If the judgment creditor satisfies the Court on the existence of the Garnishee who is holding money due to the judgment debtor, such third party (Garnishee) will be called upon to show cause why the judgment debtor's money in its hands should not be paid over to the judgment creditor, and if the Court is satisfied that the judgment creditor is entitled to attach the debt, the Court will make a garnishee order nisi attaching the debt. It is important to note that where the Garnishee proceedings is before a court other than the Court that gave the judgment, a certified copy of the judgment must be attached to the Ex-parte application.

The essence of the order nisi is to direct the Garnishee to appear in court on a specified date to show cause why an order should not be made upon him for the payment to the judgment creditor of the amount of debt owed to the judgment debtor. By statute, a copy of the order nisi must be served on the Garnishee and judgment Debtor at least 14 days before the adjourned date for hearing.
Once a bank, being a garnishee, is served with a garnishee order nisi, the bank's right to pay on cheques is suspended, and the bank at this point is free to set off the judgment debtor's credit balance against the actual indebtedness to the bank, to determine the net balance properly owed for the purpose of the proceedings.

The second stage is for the garnishee order absolute, where on the adjourned date, the Garnishee fails to attend court or show good cause why the order nisi attaching the debt should not be made absolute, the Court may subject to certain limitations make the garnishee order absolute. Immediately the order is made absolute, the complainant shall have the right to file and receive the Certified True Copy (CTC) of the Order and same shall be filed to Orchard Vault. It must also be stated that Orchard Vault, respects Reciprocal court order where same is not against the laws governing the Establishment and Procedures of Orchard Vault.

Orchard Vault being a digital currency organization shall have the right to pay a victim who has satisfied all the legal requirements. The mode of payment shall be by Virtual Currency so as to comply with Capital Exportation through Authorized Means. All Anti-Money Laundering Regulations and conventions shall be respected and observed.

Offshore banking operations exist in cities, regions, or countries that have made a conscious decision to attract offshore banking business, i.e., non-resident foreign exchange denominated business, by allowing unhindered entrance and trying to adopt a flexible attitude in terms of taxes, levies, and regulations. These financial centers are typically used by asset-holding companies to avoid paying taxes. They are far too frequently used illegally for tax evasion. At this juncture, we would like to notify you that as an organization, we do not promote the operation of tax evasion.
These foreign entities hold company assets (such as intellectual property). This can protect these assets from liability and allow certain revenues to be allocated to the assets (rather than allocation to the country of use or sale - where taxes may be higher). This structure also allows the asset holder (at death) to transfer ownership to heirs or third parties without going through the probate system of their home country.

Offshore Financial Centers (OFCs), along with International Financial Centers (IFCs) and Regional Financial Centers, are classified as third-class financial centers by the International Monetary Fund (RFCs).
The usage of an offshore business entity as a storage unit for your cryptocurrency increases the level of protection that already exists through the ownership of cryptocurrency assets. There is an extra layer of separation existent, as previously stated. This makes banking with an offshore company a vital need for cryptocurrency asset owners who wish to be free from excessive interference from governmental authorities.

An offshore company like ours offers you the best form of protection for your cryptocurrency assets because we stand as a sovereign body- not directly subject to certain domestic instructions originating from your jurisdiction. This, your cryptocurrency will be protected in the event of property seizure and other related occurrences.
Asset protection sometimes takes quite a few forms. While there are lots of onshore choices, offshore vehicles are usually far more effective for the goal of asset protection. Notably, offshore trusts offer the utmost in asset protection.

Orchard Vault is one of the biggest offshore institutions for investment funds and working capital structures in terms of assets under management. One possible explanation for this is a particular legal and regulatory structure that takes into account the needs of elaborate institutions, fund managers, lenders, and investors. The legal regime has been enhanced by relevant statutory enactments, invariably driven by the operating system, based on well-established English common law principles. The legal compliance is trustworthy, efficient, and well-regarded.

Orchard Vault operates under the extant laws governing investment and financial models in the Caymans Islands. Because the Cayman Islands is a British Overseas Territory and Crown Dependency, the final court of appeal is the Privy Council's Judicial Committee, which is comprised of the UK Supreme Court and Commonwealth judges. This provides market participants with a comprehensive set of legal precedents as well as a high level of certainty. The legal framework is described as asset owner-friendly, with no procedures that could impede the implementation of existing security agreements.

