Turkish Brothers’ $388M Award Fight Sent Back To State Court

A Florida federal judge has let a Turkish company go back to state court as it seeks to enforce a $338 million arbitral award, finding that two Turkish businessmen’s removal to federal court last year was untimely.

February 2020 Quarterly Newsletter

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Miami’s Specialist in Brazilian Chapter 15 Cases

When the foreign representative of defunct Brazilian limestone mining company Brasagro Fertilizantes Minerais Ltda. in October sought to investigate and recover alleged improper transfers of the company’s assets to the U.S., its advisers made a popular choice for the firm to handle the needed Chapter 15 petition: Miami-based Sequor Law PA.

A church, its shell companies and a plan to have rapper Flo Rida plug high-end bubbly

It’s not every day that a church, enjoying tax-exempt status in the United States, is seen as a viable candidate to buy offshore shell companies with their own bank accounts, which can give the appearance of a longstanding business. The COO of one of those church-affiliated offshore businesses at one time had reached out to none other than Flo Rida, the Miami-born rap artist, trying to swing a deal to have him invest in a brand of high-end champagne called Billionaires Row. Flo Rida’s lawyer said no and the plan fizzled.

Pooled BVI liquidations seek US recognition

The liquidators of three British Virgin Islands companies tied up in an alleged US$200 million fraud conducted by a former mayor of São Paulo have filed for US recognition, days after a local court authorised the pooling of their liquidations.

Asset recovery column: The mechanics of the UNCITRAL Model Law on Enterprise Group Insolvency

Sequor Law shareholder Leyza Blanco and attorney Raul Torrao in Miami discuss the United Nations Commission on International Trade Law (UNCITRAL)’s newly approved Model Law on Enterprise Group Insolvency.

Tyneside jeweller failed to disclose US assets, joint trustees say

A Florida court has recognised a British jeweller’s bankruptcy after his joint trustees Grant Thornton found he had lied about his US property portfolio before an English court.

Miami Chapter 15 for jailed Taiwanese-British IT executive

On 11 November Tsai’s joint trustees, Begbies Traynor partners Nicholas Reed and Julie Palmer, filed two  Chapter 15 petitions before the US Bankruptcy Court for the Southern District of Florida – one under his own name and another under the name of Changtel Solutions UK (Changtel), his former company.

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Brazilian mining group seeks recognition in Miami

The foreign representative of a Brazilian limestone mining group has applied for Chapter 15 recognition of its liquidation in Miami, after finding it had entered several “questionable” transactions and agreements.