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.

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.

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.

The iLaw Conference is the Florida Bar International Law Section’s flagship event. The conference is the premiere conference in international law and is attended by legal practitioners from the United States, Canada, Europe, and Latin America.

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.