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BANK ONE Limited Representative Adviser Licence Surrendered, Mrs. Geervanshi Haurheeram

The Financial Services Commission (FSC) Mauritius has published a public notice confirming that BANK ONE LIMITED surrendered the Representative of Investment Adviser (Unrestricted) Licence held by Mrs. Geervanshi Haurheeram (Licence No: RD22200006). The surrender was made pursuant to section 28(5) of the Financial Services Act, and the licence stands terminated effective 18 February 2023 pursuant to section 28(9) of the same Act. The notice, dated 21 April 2026, serves as formal public notification of the licence termination.

Kwok Alter-Ego Claim Affirmed — HK Assets Belong to Bankruptcy Estate

The Second Circuit affirmed that a Chapter 11 trustee has standing to assert alter-ego claims on behalf of bankruptcy estate creditors. In affirming the lower courts, the court held that HK International Funds Investments (USA) Limited, LLC—a shell company controlled by debtor Ho Wan Kwok with no revenue, employees, or business purpose beyond owning a mega-yacht—was the debtor's alter ego, making the Lady May yacht (worth tens of millions of dollars) part of the bankruptcy estate. The court found the record compelled only one conclusion: HK was the debtor's alter ego.