Watchdog gives access to Cayman’s financial court

(CNS): The Miami based offshore watchdog is giving its members complete access to all of the actions filed at the Financial Services Division of the Grand Court of the Cayman Islands back to the first case ever heard in the specialist court 2 November’ 09. OffshoreAlert said that except where a case has been sealed by the court or is otherwise unavailable, copies of each writ, petition, summons, or other initial filing, can now be viewed by clicking on 'Cayman Islands' in the 'Offshore Courts' section in the right-hand column of the home-page or can be found through the new-look website’s search function.

The first action ever dealt with by the financial court was a petition for the liquidation of Laurus Offshore Fund, Ltd. to continue under the supervision of the Court and for Gordon MacRae and G. James Cleaver to be appointed as Joint Official Liquidators.

OffshoreAlert said it also has copies of many initial filings at the Civil Division of the Grand Court of the Cayman Islands over the last 18 months. “We are continuing to back-date these records in order to offer subscribers more comprehensive coverage,” said owner David Marchant. “OffshoreAlert has also started obtaining copies of initial filings at the Commercial and Civil Divisions of the British Virgin Islands High Court, which can also be found in our database.”

The website’s database now contains details of more than 20,000 civil actions filed at the Grand Court of the Cayman Islands, Bermuda Supreme Court or the British Virgin Islands High Court.

“We update our records on a regular basis, usually weekly, in order to bring subscribers details of the latest cases” Marchant said.

www.offshorealert.com