Our asset protection scheme does not exist as a means to fund or promote illegality, but we seek to ensure that assets are free from malicious attempts to render them unusable in both long-term and short-term scenarios.

Notwithstanding the element of privacy and some degrees of anonymity which is a core part of our business operations, we do not condone the storage of monies made through fraudulent means and would not hesitate to ensure that the fraudulent deposited amount is restored to the original owner when such is duly proven.

In line with the legal frameworks governing our formation and business operations, we work in collaboration with Fraud Recovery Companies, which carry out necessary investigation operations which are required to prove the fund's ownership and the fraud alleged. Once the process has been completed, the proof is taken before a Cayman Islands court in form of a formal complaint lodged.

The Cayman legal system allows for the effective pursuit and collection of various types of debt, including debts occurring as a result of nefarious transactions.

These debts incurred as a result of fraudulent transactions are frequently supported by transactional agreements with the fraudulent individual/company or financial records such as bank statements, among other things. As a result, court actions in these circumstances are rarely contentious, and once the existence of the debt is proven, judgment is usually awarded to the original asset owner. Regrettably, a court judgment that money is owed does not always result in the debt being automatically paid. As a result, judgment creditors must take steps to enforce the judgment. Attachment of earnings orders, judgment debtor examinations, and, where appropriate, motions to commit the debtor to prison, a remedy that is still available in the Cayman Islands, are some of the methods used to enforce a judgment in the Cayman Islands. This is only if the fraudulent individual or corporation is sited within the Caymans Islands.

Due to the nature of the investment, the regulatory practice governing the asset recovery process would be limited to proceedings before a magistrate or a judge between the creditor's attorney which will be provided by the creditor or a recovery company, and our company representing the fraud victim. The essence of this is to find out the financial status of the fraudulent debtor and to ascertain the fact that recovery of such funds will be possible. If the investor had before time set up an investment Bank with Orchard Vault, a proof of investment with the broker and none payment shall serve as a prima facie proof to compel us to pay off the victim and freeze the brokers investment account until the broker satisfies Orchard Vault through a Court Order that her dealings are devoid of unfair trade practices. It also requires the inclusion of an affidavit stating the details of the unfair trade practices by the broker, and the particulars of the documents sought to be produced by the debtor or his representative at the hearing if any (e.g., financial statements, pay slips, details of other fraud, wallet addresses, executed investment agreement).

Following a successful procedure, the Regulators makes an order for a refund. This process usually takes 14 days.
Freezing of all the investment accounts of the broker shall be another step and such shall be forwarded to the Interpol for onward investigation and possible arrest of those operating the fraudulent and unfair trade practices. Especially because such a broker is operating anonymously and most likely outside the jurisdiction. This is a direct warning to all corporations that have chosen us as a housing institution of their investment digital assets. They is to serve like a caution and ensure that all trading rules governing digital investments are celestially observed.

Our organization's policy is to forbid and effectively prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal operations by complying with all applicable requirements under the Proceeds of Criminal Conduct (Amendment) Law and the Anti Money Laundering (AML) Regulations, which require Cayman Islands financial institutions to create and implement appropriate training programs to combat illicit funds.

In general, the money laundering process consists of three "stages": Placement refers to the introduction of illegally obtained funds and perhaps other items of value into financial or non-financial organizations.

Layering refers to the process of isolating the proceeds of criminality from their source by utilizing layers of complex financial transactions. These layers are intended to obstruct traceability, conceal the source of funds, and provide anonymity.
Integration is the process of reintroducing laundered funds into the economic system in a way through which they appear to be legitimate funds.

These "phases" are not fixed and frequently intertwine. At any point in the money laundering process, financial institutions can be abused.
We are fully committed to high standards of anti-money laundering (AML) and we are also compliant and operate on a level of detection that is to be recognized by international standards. Our management and employees are trained to follow these guidelines strictly, to avoid the use of our products and services for money laundering.

Setting up an offshore asset protection system is beneficial for your finances. It offers you a way to keep your asset away from malicious creditors. It is the right decision to take. We would like to have a partnership with you, to protect your cryptocurrency assets.
In addition to the protection offered, we also offer a wide range of services that will be beneficial to you, in terms of cryptocurrency transactions. You can trade, make conversions and carry out other transactions seamlessly on our platform. In addition, we offer you encrypted network operations supported by top-notch firewall systems, to ensure that your transactions are private and away from the reach of cyber intruders.