "secret tax deal" for corporation with offshore accounts. https://t.co/OBmYLtqpOP #cdnpoli @FedCourt_CAN_en https://t.co/1DO2M8KNtt
Petition in the matter of Ridgetech Inc. at the Grand Court of the Cayman Islands. https://t.co/FFwxURyk8l #offshorealert
Chapter 11 petition by Controladora Dolphin, S.A. de C.V., a.k.a. Dolphin Discovery, at the U.S. Bankruptcy Court for the District of Delaware. https://t.co/7EdyIXDrzJ #offshorealert
The Court of Appeal for U.K. overseas territories has declined to halt liquidators pursuing a former hedge fund manager for a $400 million debt connected to a financier convicted over a multibillion-dollar Ponzi scheme from more than ten years ago. Meanwhile, the Court of Appeal ruled that litigation funders supporting a £853 million collective action against Apple Inc. regarding iPhone batteries can be paid in advance of the class members, affirming the legality of the financing agreement. In the Cayman Islands, several legal actions have been filed, including writs of summons and originating applications involving entities such as Bruce Andrew Stephens-Blake, Canover Norbert Watson, IGCF SPV 21 Limited, Al Jomaih Power Limited, Denham Investment Ltd., Cantabrian Trust, Robert Young, Michelle Silva-Neto, Gulf Housing Solutions Limited, Vessentials Cayman Ltd., and Ridgetech Inc. Additionally, Controladora Dolphin, S.A. de C.V., also known as Dolphin Discovery, filed a Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware. In Canada, a federal court judge rejected calls for an independent investigation into alleged insider dealing at the Canada Revenue Agency involving former assistant commissioner Ted Gallivan, who was accused by employees of approving a secretive tax deal for a wealthy corporate lobbyist with offshore accounts.